January 9, 2024/CSL Research The National Bureau of Statistics (NBS) capital importation data showed the manufacturing sector attracted investments worth US$279.5m in Q3 2023 compared to US$605.04m in Q2 2023, a significant decline of 54% q/q. The NBS data also revealed that the manufacturing sector accounted for 42.70% of the […]
OPINION/EDITORIAL
Nigerian Cement Sector 2024 Outlook – Rebounding from a Tumultuous Year
January 9, 2024/CradinalStone Research As Nigeria’s cement industry reflects on a challenging 2023, characterised by demand-stifling events like the cash crunch orchestrated by a poorly executed currency redesign policy, the material currency devaluation, and bouts of heavy rainfall, its hope for a gradual recovery in 2024 feeds off the return […]
Nigerian Banking Sector 2024 Full Year Outlook – On the Cusp of a New Dawn
January 9, 2024/CardinalStone Research Banking earnings touched new highs in 9M’23, aided by material revaluation gains driven by the policy reforms on FX management that led to significant currency depreciation. In 2024, after-tax earnings may be relatively contained due to an expected tamer naira weakening (vs in 2023) as the […]
