Nigeria
Economy
Sub-Saharan African (SSA) equities remain on shaky ground, with the major stock markets - South Africa, Nigeria, Kenya and Mauritius - set for further falls. Since the beginning of...
2008-11-11Economy
On the back of a downward revision to Nigeria's forecast oil export volume by our oil and gas team, delays in a government investment programme, and new estimates for growth in Q108...
2008-08-20Economy
In line with the Central Bank of Nigeria (CBN)'s mandate to protect the currency's 'international value', the naira has opened and closed in the narrow band between NGN117.65/US$...
2008-07-24Economy
The Lagos All-Share Index (LASI) has continued to fall and is now trading at 50,394, down 24.1% from its all-time high of 66,371 on March 5, 2008. The LASI is now approaching one-year...
2008-07-24Economy
We are forecasting real GDP growth of 9.6% in 2009, followed by a decline towards 5.6% in 2012, before rising to 6.6% in 2017. High oil prices will allow Nigeria to invest in vital...
2008-07-10Economy
The May headline inflation figure of 9.7% y-o-y in Nigeria is in line with our view that inflation could decline in the first half of 2008 before rising in H208 towards our revised...
2008-06-27Economy
BMI View: The stoppage of downward price movement between June 9 and June 13 in the Nigerian Stock Exchange has come to an end, and we see the market continuing its fall over the...
2008-06-17Economy
Equity markets in sub-Saharan Africa (SSA) are, by and large, failing to buck the global trend for stock market declines. Even those that appear to be doing well are now looking overstretched...
2008-06-10
