Good Morning Nigeria: Another dismal set of GDP numbers
​Another dismal set of GDP numbers
The latest national accounts from the NBS show that GDP growth (at constant basic prices) picked up slightly to 2.8% y/y in Q3 2015 from 2.4% the previous quarter. These are still very poor figures. The global macro headwinds have not improved although Q3 was marked by better security in the north east and was spared from the earlier distraction of elections. Non-oil growth slowed to 3.1% y/y from 3.5% in Q2, which highlights the challenge of diversification for the newly-appointed administration
In today's rapidly changing financial environment, we believe our clients need a financial partner they can rely on to provide clear guidance, progressive thinking and innovative products. Our in-depth and qualitative research covers macroeconomics, fixed income and equities, offering timely market commentary and detailed analyses of the local economy, major sectors listed on the Nigerian Stock Exchange (NSE) and the Federal Government of Nigeria bond market. Our sound recommendations are based on a thorough and objective analysis of the relevant companies within the context of their respective industries, the local market and international peer set. Our research is well recognized and acclaimed for its value and integrity, as we provide existing and prospective investors access to reliable, independent, quality research to aid investment decision-making and strategy development.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.