Growth in the largest economy in Africa slowed to 2.01% during the first quarter of 2019
Author: Lukman Otunuga
Markets remain uncertain at this point in time as to whether the weeks long US-China trade dispute actually spells trade doom.
The move could be a welcome development for local shares and the Naira.
Rising trade tensions between the world’s two largest economies have put emerging market assets under pressure.
Market players will be looking to see whether improving domestic conditions have translated to a drop in the unemployment rate.
Should economic data from the UK continue to improve and more clarity is offered on Brexit, the BoE will have a valid argument for taking action.
Such a development will add to the positive sentiment that has already been lifted by rising Oil prices.
Gold remains protected by concerns over slowing global growth, Brexit, geopolitical risks and a dovish Federal Reserve
Market players will be keeping a close eye on whether inflationary pressures have cooled further in March
Nigeria still needs to break away from Oil and derive growth from other sustainable sources.