Culled—-Proshare September 26, 2016/FBNQuest Research Strong but varied unit volume growth in H1 2016 Sector-wise, unit volume growth for Nigerian cement companies in H1 2016 was stellar, at around 21% y/y. However, on a company by company basis, fortunes varied. While Dangote Cement, Nigeria’s largest cement producer, saw unit volume […]
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Editorial: CBN blame-game over economic recession
September 23, 2016/huhuonline.com Emmanuel Asiwe A failure to save for the rainy day, as well as poor monetary and fiscal policies, were partly responsible for Nigeria’s current recession, according to the Central Bank of Nigeria (CBN). The apex bank governor, Godwin Emefiele at a media parley last weekend blamed external […]
FGN External Debt Mostly Concessional
Culled—Proshare September 26,, 2016/FBNQuest Research FGN external debt at end-June amounted to US$11.26bn, equivalent to 3.4% of 2015 GDP. The total has increased by US$540m over six months, and the outstandings to the World Bank Group by US$560m. The group remains by far the largest external creditor, and multilateral creditors […]
