Executive Summary Our January 2017 report was themed ‘getting off the mud puddle’. The theme was to capture our broad view on the strong likelihood of Nigeria exiting its first ever recession in 25 years. Also, the theme builds on the 2016 report, ‘stuck in the mud’. Nigeria Q1 2017 GDP growth contracted by -0.50% from -1.50% in 2016. The benchmark rate remains at 14% while yields have risen. The equities market is back in positive territory (up 23.23% in H1). The government accessed internati...
​Fixed Income | FGN debt market trading mixedDMO to sell first FGN savings bond next Monday The banking system opened the week with a balance of ₦282 billion, from ₦249 billion last Monday. Friday’s opening balance stood at ₦212.40 billion as the CBN stepped up OMO issuances. The average T-Bill yield was down 57bps week-on-week to 18.34%. For the week the average bond yield rose 15bps to 16.46%. The sell-off in crude oil off the back of a record build-up in US crude inventories may h...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.