Nigeria

BMI View: Across Sub-Saharan Africa, local debt yields have bottomed out and are set to head higher as inflation and interest rates start to rise. Meanwhile, equity markets have been... 2010-11-22

The Central Bank of Nigeria's (CBN) intervention in the foreign exchange market in October shows that it is committed to keeping the naira stable at around NGN150.00/US$. We hold to... 2010-11-08

Stock markets across Sub Saharan Africa are rallying, reflecting strong and improving fundamentals, rising foreign appetite, and a secular shift away from fixed income as inflation... 2010-11-02

The effects of 2009 crisis notwithstanding, Nigeria's banking sector continues to experience fairly healthy rates of deposit growth. However, they are still reluctant to grow traditional... 2010-10-27

African equity markets have rallied alongside their counterparts from other emerging markets in recent weeks. Given their correlation with global equity markets combined with some idiosyncratic... 2010-10-06

BMI View: The regional trend for interest rate easing has come to a close. Looking ahead, we see high-growth markets such as Ghana, Nigeria and Kenya hiking rates sooner rather than... 2010-09-29

Uncertainty about the outcome as well as the conduct of elections is causing a sell-off across a range of Nigerian assets. While we do not think that a meltdown is warranted - by many... 2010-09-29

BMI View: The latest update of our Sub-Saharan Africa Sovereign Risk Ratings has seen some notable moves, both to the upside and the downside. We continue to regard Gabon as the most... 2010-09-27

The National Bureau of Statistics' (NBS) decision to reweight the consumer price index in July does not alter our average inflation forecasts of 11.8% in 2010, and 11.1% in 2011. Although... 2010-08-26

Following a brief period of downward pressure on the exchange rate in May 2010, the naira has again stabilised in the NGN150.00/US$ region, where we expect it to remain over the coming... 2010-07-12