Nigeria Economic Update Issue 6
The first article in this short report is entitled: Crude Oil and discusses OPEC’s weekly basket price slump. The next article discusses Foreign Direct Investment and the latest figures of FDI flows to Nigeria. The next article discusses the inflation rate and the recent data on inflation in Nigeria. The decline in External reserves and the slight appreciation of the exchange rates of the Naira is discussed in the next article. The last article is on the Stock Market. It states that the All Share Index(ASI) and Market Capitalization grew by 1.3 percent to close at 238,264.5 points and N8.19 trillion respectively at the end of the trade session on January 227. It is estimated that the slight recovery in the last two days of the week points to a possible reversal in the negative perceptions of investors, following the slight rise in oil prices during the week.