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
Foreign Aid And The Real Exchange Rate In The West African Economic And Monetary Union
This paper examines the relationship between foreign aid and the real
exchange rate to determine how the competitiveness of the West African Economic
and Monetary Union (WAEMU) is affected by foreign aid.
Nigeria Economic Update (Issue 14)
Recently released report by the National Bureau of Statistics indicates decline in output and contribution to GDP in the Nigeria aviation sub-sector. In real terms, output in the sub-sector decreased annually by 4.9 percent between 2015 and 2016; and declined by 13.3 percent (Year-on-Year) in 2016Q4 the largest quarterly decline in 2016. The sectoral fall in output was supply-side driven: increased cost of operations prompted cut-back on services provided by the sector as well as termination of some aviation operations. Going forward, recent improvement in forex supply in the interbank and BDC channel would enhance forex access to airline operators and facilitate smooth running of the airline industry.