Macroeconomic Report & Economic Updates
January 22, 2016
Nigeria Economic Update (Issue 3)
Nigeria stock market indices; All Share Index (ASI) and Market Capitalization
declined by 2.4 percent to close at 26537.36 points and N9.12 trillion
respectively at the end of the trade session this week8 The decline
in the indices, which is attributed to the low subscription for stocks in the
market, led to the partnership between Security and Exchange Commission (SEC)
and Debt Management Office (DMO) to salvage the financial system.
Nigeria Economic Update (Issue 34)
Recent NBS data shows a significant decline in power generated in 2016Q2. Precisely, power generated declined by 31 percent (quarter on quarter) from a total quarterly average of 92,352 MWH in 2016Q1 to 63,692.39 MWH in 2016Q2. Remarkably, the reoccurrences of pipeline vandalism in 2016Q2 prompted the shortage of gas for power generation. Thus, there were about eight recorded system collapses in the quarter which led to several days of power outages. However, subsequent quarterly declines in power generation could be averted if efforts to repair vandalized pipelines and adopt hydro sources are intensified.