CBO Capital, one of Nigeria’s leading Investment Banks, has released its Q3 Economic report to intimate Nigerians on the state of the Nation’s economy.
The loaded 24 page report covers intercontinental and global economic events and predict how current trends may shape the socio-political and economic climate.
It is a crucial read for knowledge economy participants and aspirants.
A segment on the state of the Oil services industry pits Nigeria vs America
In its Q3 Economic Outlook, the report states:
Government Spending: Q3 will see a surge in government expenditure as lobbying, political campaigns and ‘legacy’
spending, are expected to increase in the run up to the upcoming general elections.
Currency: The new CBN governor has reiterated the stability of the exchange rate remains a critical objective. The dwindling avenue by which to defend the Naira, may force the hands of the MPC to further tighten and curb the speculative attacks on the Naira. Barring improvement in oil production, and invariably, FX revenue, the external reserves depletion is expected to continue as the CBN continues its effort at defending the Naira.
Inflation: We expect inflation to remain in the 7-9% range in Q3 2014 as the commencement of the harvest season should exert countervailing effects on price pressure from expansionary government spending and imported inflation.
See the full report CBO Capital 2014 Q3 Economic Report.
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