Friday November 28th 2014

Insight Areas

‘Nigeria’ Archives

Nigeria Economy 2014: Recent Developments and Prospects

The newly rebased Nigerian GDP from 1990 to 2000 at current market prices was estimated to be around USD 510 billion by the end of 2013. This good performance was driven largely by then on-oil sector, although its contribution to export earnings has been very small. While between2011 and 2013 the non-oil sector annual growth averaged 7.1% with a [...]

Industrialization and Global Value Chains in Nigeria

Nigeria’s industrial sector is categorized into crude petroleum and natural gas, solid minerals and manufacturing. Exploration of oil and gas is the main contributor to industrial activities. The level of industrialization is low as outside of oil and gas, this sector only accounts for 3.4%of total GDP and offers low employment opportunities. [...]

Top Agricultural Products in Nigeria

The following are the top agricultural products (by quantity) in Nigeria in 2011. Rank Commodity Production (MT) 1 Cassava                 52,403,500 2 Yams                 37,115,500 3 Maize                   [...]

Nigeria Stock Market Commentary – Week Ending September 6, 2013

The NSE ALSI gained 0.2% to close the week at 36,476.3 on the back of gains in P Z Cussons Nigeria (+11.9%), Stanbic IBTC Holdings (+11.2%), and IHS (+8.9%). During the week, losses were recorded in Intl Energy Insurance (-23.3%), Champion Breweries (-10.0%), and Forte Oil (-8.2%). The top traders by value were Dangote Cement (USD 13.7m), Guaranty [...]

Nigeria 2013: Key Government Leaders and Ministries

Pres. Goodluck JONATHAN Vice Pres. Namadi SAMBO Min. of Agriculture & Natural Resources Akinwunmi Ayo ADESINA, Dr. Min. of Aviation Stella ODUAH-OGIEMWONYI Min. of Communication Technology Omobola Johnson OLUBUSOLA Min. of Culture & Tourism Edem DUKE Min. of Defense Bello MOHAMMED Min. of [...]

Housing Supply in Nigeria

Estimates of the housing shortfall in Nigeria are between 14 – 16 million units and the World Bank notes that the country needs to produce about 720 000 units annually for the next 20 years to begin to solve the problem. Nigeria’s 2020 development strategy includes a vision to build 10 398 650 housing units, between 2012 and 2020. The [...]

Nigeria Stock Market Commentary – Week Ending August 23, 2013

The NSE ALSI declined 1.5% to close the week at 36,563.9 on the back of losses in Intl Energy Insurance (-26.6%), Oando (-11.7%), and Ashaka Cement (-10.4%). During the week, gains were recorded in National Salt Co. Nig. (+12.3%), Cadbury Nigeria (+9.6%), and Continental Reinsurance (+3.5%). The top traders by value were FBN Holdings (USD 11.7m), [...]

Nigeria Stock Market Commentary – Week Ending August 9, 2013

The NSE ALSI declined 0.7% to close the week at 38,038.8 on the back of losses in Wema Bank (-14.7%), Stanbic IBTC Holdings (-13.1%), and Intl Breweries (-10.8%). During the week, gains were recorded in Champion Breweries (+10.0%), GSK Consumer Nig. (+5.8%), and UBA (+5.2%). The top traders by value were UBA (USD 10.9m), Zenith Bank (USD 10.5m), [...]

Nigeria Stock Market Commentary – Week Ending August 2, 2013

The NSE ALSI gained 2.7% to close the week at 38,292.1 on the back of gains in Wema Bank (+31.6%), Stanbic IBTC Holdings (+29.5%), and Champion Breweries (+21.0%). During the week, losses were recorded in IHS (-25.7%), National Salt Co. Nig. (-5.1%), and TransCorp Nigeria (-3.4%). The top traders by value were Guaranty Trust Bank (USD 12.5m), [...]

Nigeria Stock Market Commentary – Week Ending July 29, 2013

The NSE ALSI declined 2.7% to close the week at 37,286.5 on the back of losses in Wema Bank (-15.5%), Cement Co. North Nigeria (-14.0%), and Okomu Oil Palm (-9.6%). During the week, gains were recorded in Intl Energy Insurance (+350.0%), Forte Oil (+61.0%), and Conoil (+46.4%). The top traders by value were FBN Holdings (USD 13.2m), Guaranty Trust [...]

Nigeria Stock Market Commentary – Week Ending July 19, 2013

The NSE ALSI gained 2.7% to close the week at 38,334.5 on the back of gains in IHS (+46.2%), Forte Oil (+33.0%), and 7-Up Bottling Comp. (+22.6%). During the week, losses were recorded in CAP PLC (-12.2%), Continental Reinsurance (-9.4%), and GSK Consumer Nig. (-8.8%). The top traders by value were Nigerian Breweries (USD 10.5m), Guaranty Trust [...]

Nigeria: Power and Agriculture Sector Opportunities in Nigeria

Nigeria accounts for over 40 percent of imports in West Africa and ranks among Africa’s largest consumer markets, third after Egypt and South Africa. It offers growth opportunities in many industry sectors for U.S. exports such as aerospace (aircraft and parts); agricultural products (wheat, dairy, poultry and packaged food) and equipment; [...]

Nigeria Stock Commentary – Week Ending July 12, 2013

The NSE ALSI gained 2.2% to close the week at 37,327.7 on the back of gains in IHS (+18.6%), CAP PLC (+14.2%), and Lafarge WAPCO (+11.6%). During the week, losses were recorded in GSK Consumer Nig. (- 10.0%), Oando (-5.7%), and Cadbury Nigeria (-4.1%). The top traders by value were UBA (USD 26.8m), Guaranty Trust Bank (USD 18.3m), and Nestle [...]

Nigeria: Economic Developments 2013

Nigeria is a resource-rich country, with about 34 different minerals, including gold, iron ore, coal and limestone. It has about 37.2 billion barrels of proven oil reserves, 187 trillion cubic feet of proven natural gas1 and produces about 2.3 million barrels of oil per day. It also has about 70 million hectares of farmland. The structure of the [...]

Nigeria Stock Market Commentary – Week Ending July 5, 2013

The NSE ALSI gained 0.1% to close the week at 36,509.6 on the back of gains in Diamond Bank (+16.3%), Ashaka Cement (+16.2%), and Continental Reinsurance (+13.0%). During the week, losses were recorded in CAP PLC (-24.9%), Presco (-10.1%), and Flour Mills Nig. (-8.5%). The top traders by value were TransCorp Nigeria (USD 17.7m), Guaranty Trust [...]

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