Nigeria’s August PMI:Private Sector Recovery Gains Momentum, but Industry Still Lags
Summary Nigeria’s recovery is starting to look more credible, but until we see a clear uptick in industrial demand, the economy still hasn’t managed to transform macroeconomic stabilization into a broad-based cycle of stronger corporate earnings and improved living standards for the man on the street. Where We’re Coming From Nigeria’s private-sector activity strengthened further […]
Nigeria’s July PMI: Demand Recovers, but Industry Remains the Missing Link
Summary: Nigeria’s private-sector activity strengthened in July, with the Composite Purchasing Managers’ Index (PMI) rising to 51.1 from 50.1 in June, marking a second consecutive month of expansion. More importantly, the improvement was underpinned by stronger demand, as New Orders rose to 50.8 from 49.0 and Output increased to 51.8 from 50.5. The recovery, however, […]
Looking Beyond the War
Discussion Point: Wars create short-term uncertainty and volatility, but history shows that the real investment opportunity lies in the policy response particularly how energy shocks force structural reforms, infrastructure spending, and sector rotation. War always dominates the headlines. It shapes global policy and forces volatility into every chart we watch. But if you’ve spent enough […]
Fed Rate Decision: Nigeria’s Market Playbook
Markets are braced for the Fed’s next move. A cut would cheapen dollars, revive global carry, and pull capital toward high-yielding markets like Nigeria. If U.S. rates come down, the dollar weakens and global investors turn to carry trades, borrowing cheap in the U.S. and investing in higher-yielding markets. Nigeria is one of the few places […]
5 Compelling Reasons to Invest in Presco Plc Shares
Presco Plc (NGX: PRESCO) stands out as one of Nigeria’s leading agro-industrial producers of palm oil and related products. Below are five key reasons why allocating capital to Presco shares could be a smart move for investors. Discussion Points • Presco’s Q1 2025 earnings and margin profile• Value‑chain integration and capital efficiency• Strategic expansion in West Africa• […]