Macroeconomic Report & Economic Updates

August 2, 2018

Nigeria Economic Update (Issue 27)

Analysis of transactions at the stock market for the month ended May 2018 reveals an increase in the total transaction by a significant 50 percent. From N212.2 billion recorded in April to N318.3 billion in May 20181. Foreign transactions also increased by 57 percent to N193 billion and accounted for 61 percent of total transactions […]

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Analysis of transactions at the stock market for the month ended May 2018 reveals an increase in the total transaction by a significant 50 percent. From N212.2 billion recorded in April to N318.3 billion in May 20181. Foreign transactions also increased by 57 percent to N193 billion and accounted for 61 percent of total transactions at the bourse. Similarly, domestic investment increased by 40 percent to N125 billion with a 49 percent share of total transactions. With a growing foreign investors’ participation, foreign portfolio investment outperformed domestic investment by 21.3 percent, and for the second consecutive month




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Nigeria Economic Update (Issue 6)

Latest figures of FDI flows to Nigeria show a decline of 27 per cent from $4.7 billion in 2014 to $3.4 billion in 20152, representing its lowest value since 2005. This decline is largely attributed to the oil price slump, which has generally increased uncertainty in the economy, with adverse effects on investors confidence. The fall in FDI flows was witnessed in most resource based economies in Africa, as FDI flows to the continent fell by 31 percent in 2015. The forex controls in place in Nigeria has also exacerbated the uncertainty in economy, and created obstacles for both domestic and foreign investors. Thus a review of the forex restrictions could send positive signals to investors.