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Nigeria Macroeconomic & Markets Report, Dec. 18

Nigeria Macroeconomic & Markets Report, Dec. 18

The year 2018 was characterized by volatility. On the macroeconomic scene, GDP growth which declined in Q1 and Q2 2018, rose in Q3 2018 in the face of increasing foreign capital flight from the Nigerian economy. Crude oil production which declined in Q2 2018, recovered in Q3 2018 and is set for a higher production level in Q4 2018. The inflation rate seemed to have found some base level after persistently declining throughout the year.

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