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Nigeria on the Road to Recovery with a Need to Focus on Job Creation, New World Bank Report Says
December 2, 2019--Nigeria's economy is recovering gradually from the 2016 recession, with growth projected to pick up from 1.9 percent in 2018 to 2 percent in 2019 and 2.1 percent in 2020-21, according to the latest World Bank Nigeria Economic Update (NEU).
This growth outlook is vulnerable to external and domestic risks, including geopolitical and trade tensions that may affect inflows of private investment.
With population growth (estimated at 2.6 percent) outpacing economic growth, per capita incomes are falling.
According to the report, Nigeria has the opportunity to advance reforms to mitigate these risks amid growing public demand for greater economic opportunities.
view the World Bank Nigeria Economic Update, Jumpstarting Inclusive Growth: Unlocking the Productive Potential of Nigeria's People and Resource Endowments report
Source: World Bank
JSE weaker as blue-chips struggle
November 29, 2019--The JSE slipped on Friday led by losses in the resources index where miners lost significant ground due to relatively weaker metal commodity prices.
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Source: FIN24
Nigeria Digital Economy Diagnostic: A Plan for Building Nigeria's Inclusive Digital Future
November 28, 2019--Nigeria is capturing only a fraction of its digital economic potential and will need to make strategic investments to develop a dynamic, transformative digital economy, according to a new World Bank assessment.
The Nigeria Digital Economy Diagnostic says that with improvements in digital connectivity, digital skills, digital financial services and other core areas of digital development, Nigeria can fully unleash new economic opportunities, create jobs and transform people's lives.
view the World Bank Nigeria Digital Economy Diagnostic Report
Source: World Bank
Small reprieve for the JSE
November 27, 2019--The JSE traded mostly flat to firmer on Wednesday as it attempted to gain traction after consecutive sessions of losses.
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Source: FIN24
Resources lift the all-share index
November 22, 2019--The local bourse got off to a slow start as it retreated marginally in earlier trading before it found momentum towards the afternoon session.
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Source: FIN24
SARB keeps rates unchanged as JSE closes softer
November 21, 209--Locally, the South African Reserve Bank decided to keep the repo rate unchanged at 6.50% as the bank reiterated that future policy decisions would continue to be data driven.
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Source: FIN24
JSE softer as inflation falls to lowest level in 8 years
November 20, 2019--The United States bill could potentially complicate the ongoing US-China trade talks which could result in a deal not being signed soon.
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Source: FIN24
JSE firmer as global markets remain buoyant
November 19, 2019--US indices recorded fresh all-time highs led by tech shares as the main equity bourses continued to show signs of resilience.
The upward momentum started off in Asia as the Hang Seng and Shanghai Composite Index closed 1.55% and 1% higher respectively.
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Source: FIN24
Industrials lead gains on the JSE
November 18, 2019--The local bourse took a leaf from the firmer closes in Asian markets where the Hang Seng and Shanghai Composite Index closed 1.35% and 0.8% higher respectively, while the Nikkei managed gains of 0.49%.
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Source: FIN24
JSE closes softer after flat session
November 15, 2019--The JSE closed softer on Friday as it lost momentum towards the close led by losses in the industrials and resources sectors.
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Source: FIN24
