Nigeria Economy | |
Nigeria Economy | |
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Friday, September 07, 2018 13.01AM / FDC Ltd
With
approximately 160 days to the Nigerian general elections, policy, political and
macroeconomic risks are elevated.
GDP
has slowed to 1.5%, External Reserves have slipped to $45bn and the stock
market is close to a correction after losing 10.81% in 2018. The cheery
news is that inflation is declining and the Naira is stable.
Conventional
wisdom says that policy makers do not stir the hornet's nest in the run-up to
an election, especially if your economy is vulnerable to exogenous
shocks. That is why the curious penalty of MTN, the dominant Telco
operator and the international Banks in Nigeria at this time is raising
eyebrows in the international financial community.
Many
are hopeful that there will be an amicable resolution of the impasse which has
seen the market capitalisation of the MTN group on the JSE shredded. It
also almost forecloses any chance of the listing of MTN on the Nigerian Stock
Exchange in the foreseeable future.
The
impact of these developments and the likely political outcomes on your
business, portfolio and strategy are discussed by Bismarck Rewane and the FDC
Think Tank at this month's LBS Breakfast Session with the theme "The
Players change but the game remains".
Kindly download The LBS Executive Breakfast Session – Sep 2018
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