Nigerian Economic Update Issue 8
This short report comprises the following articles. The first headline: Purchasing Managers’ Index (PMI) discusses the decline in January 2016 of the Manufacturing and Non-Manufacturing PMI, which measures business performance. The next article on Capital Inflow discusses recent data from the National Bureau of Statistics (NBS) which shows that total capital importation in 2015 fell steeply. The subject of Crude Oil is discussed next. It refers to OPEC’s weekly basket price which continued its recovery. The next article discusses the Exchange rate and External reserves. While the exchange rate remained at N197/$ at the official market, it depreciated marginally from N304/$ to N305/$ at the BDC market segment.