By InvestAdvocate Lagos (INVESTADVOCATE)-Unrelenting bears on Monday pulled down the Nigerian Stock Exchange (NSE) as all-share index (ASI) dipped 2.86 percent to close at 24,649.39 basis points, while market capitalisation sank by N233.45 billion to N8.48 trillion. “Today’s poor performance reflects market reaction to the potential exclusion of Nigerian equities […]
Tag: Nigeria
IMF Says Nigeria’s Unemployment Rate High at 9.9%
April 8, 2016/IMF Nigeria: 2016 Article IV Consultation Summary The Nigerian economy is facing substantial challenges. Low oil prices, a lengthy period of policy uncertainty, and ongoing security concerns, have produced: a widening fiscal gap with salary arrears at state and local governments; a weaker external current account and the […]
The IMF Agrees Diplomatically to Disagree on Nigeria’s Exchange Rate Policy
Aprl 8, 2016/FBNQuest Research Culled—–Proshare The IMF’s executive board has concluded the Article IV consultations for 2016 with the FGN, and released the customary press release to announce as such. The board’s discussions are generally based on a staff report, which is published once the member government gives its go-ahead […]
