• World
  • Columnist
  • Commodities
  • WORLD BUSINESS & ECONOMY
  • Executive Knowledge Series
  • Finance
  • Manufacturing
  • Markets
  • Risk & Governance
  • Small Business
  • Technology, Media & Innovation
  • Comments
  • Business AM WebTV
  • Login

Businessamlive
  • FRONTPAGE
  • FINANCE
    • AllAsset ManagementAuditBankingBondBudgetCapital MarketsC&I LeasingCurrencyDealDebt marketForexFund RaisingFundingGovernmentHedge FundsInsuranceInvestmentInvestorInvestor ServicesMergers & AcquistionsMoney marketTreasury BillsMortgagePensionsPersonal financePonziQuantitative EasingshareTaxationTSAWealth Management
      Finance

      Amidst N32.22trn public debt, analysts say Nigeria’s external debt service manageable

      47 min

      Finance

      Stringent regulations, business environment forced Stanbic IBTC out of BDC business

      January 15, 2021

      Finance

      Cautious equities trading see gains in Flour Mills, Mobil, Wapco push market cap to ₦21.09trn

      January 15, 2021

      Finance

      CBN issues guidelines for QR codes operation in Nigeria

      January 15, 2021

  • MARKETS
  • ECONOMY
    • AllAfricaAgricAirportsAmericaAsiaAustraliaBreakthroughDealEuropeForeign InvestmentsforexGlobal marketGovernanceIMFMiddle EastNECANigeriaOutlookRich listSouth AfricaSport BusinessTradeU.KWest AfricaWorld Economic forum
      Technology

      Africa data centre market to outpace $3bn by 2025, says Turner & Townsend

      19 hrs

      Commodities

      Wheat soars as Russia considers export tax

      19 hrs

      WORLD BUSINESS & ECONOMY

      Only 20% of UK financial services professionals believe firms possess ethical commitment

      January 16, 2021

      Frontpage

      Moody’s sees negative 2021 outlook for sub-Saharan Africa, with severe economic challenges

      January 15, 2021

  • COMMODITIES
  • ENERGY
    • AllConferenceElectricityOil and GasPowerRenewable
      Frontpage

      Nigeria aims for cost efficiency, safety, value in oil sector with centre of excellence

      < 1 min

      Frontpage

      Sustainable energy: Minister estimates solution to cost Nigeria $4bn in annual spend

      58 min

      Frontpage

      NNPC receives $120.49m crude oil receipt in September  

      January 18, 2021

      Frontpage

      NNPC moves to rehabilitate downstream infrastructure, openscontract bids

      January 15, 2021

  • TECHNOLOGY
  • MANUFACTURING
  • ANALYSIS
    • Analyst Insight

      CBN meeting and NSE in focus

      January 18, 2021

      Analyst Insight

      Once again, fiscal stimulus takes centre stage

      January 18, 2021

      Analyst Insight

      Organisations must learn from the WhatsApp story  

      January 18, 2021

      Analyst Insight

      Data privacy maturity model in organisations

      January 11, 2021

Frontpage

Nigeria business expectation survey indicates growth in all levers of the economy

April 17, 2018702 views0 comments

Respondents to the Central Bank of Nigeria’s (CBN’s) March 2018 Business expectations survey have expressed greater optimism on economic conditions for the month of April and beyond.

The respondents positions is indicative of an improved outlook for economic expansion in Nigeria and their sentiment is echoed by several international organizations who expect a stronger pace of expansion for the Nigerian economy in 2018.

Specifically, the International Monetary Fund (IMF), the World Bank and the Institute of International Finance (IIF) have respectively forecast 1.9 percent, 2.5 percent and 2.2 percent real GDP growth rates for the economy representing a modest recovery from the 0.8 percent recorded in 2017.

Godwin Emefiele, Nigeria’s Central Bank governor and Kemi Adeosun, the minister of finance

“Whilst we note the underlying factors responsible for these expectations – stronger oil prices and production levels, relative FX stability, improving business environment, as well as anticipated economic boost from fiscal spending – respondents to the survey believe that age-old constraints such as power supply and high interest rates among others could cap the pace of expected growth,” analysts at Vetiva Capital noted.

Read Also:

  • Stringent regulations, business environment forced Stanbic IBTC out of…
  • Analysts warn of economy unhinged as inflation bites
  • CBN issues guidelines for QR codes operation in Nigeria
  • Nigeria can generate 30,000MW of electricity by 2030, say GenCos
  • Nigeria’s railway e-ticketing platform launch set for next week

They added that in line with the general optimism for the year, they forecast a 2.4 percent real GDP growth for 2018.

Commenting on market activities for the week, the Vetiva analysts foresee healthy liquidity spurs and steep decline in yields.

They said with the CBN refraining from any liquidity mop up at week open, saw interbank call rate declining 67bps to settle at 2.33 percent with bulls ruling the T-bills space largely buoyed by healthy system liquidity, which drove yields 101bps lower on average Monday.

“Bullish sentiment was similarly strong in the bond market as yields on benchmark notes moderated 21bps on average.

“We expect healthy system liquidity (₦476 billion) to support further bullish sentiment Tuesday, albeit tempered by any CBN liquidity mop up,: they noted.

Share on Facebook Tweet Email
TagsCBN Central Bank of Nigeria
PreviousChina slams U.S. sorghum imports with 179% deposit amid trade war worries
NextIMF says global economy will slow after 2019 on escalating trade tensions

Leave a comment

- Cancel reply

MARKET DATA

Market Videos

Recent Posts

  • Nigeria aims for cost efficiency, safety, value in oil sector with centre of excellence
  • Naira down N3 at N475/$1 in street trading as T-Bills market put up bearish outing
  • Despite low risk appetite: NSE Lagos pulls stellar performance, outshines Jo’burg, Nairobi exchanges
  • Amidst N32.22trn public debt, analysts say Nigeria’s external debt service manageable
  • Sustainable energy: Minister estimates solution to cost Nigeria $4bn in annual spend

World

Africa

Buhari, Okonjo-Iweala congratulate Adesina over reelection as AfDB President

Europe

EU businesses to cut investments in 2020, says EIB report

America

U.S. increases cost of visa application for Nigerians

Africa

Thatcher-Loving Nigeria Candidate Plans to Overhaul Economy

Africa

AfDB scales up industrialization pace on the continent, delivers improved business access to finance, skills, energy

Frontpage posts

0

Standard & Poor’s revises Nigeria’s outlook to negative

Frontpage March 3, 2020

1
2

Nigeria’s Central Bank will keep policy tight, Nnanna Says

Frontpage May 20, 2017

3

External reserves fall by $2.3bn on plunging oil price

Frontpage March 14, 2020

4

Nigeria must improve governance to build resilient economy

Frontpage March 30, 2020

5

Stocks halt losses, post N38bn gain

capital market July 8, 2020

SUPPORT

  • Photo Gallery
  • Help Centre
  • About Us
  • Accessibility

LEGAL & PRIVACY

  • Terms & Conditions
  • Privacy
  • Cookies
  • Copyright

SERVICES

  • Conferences & Events
  • Analysts Research
  • Advertising Rate
  • Ebooks

TOOLS

  • Portfolio
  • Newsletters
  • News feed
  • Currency Converter

SUBSCRIBE

Join us to get latest updates on business related news.

[mc4wp_form id="3076"]
  • ABOUT US
  • CONTACT US
  • CAREERS
  • TERMS & CONDITIONS
  • PRIVACY POLICY
Copyright 2017. All rights reserved. BusinessAMLive. A Businessnewscorp Member Company.