₦airaland Forum

Has Nigeria Turned A Corner? Investors Think So

Nigeria’s fortunes appear to be looking up after nearly two years of painful economic reforms that triggered a cost-of-living crisis.

Improved security in its main oil-producing region has boosted earnings from crude, which generates about 80% of foreign-exchange inflows.

Daily output averaged 1.54 million barrels in January, a four-year high and exceeding the West African nation’s OPEC+ quota.

The pickup in revenue has helped stabilize the naira that plunged about 70% against the dollar since June 2023, when the central bank started allowing it to trade more freely.

Investors have taken note.

The extra yield they demand to hold the country’s dollar debt has fallen to a five-year low. And the main stock index is up 11% since the beginning of December, triple the gain posted by the MSCI developing-world equities index.

Nigeria, meanwhile, looks set to regain the mantle of Africa’s biggest economy (it currently ranks fourth) when the national statistics agency releases rebased figures next month. Gross domestic product is expected to be revised upward to almost $500 billion.

The release of overhauled inflation data on Tuesday was another boon. The measure fell to 24.5% from almost 35% a month before.

That could offer the central bank scope to trim its key interest rate when it meets on Thursday, giving consumer spending and the economy another lift.

The good news hasn’t come a moment too soon for President Bola Tinubu, whose attempts to steady the government’s finances have sent food and fuel prices soaring, and exacerbated hardship in a country where more than half the population lives below the poverty line.

Challenges remain to keep up the momentum, but the long-flailing economy does have a far better look.

https://www.bloomberg.com/news/newsletters/2025-02-18/next-africa-has-nigeria-turned-a-corner-investors-think-so

time for ipob to masturbate

How is it on the Rise when the cost of living continues to skyrocket on a daily basis?

Jones4190:
time for ipob to masturbate

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You know whats funny?

If this was a negative report, they'd tell you how Bloomberg is a reputable international source for Business and Economic related news, but now that its a positive news, they'd either call it propaganda or ask you some mumu question about hunger


It must be terrible to be them

Nigeria will be great again

EmperorCaesar:
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You know whats funny?

If this was a negative report, they'd tell you how Bloomberg is a reputable international source for Business and Economic related news, but now that its a positive news, they'd either call it propaganda or ask you some mumu question about hunger


It must be terrible to be them

Nigeria will be great again

Nigeria will be great again

Fidelity2050:
How is it on the Rise when the cost of living continues to skyrocket on a daily basis?

You are just one person...

The report captures a large sample involving over 200m people in a particular sector(Economics)

You lifestyle isnt the reflection of what an average Nigerian is going through

Wake up, Chukwuma

Fidelity2050:
How is it on the Rise when the cost of living continues to skyrocket on a daily basis?

There is inflation in every single country today. Even Americans are crying over inflation.

Is this not part of the millions of dollars that was paid to international propaganda media Houses to pi"mp the image of Nigeria talking ?

These clowns thinks every Nigerian is a BATist fool

Let it RICE abeg...

Asiwaju is the president

Make una go put mind at rest

We go soon see bitter leaf people coming on this thread to call it a propaganda. But if the story was other way round, that don't need scrutiny. Awon Alaye baje

EmperorCaesar:
You are just one person...

The report captures a large sample involving over 200m people in a particular sector(Economics)

You lifestyle isnt the reflection of what an average Nigerian is going through

Wake up, Chukwuma

Grow up. Eschew tribal sentiments. Don't let ur education be a total waste. Anybody who challenges APC or doesn't agree with whatever policy they come up with, is automatically an Igbo? It's really embarrassing. You're not enlightened at all. Grow up!

Article by a yoruba journalist with bloomberg. How can you use Dec 2004 as base year for inflation and not expect a favourable outcome. What it means is that if fuel was 1000 in December and its 942 in February. You then say inflation is falling. Nations use 4 years or 10 years back as base year. Nigeria uses 2 months back to calculate base year. If truly inflation is falling then cbn should reduce rates for local and foreign debt.

Until the time of repayment for loans used to execute inflated projects is due. Enjoy the rise.

Fidelity2050:
Grow up. Leave tribal sentiments. Don't let ur education be a total waste. Anybody who challenges APC or doesn't agree with whatever policy they come up with, is automatically an Igbo? It's really embarrassing. You're not enlightened at all. Grow up!

Would you have questioned this report if the story was about Nigeria economy declining.

Chronic Hatred for one's country no dey make person succeed in life

helinues:
Would you have questioned this report if the story was about Nigeria economy declining.

Chronic Hatred for one's country no dey make person succeed in life

No sensible person on nairaland can ever take you seriously.

Fidelity2050:
No sensible person on nairaland can ever take you seriously.

Who dah hell is this?

helinues:
Who dah hell is this?

That's how uncouth you are. It's evident

Fidelity2050:
That's how uncouth you are. It's evident

Again, who dah hell is this?

You said my opinion no matter, then tell us who are you, who sabi you anywhere not to talk of your opinions

Fidelity2050:
Grow up. Leave tribal sentiments. Don't let ur education be a total waste. Anybody who challenges APC or doesn't agree with whatever policy they come up with, is automatically an Igbo? It's really embarrassing. You're not enlightened at all. Grow up!

98% Igbo on Nairaland.

Online, ie social media, those insulting and attacking Nigeria are like 95% Igbos.

Really tragic. I wonder what they expect to gain from such behaviour.

nedu666:
Article by a yoruba journalist with bloomberg. How can you use Dec 2004 as base year for inflation and not expect a favourable outcome. What it means is that if fuel was 1000 in December and its 942 in February. You then say inflation is falling. Nations use 4 years or 10 years back as base year. Nigeria uses 2 months back to calculate base year. If truly inflation is falling then cbn should reduce rates for local and foreign debt.

Fidelity2050, you are didnt see this, right?

You commented after this and still didnt tell this person to grow up and stop making it tribal

Na who no get sense una dey gaslight. Hypocrites

Is like this Bank PH advert that promised cars will run on water. Bloomers is just lying, only Chineese and Asians investors doing illegal mining and shady businesses are coming in.

Please let's learn to leave ethnic sentiments aside and reason with logic and facts. Weather you support Tinubu or not, it's clear the economy is finally stabalizing. The Niara seems to have found a stable trading range against the dollar. This is mainly due to increassed crude ouput and aso the reduction in refined products to the local refinairies. A stable(ish) Niara in turn leads to stable(ish) inflation as we remain a mainly import based economy.
It's been rough but as Tinubu approaches his second year in office, there are finally signs of stablility in the economy. If the govt can now build on this with security in the North and reforms in the power sector, by this time next year we may have an even better story to tell. Let's put hands together to rebuild our great nation.

Shame on wailers, God bless Nigeria.

On the rise to where?

EmperorCaesar:
You are just one person...

The report captures a large sample involving over 200m people in a particular sector(Economics)

You lifestyle isnt the reflection of what an average Nigerian is going through

Wake up, Chukwuma

Olaniyi wey em brain dey la niyi will always bring in tribe into his comment.

Last year. APC Tinubu led government signed a lucrative agreement with bloomberg.

Credit alert don enter, bloomberg has started the propaganda work.

Let's hope this report is true.

na Toyota Brand products

Govt of propaganda by propaganda and for propaganda.

Wasting taxpayers money on useless PR(s) won't fix shiiit.

It is just to be giving Tulumbu slaves fake orgasms.

Propaganda machine at work.



😂😂😂😂😂😂😂