Culled—Proshare
24/12/2016/Proshare Research
Movement in market indicators in the year 2016 has been with mixed outcome.
On the Nigerian Stock Exchange, the NSE ASI dropped by -7.53% the NASD USI grows by 2.43% as at 23rd December, 2016.
Nigeria’s forex reserves dropped by -12.87% to move from US$28.98bn in January o4, 2016 to US$25.25bn as at December 20, 2016. Activities at both the interbank and parallel market reveal that Naira depreciated by 54.82% and 80.97% respectively.
However, Brent Crude Oil went up in the course of the year by 47.67% from US$37 as at December 31st, 2015 to US$55.05 per barrel as at 22nd December, 2016.
