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Nigeria Economic Update: Beyond Oil, Key Drivers for Sustainable Growth
May 19, 2017--Nigeria can build on the oil-driven economic recovery anticipated for it in 2017 by strengthening its macroeconomic policy framework and implementing the structural reforms needed to diversify the economy and break out of a boom and bust cycle, according to the World Bank's newly-released Bi-annual Economic Update.
In 2016, Nigeria experienced its first full-year of recession in 25 years. Global oil prices reached a 13-year low and oil production was crushed by vandalism and militant attacks in the Niger Delta, resulting in the severe contraction of oil GDP.
view the World Bank Nigeria-Bi-annual economic update 2017: fragile recovery
Source: World Bank
JSE firmer as weaker rand buoys rand hedges
Rand reels from Trump turmoil
IMF Staff Completes 2017 Article IV Visit to South Africa With limited room for stimulus through macroeconomic policies, the priority to stimulate economic growth and job creation rests with structural reforms, notably in product and service markets and in the labor market. view more
JSE slips amid poor global market outlook
Strong rand puts dual-listed shares under pressure on JSE
JSE closes flat after golds give up gains
Nigeria: Why Nigerian Stocks Are Rising
JSE slips as rand firms and Richemont shows 5% loss
JSE slips on firmer rand
May 18, 2017--The rand weakened sharply as a fresh political crisis hit Brazil, affecting emerging markets.
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Source: FIN24
May 18, 2017--The rand has weakened more than 2.5% to trade over R13.50/$ as pressure from turmoil in the White House caused havoc on world markets.
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Source: FIN24
May 18, 2017--South Africa's rate of real GDP growth is projected at 1 percent in 2017 thanks to a resumption of solid agricultural production as the drought abates, and an increase in mining output prompted by a moderate rebound in the prices of South Africa's commodity exports
Headline inflation is expected to return below 6 percent in the second half of 2017 and in 2018, making it appropriate for policy rates to remain on hold, and for the central bank to stand ready to increase rates if inflation expectations were to rise.
Source: IMF
May 17, 2017--The JSE joined weaker global markets and closed in the red, despite a rebound in gold miners and Naspers rallying to a new all-time high
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Source: FIN24
May 16, 2017--The JSE has once again been in limbo as the strong rand continues to dampen demand for dual-listed shares.
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Source: FIN24
May 15, 2017--The JSE All Share index ended the day relatively flat as gold stocks shed earlier gains to close the day lower.
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Source: FIN24
May 13, 2017--Nigerian stocks rose to a more than six-month high on Wednesday, lifted by gains in the banking, cement and oil sectors as dollar liquidity continued to improve on the currency market.
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Source: AllAfrica.com
May 12, 2017--The JSE has dipped after Richemont, one of its biggest shares, shed more than 5% in early trade in response to a 14% drop in operating profit for the full year until end-March.
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Source: FIN24
May 11, 2017--The JSE slipped as the rand firmed to R13.38 to the greenback, following weaker dollar prices. The only winning index on the market belonged to the gold miners.
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Source: FIN24
