Nigeria

Nigerian equities have risen sharply in recent trading sessions, hitting a fresh four month high of 24,226 at the time of writing. The latest move brings total gains since the beginning... 2010-02-04

BMI View: We are forecasting regional real GDP growth in Sub-Saharan Africa (SSA) of 4.9% in 2010, which will almost mark a return to trend following 2009's trough. Strengthening... 2010-01-08

BMI View: One of our favoured technical indicators - the Relative Strength Index - suggests that the Ghanaian and Nigerian stock markets hold the strongest potential for gains... 2010-01-04

BMI View: Most major Sub-Saharan African countries including South Africa, Mauritius and Botswana have now ended their monetary easing cycles, and we expect the respective policy... 2009-10-26

BMI View: Warning signals abound for Sub-Saharan African equity markets. We see scope for further short-term losses in the South African, Mauritian and Zambian stock markets. We... 2009-10-22

Following a period of considerable exchange rate volatility in Q309, we expect the naira to remain relatively over the short term. This view is premised on easing supply constraints... 2009-10-08

We have closed our bearish position on Nigeria's Lagos All-Share Index (LASI), locking in a profit of 3.1% since we initiated the mock trade on August 20. Our decision has been based... 2009-09-21

We have initiated a bullish position on South Africa's Johannesburg All-Share Index (JALSH) in our key market views, targeting 28,000 from the current 25,826 level, owing to the... 2009-09-17

Nigeria's Lagos All-Share Index (LASI) is currently in a short-term downtrend. We believe that further 'skeletons in the closet' may be revealed in the banking sector over the coming... 2009-09-03

Given the current correction in global equities and oil prices and uptick in risk aversion, we are exiting our long Lagos All-Share Index and SEMDEX trades in our mock portfolio.... 2009-06-23