The increased act of terrorism by the Boko Haram sect is threatening
The Chief Executive Officer,
But analysts have warned that the country must show enough commitment to tackling the activities of the terrorist group going forward.
"Boko Haram insurgency continues to reduce the market size and production in the north-east/central regions," the FDC report stated.
Continuing, it noted that forex traders' sentiment in July was positive, thereby leading to exchange rate convergence between the official and interbank markets of 14.64 per cent to N6.12 According to the report, money supply (M2) increased to N15.93 trillion in June, representing a growth by 0.13 per cent month-on-month. However, on an annualised basis, it showed that M2 grew by 3.31 per cent, driven by an increase in both net domestic and foreign assets.
Money supply is expected to increase in the second half of 2014 due to increased government and security spending as well as the
The FDC report pointed out that at its current level of
Furthermore, it showed that real estate activities slowed down in July due the rains, saying that some players in the construction sector were gradually winding down operations due to political uncertainty.
"The sector remains attractive to foreign investors especially in Lekki due to upcoming developments - Dangote refinery, airport, seaport. There was increased demand for office space and flats in Ikoyi and
Hispanic #1 Breaking News for Entrepreneurs, Professionals and Small Business Owners - HispanicBusiness.com
OCTOBER 31, 2014
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