Nigeria’s Equity Market Boosted by 2018 Projections and Policy Shifts

Analysts at FSDH Merchant Bank Limited anticipate that Nigeria's equity market will gain momentum in 2018 due to anticipated business profit growth and consumer income expansion following last year's recession.

The central bank's introduction of the Investors’ and Exporters’ (I &E) window and foreign exchange market liberalization increased dollar supply, easing financial pressures for manufacturers such as Nestle.

Banks reported a 12 percent rise in non-interest income to N738.45 billion in September 2017, reflecting stronger liquidity and business activity.

The Nigerian Stock Exchange achieved global third place in 2017 performance, indicating robust market conditions amid improved business activity as confirmed by the December 2017 Purchasing Managers’ Index.

Analysts at FSDH Merchant Bank Limited predict Nigeria's equity market will benefit from 2018 projections of higher business profits and consumer income growth after last year's recession.

Central bank policies including the Investors’ and Exporters’ (I &E) window and foreign exchange market liberalization boosted dollar supply, easing financial constraints for manufacturers like Nestle.

Banks recorded a 12 percent increase in non-interest income to N738.45 billion in September 2017, reflecting heightened liquidity and business activity.

The Nigerian Stock Exchange ranked third globally in 2017 performance, supported by improved business conditions as shown in the December 2017 Purchasing Managers’ Index report.