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In: Economy| special reports
12 Feb 2010Here is the slide show for the February edition of the monthly lagos Business School’s Executive Breakfast session by Prof. Rewane:
LBS Executive Breakfast Session And Presentation - Feb 2010 (61)In: special reports
12 Feb 2010<a href=”http://www.vetiva.com”>Vetiva Capital</a> has prepared the most comprehensive <a href=”http://www.proshareng.com/admin/upload/reports/TheVetiva2009Reviewand2010Outlook.pdf”>2009 Economic Review and 2010 Outlook</a> to date. The 260 plus document is worth reading. You can download it below:
<a href=”http://www.proshareng.com/admin/upload/reports/TheVetiva2009Reviewand2010Outlook.pdf”>Vetiva 2009 Review And 2010 Outlook</a>- Sectorial Analysis
CBN Reelases Template/Guidelines For Minimum Information To Be Disclosed In Financial Statements
In: Economy| special reports
14 Jan 2010Here is Afrinvest’s 2010 Outlook for the NSE and Nigerian economy as a whole:
In: Economy| special reports
13 Nov 2009Below are some very enlightening presentations by BJ Rewane at the Lagos Business School. They were quite thorough and included information on the real estate, oil and gas, and financial sectors. He also provided some analysis of the economic decisions taken by the CBN. Happy Reading!
<a href=”http://www.proshareng.com/admin/upload/reports/FDC-NigeriaReviewandOutlookatLBS,Nov09.pdf”>Monthly Economic News and Views – Nov 09 – by BJ Rewane</a>
Monthly Economic News and Views - October 09 - by BJ Rewane (63) B J Rewane At LBS - Nigeria Economy Outlook for 2010 (438)In: Economy| special reports
13 Nov 2009FSDH’s 4th Quarter Analysis of the Nigerian Economy is available for download below. The summary is:
In: Economy| Market Analysis
2 Oct 2009The <a href=”http://www.imf.org”>IMF</a> yesterday, released the new <a href=”http://www.imf.org/external/pubs/ft/weo/2009/02/index.htm”>World Economic Forecasts</a>. Economic growth in Nigeria is expected to slow to 2.9% this year from 7% last year. It should rise to 5% in 2010. Consumer prices are expected to increase by 12% in 2009 and 8.8% in 2010.
A major reason for the slowing of economic growth is the fall in financial flows from oil exports. You can download the report below.
In: Economy| special reports
25 Sep 2009Earlier this month, the World Bank and the International Finance Corporation released the 2010 Doing Business report. Nigeria fell in the rankings in almost all the areas. You can read the documents below:
Doing Business 2010 - ECOWAS (91) Doing Business 2010 - Overview (79) Doing Business 2010 - Nigeria (120)The Central Bank of Nigeria recently released the economic report for the month of July 2009. You can download it below. Here is the summary:
The Nigerian Tribune had an article today on the complaints of the stakeholders of the banks taken over by the CBN.
You can read excerpts of the report below. My comments follow.
Here are the main news stories as a result of the recent firing of the heads of Intercontinental, Oceanic, Finbank, Afribank, and Union Banks:
The Central Bank of Nigeria recently released the quarterly report for Q1 2009. Here is the summary:
- GDP grew by 6.4% in 2008 and 6.3% for the first quarter compared with 5.7% for the same period in 2008.
- The projected growth was driven mainly the non-oil sector particularly agriculture which accounted for 35.5% (according to the National Bureau of Statistics).
- Broad and Narrow Money contracted by 1.9% and 3.9% respectively relative to the preceding quarter. Decline in Broad Money was a result of the fall in the foreign assets of the banking system.
- There was a general increase in banks’ deposits and lending rates in Q1.
- The spread between the weighted average term deposit and
maximum lending rates widened from 8.13 percentage points in the preceding quarter to 9.97 percentage points.
- The margin between the average savings deposit and maximum lending rates, also, widened from 16.62 to 19.33 percentage points during the period.
- The weighted average inter-bank call rate rose to 15.79 per cent from 14.01 per cent in the preceding quarter, reflecting the liquidity condition in the inter-bank funds market.
- The value of money market assets outstanding rose by 5.5% in Q1.
- Total federally collected revenue stood at N1.18 trillion, a decline of 10.8% and 31.9% from the proportionate budget estimate and preceding quarter levels.
- Oil recipts constituted 71.2% of total revenue. This was a decline of 39.5% from the previous quarter and attributed to the decline in oil and gas sales.
- Crude oil export was 110.7 million barrels for teh quarter.
- Inflation rate was 14.4% compared with 15.1% in the previous quarter.
- There was a net outflow of $5.53billion through the CBN during the quarter.
- The Naira depreciated 17% in value during the quarter.
This blog is dedicated to informing users on the latest business and economic news news from the CBN and Nigerian Stock Exchange. Happy reading!