Macroeconomic Report & Economic Updates
October 6, 2016
Nigeria Economic Update (Issue 42)
The
NSE market indices recorded a bear market rally for the third consecutive week
in September. Specifically, All-share index and Market Capitalization increased
marginally by 0.31 percent to close at 28,335.40 points and N9.73 trillion
respectively on September 30, 2016. Major drivers of the rally include;
increased trade-volume of financial, agricultural and consumer-goods
securities. The continued rise in market indices may be connected to a
sustained investor confidence in the agricultural and financial sectors on the
account of the ongoing activities of the government and the CBN to stabilize
the sectors.
Related
Nigerias Budget For 2012: Inclusive Growth And Job Creation
This brief examines Budget 2012 and highlights key structural and institutional
challenges that have been militating against the achievement of inclusive growth
and employment generation as listed in the budget.