December 6, 2016/Reuters South Africa’s economy barely grew in the third quarter of the year as the manufacturing sector contracted sharply, renewing fears that the reprieve from ratings downgrades will only be temporary. Gross domestic product expanded by only 0.2 percent in the period between July to September compared with […]
Updates
Invest in FGN Monthly Bond Auction – December 2016
Culled—Proshare December 6, 2016/DMO The Central Bank of Nigeria on the authority of The Debt Management Office on behalf of the Federal Government Of Nigeria Offers for Subscription by Auction and is authorized to receive applications for N35,000,000,000 – 14.50% FGN JUL 2021 (5-Year Re-opening)* N25,000,000,000 – 12.50% FGN JAN […]
Nigeria PMI – Headline Readings Diverge Amidst Contraction
Culled—Proshare December 6, 2016/Vetiva Research November’s Purchasing Managers’ Index (PMI) readings indicated economic contraction over the month as Manufacturing and Non-Manufacturing PMI registered 46.0 and 42.8 respectively. Digging deeper however, the two indexes diverged a bit as the Manufacturing PMI reading is the highest since January (47.2) whilst non-Manufacturing deteriorated […]
