Nigeria Economic Update Issue 2

This document discusses several issues regarding the Nigerian economy under the following headings; Fiscal Focus- talks briefly about the 2016-2018 Medium- Term Expenditure Framework (MTEF), as well as the 2016 budget which introduced the zero-based budgeting system. Energy, Oil and Gas discusses the decline of the OPEC basket price. The document also explored the following: The factors leading to the rise of the Inflation rate is briefly examined. The stability of the Naira/dollar exchange rate is discussed, as well as the decline of the external reserve and lastly the decline of the indices of the stock market is reviewed.