The NBS reported that Nigeria’s economy expanded by 2.28% y/y in Q3-2019 from 1.94%y/y in Q2-2019. The GDP growth in Q3 represents a 47bps increase.
FEC on Wednesday approved the issuance of a Sovereign Guarantee from the Credit Suisse AG London Branch and a syndicate of international lenders.
Fidelity Bank Plc continued its decent run in 2019, recording double-digit growth in gross earnings (+15.87%).
Dangote Cement 9M 2019 Revenue declined 0.7% y/y to N467.7 billion, coming below our FY 2019 forecast of N933.1 billion.
Brazil's Ambassador to Nigeria said Brazil has set aside N36 billion for the promotion of agribusiness finance in Nigeria.
Nigerian Breweries (NB) announced a 1.0% y/y decline in Net Revenue to N235.7 billion in 9M 2019 from N238.1 billion in 9M 2018.
Nigeria is Africa's largest crude oil exporter and ranks among the top ten exporters in the world.
Data from the NBS disclosed that Nigeria’s consumer inflation rose by 36bps to 11.61% y/y in October
Latest data released by NBS showed that importation of petrol declined by 11% to 1.46 billion litres in September from 1.64 billion litres in August.
President Mohammed Buhari has announced a new economic team that will offer him economic advice on a timely basis.