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Equities market closed today on a negative note, as NSEASI depreciated by 0.56% to close at 28,042.80 points as against 0.49% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -10.78%.

Following the global financial crisis, overall current account surpluses and deficits fell sharply from about 6 percent of global GDP in 2007 to about 3.5 percent in 2013. Since then, as shown in our new External Sector Report

As noted in our earlier report on Nigeria’s Cement Market Battles, the cement market in Nigeria is such that the companies have different regions which they serve. Although the effect of competitiveness is about to disrupt this trend, CCNN has its largest customer wallet share in the North while DANGCEM and WAPCO are more dominant in the southern part of the country.