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Nigeria Strategy Report H2 2018 Excerpts - Game of Thrones! how they stack up in the race

  • We continue with the serialization of our core strategy document—the Nigeria Strategy Report focusing on developments on the domestic front. We review the socio-political landscape over H1 18 and delineate our outlook on same for the rest of the year.
  • In the gear up to 2019 election, political gimmicks are starting to resonate with the last general election, an indication of a tough ride for the ruling party. For some (Nigerians), security, and perhaps economic challenges, as well as the feeling of dissatisfaction fueled by the perceived variance in expectation and reality of the ruling party’s , has instigated another clamor for change. For another group (Opposition parties), it is a clear case of opposition, protection of interest, and displeasure, all fueling the clamor for change.
  • Heating up the change mantra are fresh waves of opposition within the ruling party, which birthed a new party, the reformed APC (R-APC), and expectation of exit by some key members in the APC. At first, the fragmentation and oppositions steered the need to take a breather on the risk of losing, but the fresh alliance, perceived to be grand, has now alleviated the permutations ahead of the 2019 election.
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ARM Securities Limited
ARM Securities Limited

ARM Securities Limited is a full-service brokerage house that offers best-in-class brokerage services to local as well as foreign private and institutional investors. Formerly known as Hamilton Hammer, the Company commenced operation in 1994 and was acquired by ARM Investment Managers in 2008--an acquisition which has successfully re-positioned the company as a recognized brokerage firm in Nigeria. The Company is a dealing member of the Nigerian Stock Exchange (NSE) and is regulated by Securities and Exchange Commission (SEC). ARM Securities research team provides insightful commentaries on the Nigerian economy and its equity and debt markets using an approach which incorporates a thorough understanding of the fundamentals of the industries and companies under coverage. The research therefore adopts an integrated methodology of top-down analysis and bottom-up stock selection, which focuses on publicly quoted companies on the Nigerian Stock Exchange that are judged to offer the highest potential for earnings growth. In addition, its analysts provide periodic commentaries on a range of topical global and local issues which provide investing clients with a holistic view of the opportunities and risks in today’s financial market landscape. ​

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