Q3: 2016 MARKET REPORT
Global growth concerns persisted within the period under review, as slow growth from China, coupled with lower commodity prices as well as low inflation levels across developed markets continued to weigh on growth.
Early in the quarter, uncertainties surrounding the impact of BREXIT referendum dampened outlook, however some of those fears have been allayed by the proactive policy reactions by the monetary authorities to stabilize the economy.
THE 2016 NIGERIAN BANKING SECTOR REPORT
The 11th edition of the Afrinvest Nigerian Banking Sector Report titled “Searching for Investor Confidence” aptly captures the degree of pessimism in the Nigerian economy by investors following the sharp decline in global oil prices and the lingering crisis in the currency market.
With the economy under performing its potential, the oft-repeated investment case for Nigeria has shifted from the resilient economy with unexploited natural/human resources and attractive demographic features to confidence metrics such as, policy consistency, sound governance, regulation and reforms.