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Monday, August 10, 2020

COVID-19: Recommended Investment Strategy over Global Pandemic effects on Nigeria’s Economy

Nigerian Economy and the Threat of Corona virus, Fall in Oil Price Nigeria’s economy, which grew by 2.77% in 2019 (higher than 1.91% in 2018) is currently in dire straits as a result of global COVID-19 (coronavirus) pandemic. The situation has created global uncertainty and...

Nigeria Q4 2019 GDP: Does the stimulus really work?

Last week full-year 2019 GDP growth was reported at 2.27% year-on-year (y/y), an acceleration over 1.91% y/y growth for 2018. Q4 2019 grew at 2.55% y/y. On the face of it, these numbers look good. However, Non-oil growth was 2.06% y/y in 2019,...

How Nigeria Can Boost Non-Oil Exports

The latest quarterly Economic Report from the CBN puts non-oil exports provisionally at US$960m in Q4 2019, indicating decreases of -41% q/q and -17% y/y. The q/q decrease was largely driven by a sharp decline in export receipts from minerals and food products which...

Deloitte 2020 Economic Dialogue: Ahmed, Amaechi, Sanwo-Olu Discuss Finance Act And Infrastructure

Finance, Budget and National Planning Minister Mrs. Zainab Ahmed, the Minister of Transportation Rt. Hon Rotimi Amaechi and Lagos State Governor Mr. Babajide Sanwo-olu discussed Nigeria's Finance Act 2019, Infrastructural Development through Rail, Sub-National developments and the nation's quest to achieve inclusive...

Fitch Revises Lagos’s Economic Outlook to Negative on Sovereign Rating Action

Fitch Ratings has revised Lagos State's Outlooks to Negative from Stable, while affirming the state's Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at 'B+'. Under EU credit rating agency (CRA) regulation, the publication of International Public Finance reviews is subject to restrictions and...

Year Ahead 2020 – Re-risking The Financial System

Oil prices In a global oil market threatened with over-supply, it appears that OPEC, and its ally Russia, are doing a good job of limiting production. Oil price volatility was reduced in 2019 and prices (Brent) held up above US$60.00/bbl most of the time. With...

Northcourt’s 2020 Nigeria Real Estate Market Outlook

Nigeria's economic growth in 2020 will depend on far sighted fiscal and monetary policies and prudent management of public debt, which currently stands at over N25Trn. Most developing countries possess effective formal budget systems that work but turn out ineffective because they lack disciplined...

Global Banking Outlook 2020: Nigeria’s slow economic recovery seen stall banking sector’s recovery

Key takeaways −Most banks should contend with challenging credit conditions in 2020 at current rating levels. −The economic outlook is delicately poised. Key risks for banks include the spillover effects on assetquality from slower economic conditions and a weaker outlook for corporate earnings. −Lower-for-longer rates may avoid...

Nigeria’s Macroeconomic outlook 2020: Analysts advise investors on Eurobond auctions to mitigate risk of Naira depreciation against U.S dollars

Global Economy International Monetary Fund projects global output to grow by 3.4% in 2020, higher than 3.0% forecast for 2019. The Bretton Woods institution predicated its global growth forecast on increased output in emerging and developing economies, especially in Asia and Europe, which are currently witnessing strong domestic...

CBN Issues Guideline on Nigerian Payments System Risk and Information Security Management Framework

The journey to the Payments System Vision 2020 (PSV 2020) started in 2007 with the objective of making the Nigeria Payments System internationally recognised and nationally utilised. The phased implementation of the vision and other developments in the financial space including the pursuit of...
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