Recovery in the global economy is expected to be sustained albeit the pace of growth may be slower than 2021 given base effects; nonetheless, we see the return of economic activities and spending to levels seen prior to the pandemic sometime in H2 2022.
Equities market closed on a positive note, as NGXASI appreciated by 1.73% to close at 45,430.14 basis points as against 0.58% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at 6.35%.
The latest Organization of the Petroleum Exporting Countries (OPEC's) Monthly Oil Market Report (MOMR) released on Tuesday, shows that Nigeria's oil production failed to meet the OPEC required quota for December and the 2021 budget assumption.
The recent events in the Shangisha area of Lagos, specifically in relation to the challenge to the land in the Magodo Phase 2 estate, highlight the challenges of Land acquisition in Nigeria, particularly in Lagos State. However, as with many other issues in Nigeria, there are numerous misconceptions surrounding the case.
The Tony Elumelu Foundation (TEF), the leading philanthropy empowering African entrepreneurs from all 54 African countries, has selected 4,949 entrepreneurs from across Africa for its 2021 Entrepreneurship Programme.
Nigerian Stock Market closed the month of November 2021 in the green zone as market maintained positive sentiment compared to the previous month of October 2021. The NSEASI inched up by 2.88% as against 4.52% gain recorded in the month of October 2021 while the NASD USI closed northwards with 0.07% gain recorded at the end of the month under review as against 1.49% gain in October 2021.