Monday, March 05, 2018/ 01.20
PM / FSDH Research
· FSDH Research expects the inflation rate
(year-on-year) to drop to 14.31% in February 2018 from 15.13% recorded in the
month of January 2018.
expected decrease in the inflation rate is largely attributable to the base
effect of previous year.
· FSDH Research
notes that there is a potential increase in local prices of imported food items
because of the faster than expected increase in international food prices. This
may have negative impact on inflation rate going forward
revised average inflation rate forecast for the year 2018 stands at 10.76%
lower than 16.55% in 2017.
we maintain that the yields on the FGN Bonds will rise, in the short-term,
higher than the current levels.
Research observed a slowdown for the Purchasing Managers’ Index (PMI) for the
second consecutive month.
Composite Manufacturing Index (CMI) dropped from 59.3% in December 2017 to
57.3% in January 2018 and to 56.3% in February 2018.
the PMI figures are above 50 points, the slowdown may reflect the rising
uncertainties in the country.
makers and economic mangers in the country need to pay urgent attention to the
declining trend in the PMI in order to nip it in the bud.
here to download the full report.
1. Inflation Rate to Drop in February 2018 on Base Effect -
2. Total Value of Capital Imported into Nigeria in Q4 2017
Estimated at $5,382.89m - NBS
3. PMI Reading No 59: Stable and Positive
4. Manufacturing PMI Stands at 56.3% in February 2018 from
57.3% in January 2018
5. Q4 2017 GDP Growth: Further Above the Turning Point
6. Nigeria’s Q4,2017 GDP:3.5% growth estimate for 2018 on
7. Some Movement in the Non-oil Economy
8. A ‘Black Panther’ Moment For Nigeria
9. Nigeria’s GDP Grows in Real Terms by 1.92% in Q4 and
0.83% for Full Year 2017
10. Q4 2017 GDP Expectation: Oil Sector to Bolster Economic Growth
11. FSDH Research Forecasts a Growth in the Banking Sector
Credit to Private Sector
12. A Small Decline in the FAAC Distribution
13. #IkoroduEconomySummit: Lagos Govt assures Ikorodu on
critical infrastructure projects
14. Shifting The Infrastructure Needle
15. January 2018 FAAC Disbursement: Sustaining the Positive
16. FAAC Disburses N655.18bn in January 2018 – NBS
17. Analysis of FAAC Disbursements in 2017 and Projections
for 2018 – NEITI
18. Declining Inflation is likely to Encourage a Shift
Towards an Accommodative Monetary Stance