loader image

Nigeria Macroeconomic & Markets Report, February 2020

Nigeria Macroeconomic & Markets Report, February 2020

REPORT SUMMARY
The Macroeconomy
• The coronavirus appears to have gone viral
• Global Central Banks returned to an accommodative mood to ease disruptions caused by the virus
• Different sectors of the economy felt the effects of the virus
• Oil prices fall dangerously low

The Financial Markets
• Fixed income markets continued their bullish run in February, but yields increased after OPEC+ failed to renew and
increase oil cuts
• The Equities market reversed all gains made in the previous month
• The rate of PMI expansion slowed

Our Expectation for the Coming Months
• Growth prospects for the nation look weak in light of the pandemic
• Headline inflation is expected to rise further particularly as unrest continues in the North East and land preparation
begins
• Capital importation is expected to remain pressured
• PMI to continue its downward trend
• Equities market is expected to remain bearish.

 

View the Report

No Comments

Post A Comment