Q1: 2017 MARKET REPORT
The decision of OPEC to implement a production cut in December 2016 was a positive development for oil-dependent economies. Oil prices in Q1:2017 have since stabilized above US$50.00/b yet increased shale oil production continues to threaten further uptrend in oil prices.
Notwithstanding, global equity markets in Q1:2017 witnessed a rather positive performance. In the Developed markets, the US NASDAQ…
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.