With the National Bureau of Statistics(NBS) recording a real GDP growth rate, on an aggregatebasis, of 7.13% in the first quarter of 2011, and a slightly lower 6.17% for the same quarter in 2012, Nigeria boasts the continent’s second-largest economy after South Africa. Africa’s largest oil producer, Nigeria is the third-largest recipient of foreign direct investment in the continent after Angola and Egypt, according to the US Diplomatic Mission.
Some of the hardest hit players during the 2008 crash, stockbrokers now look set to experience major regulatory changes in the coming years. Alongside stricter oversight and higher capital requirements from the Securities and Exchange Commission (SEC), the Nigerian Stock Exchange (NSE) is upgrading its trading platform and spinning off its post-...
How can the strong performance of fixed-income assets encourage a viable retail trading platform?
Recent years have been full of swings for investors in Nigeria’s stock market, the continent’s third largest by capitalisation (after Johannesburg and Cairo). While investors welcomed what they saw in 2010 as a fleeting recovery in markets, 2011 was more challenging, on the back of sustained volatility in global markets and fallout from the 2008...
THE COMPANY: Nigerian Breweries is the leading brewing company in Nigeria, operating eight breweries and distributing across the country. The company has a rich portfolio of leading brands, including Star, Gulder, Legend, Climax, Heineken, Maltina, Amstel Malta and Fayrouz. As of December 2011, the...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×