Nigeria

In light of the global equity rally, we here examine the extent to which the global bullish trend is reflected in sub-Saharan Africa equity markets. We note that more integrated economies,... 2009-05-07

BMI View: BMI remains medium-term bearish towards EM equities, and sub-Saharan African (SSA) markets are no exception. Despite the precipitous declines seen in several indices... 2009-02-06

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... 2008-11-11

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... 2008-08-20

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$... 2008-07-24

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... 2008-07-24

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... 2008-07-10

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... 2008-06-27

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... 2008-06-17

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