LBS Executive Breakfast Session – April 2012



Thursday, April 05, 2012 / FDC /Bismark Rewane



Beyond the Fuel Subsidy – Environmental Scan (Download the Full Report Here)
In the month of March, the Nigerian economy appears to have recovered from the January shocks. Inflation is down to 11.9%; external reserves are at a two year high ($35.55bn); the naira is firm at N156/$ and the budget has been approved by the National Assembly.
However, the stock market is in the tank at 20,652.47pts and credit to the private sector has become prohibitively expensive at 23% p.a.
At this month’s breakfast session, Bismarck Rewane carries out a macro-economic review for Q1, comes up with a prognosis for Q2 2012 and discusses the leading economic indicators.
Happy Easter!
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