Nigeria now most-watched frontier market

Nigeria now most-watched frontier market

Nigeria has solidified its title as the most-watched frontier market in the latest WSJ Frontiers/FSG Frontier Market Sentiment Index as an increasing proportion of multinationals put the country on their watch list for potential future investment. Nigeria has held the top spot since the index was launched in June 2014 despite having endured a rough ride for the past few months. Followed by Vietnam, Kenya, and Argentina, which all rank among the top 20, Nigeria…

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Nigeria: CBN Maintain or Tighten Policy?

Nigeria: CBN Maintain or Tighten Policy?

We expect policy to be held steady later today as the 100bp tightening in the MPR to 13% late-November 2014 is still yet to transmit its full effect throughout the economy. It is also unlikely for a tightening of policy prior to the election. However, there are various ways that the MPC could respond to current pressures, for example: • Tightening monetary policy further by around 100bp. • Raising Cash Reserve Ratio on Private Sector…

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