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Nigeria Strategy Report H1 2017 (2) – Commodity Price Shocks Dim Growth Lights Across Africa

 NnoReview of Global Economy and Markets  In today’s cut-out of our core strategy document—The Nigeria Strategy Report, we review developments across Africa over 2016 with key focus on macroeconomic and financial market developments. Furthermore, we outline our expectations for the region’s economic performance over 2017.Extending the pattern from H1 16,

Nigeria: Inflation Rate to Retract

Highlights •    We expect the inflation rate (year-on-year) to drop marginally to 18.44% from 18.48% recorded in November 2016 •    The Food Price Index at the international market decreased marginally by 0.07% in the month of December 2016 •    The value of the Naira depreciated at the parallel market •    We expect the Composite

Oil Prices Running Out Of Reasons To Rally

Oil prices faltered at the start of the second week of the year, as fears set in about a rapid rebound in U.S. shale production. For the better part of two months, optimism surrounding the OPEC deal has buoyed oil prices, but bullish sentiment from speculators are showing early signs

Stocks erase gains as speculations deepen price volatility

The equities market closed today on a negative note, as NSE ASI depreciated by 0.21% to close at 26,330.39 basis points, compared with the 0.15% appreciationrecorded previously. Its Year-to-Date (YTD) returns currently stands at -2.03%.           Market Breadth (Look Up Market Data) Market breadth closed negative as LIVESTOCK led 13gainers against 23Losers topped by NASCON  at the end of today’s session- an unimproved performance