Nigeria

BMI View: The Central Bank of Nigeria has hiked its benchmark interest rate by 25bps, in line with our view that the bank will continue to implement tight monetary policy. The... 2008-06-03

Nigeria's Lagos All-Share Index (LASI) has fallen through the key 60,000 level which previously offered 18-month trendline support, likely presaging further falls. BMI has been warning... 2008-04-30

BMI View: The Central Bank of Nigeria (CBN) has raised the monetary policy rate to 10.0% from 9.5%, the rate which has held since December 4 2007. We are maintaining our forecast... 2008-04-02

The naira remains highly stable on a broadly horizontal path and while there are upside pressures the unit is unlikely to move significantly over the remainder of 2007, in spite of... 2007-08-30

Middle Eastern and African sovereigns are still enjoying a strongly supportive external environment, but micro challenges are beginning to build. Fundamental global economic strength... 2007-06-14

EM correction? What EM correction? Investors in Middle Eastern and African (MEA) credits can be forgiven for downplaying the February global correction that dented developed and developing... 2007-03-30

The naira has been very steady versus the US$, appreciating by 1.5% over 2006 and remaining virtually static around the NGN128/US$ mark since the start of the year. The unit's stability... 2007-03-22

Nigeria has launched its new benchmark Monetary Policy Rate, set at 10%, replacing the previous Minimum Rediscount Rate, which had stood at 14%. This move should not be viewed as... 2006-12-07

The Nigerian Stock Exchange index has tumbled 2.49% so far this week, falling to 32,342 yesterday, line with the view we promoted back on November 2. Initial support for the index... 2006-11-23

Since we last gauged the sentiment of our surveyed banks to EM external debt markets back in the summer, confidence has understandably picked up, as reflected by the rise in our global... 2006-11-16