Macroeconomic Report & Economic Updates
January 22, 2016
Nigeria Economic Update (Issue 5)
All Share Index (ASI) and Market
Capitalization declined by 13 percent to close at 23514.04 points and N8.09
trillion respectively at the end of the trade session on January 15.
The huge drop in the Index, representing a 3-year low, led to the introduction
of the Index Circuit Breakers Rule. While this policy measure may
prevent huge losses in the stock market, rising concerns about macroeconomic
stability in Nigeria may significantly increase the level of volatility in the
stock market. This may have substantial adverse implications for investors in
the Stock Exchange.
Related
Regional Trade For Inclusive Development In West Africa
This
study examines the potential of regional trade in facilitating the achievement
of inclusive development in the West African region. It employs descriptive
analysis to examine the nature, composition and dimension of ECOWAS trade within
the group and with the rest of the world, vis--vis three other Regional
Economic Communities (RECs) in sub-Saharan Africa (SSA). From the preliminary
study, it can be observed that the growth rate of West African economies is
increasing, but the rising economic growth does not translate to improvement in
inclusive development, as there was no significant reduction in poverty levels in
the region. Further evidence reveals that extra-regional trade of the region is
increasing at a very high rate, and also at a disproportionate rate with
intra-regional trade, compared with SADC. This indicates the existence of
opportunity to boost regional trade for inclusive development through
conversion of part of the extra-regional trade into regional trade.