Nigeria Economic Update Issue No.45

The first heading : Setbacks in Achieving Financial Inclusion states that according to the latest CBN financial inclusion report, overall progress towards achieving the Nigeria Financial Inclusion Strategy (NFIS) fell short of the annualized target in 2017. The next heading : Rising Oil and Gas Earnings -August 2018 - discusses the Nigeria National Petroleum Corporation (NNPC) which reports a higher return from crude oil and gas export sales for the month of August 2018. Exodus of Portfolio Investment - 2018H2 : Portfolio investors, particularly foreign portfolio investors, pulled out billions of naira worth of investment from the stock market in 2018Q3. Waning Business Confidence - October 2018 : At 23.2 index points, businesses’ overall confidence index (CI) on the macro economy in October 2018 was less optimistic when compared to its level of 24.8 index points recorded in September 2018. Finally the report ends with quarterly and monthly indicators.