Q1 GDP figures released today, showing that growth in Nigeria slowed to 4.0% y/y, support our view that the economy will perform poorly in 2015. Growth in both the oil and non-oil sectors was subdued in the first quarter. Weak growth and the stabilisation of the naira suggest that monetary tightening will be delayed until later in the year.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.