May 23, 2017/Cordros Research The National Bureau of Statistics (NBS) just released Nigeria’s Q1-2017 GDP growth estimate. Real GDP contracted by 0.52% y/y, 77 bps lower than Bloomberg’s compiled median estimate of 0.25%, further extending the country’s recessionary trend. A quick look at the breakdown of the GDP figure shows […]

Culled—Proshare May 23, 2017/FBNQuest Research The African Economic Outlook 2017 charts a slow recovery in African growth from an estimated 2.2% in 2016 to 3.4% this year and 4.3% in 2018. The outlook, which was launched yesterday at the annual meetings of the African Development Bank (AfDB) in Ahmedabad, thoughtfully […]

Culled—Proshare May 23. 2017/FSDH Research We expect the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) to hold rates at the current levels when the Committee meets on May 22 and 23, 2017. Although th e current growth rates in monetary aggregates are below CBN’s targets (which […]