meghna final

7/29/2019 Meghna Final

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NIGERIA POPULATION


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The total population in Nigeria was last recorded at162.5 million people in 2011 from 45.2 million in 1960,changing 260 percent during the last 50 years.Population in Nigeria is reported by the World Bank.

Historically, from 1960 until 2011, Nigeria Populationaveraged 92.0 Million reaching an all time high of162.5 Million in December of 2011 and a record low of45.2 Million in December of 1960. The population of

Nigeria represents 2.35 percent of the worlds totalpopulation which arguably means that one person inevery 43 people on the planet is a resident of Nigeria.


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NIGERIA UNEMPLOYMENT RATE


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Unemployment Rate in Nigeria increased to 23.90percent in 2011 from 21.10 percent in 2010.Unemployment Rate in Nigeria is reported by theNational Bureau of Statistics. Historically, from

2006 until 2011, Nigeria Unemployment Rateaveraged 14.6 Percent reaching an all time highof 23.9 Percent in December of 2011 and a recordlow of 5.3 Percent in December of 2006. In

Nigeria, the unemployment rate measures thenumber of people actively looking for a job as apercentage of the labour force.


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TRADE


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Nigeria recorded a Current Account surplus of 11.60 percent of thecountry's Gross Domestic Product in 2011. Current Account to GDPin Nigeria is reported by the African Economic Outlook. Historically,from 1980 until 2011, Nigeria Current Account to GDP averaged 1.2Percent reaching an all time high of 37.9 Percent in December of

2008 and a record low of -18.7 Percent in December of 1986. TheCurrent account balance as a percent of GDP provides an indicationon the level of international competitiveness of a country. Usually,countries recording a strong current account surplus have aneconomy heavily dependent on exports revenues, with high savingsratings but weak domestic demand. On the other hand, countries

recording a current account deficit have strong imports, a lowsaving rates and high personal consumption rates as a percentageof disposable incomes.


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NIGERIA BALANCE OF TRADE


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Nigeria recorded a trade surplus of 3.38 USD Billion in September of2012. Balance of Trade in Nigeria is reported by the Central Bank ofNigeria, National Bureau of Statistics. Historically, from 2002 until2012, Nigeria Balance of Trade averaged 2.22 USD Billion reachingan all time high of 6.17 USD Billion in May of 2008 and a record low

of -0.36 USD Billion in June of 2003. Exports of commodities (oil andnatural gas) is the main factor behind Nigeria's growth and accountsfor more than 95% of total exports. Nigeria's main exports partnersare: USA (30% of total in 2009), Equatorial Guinea (8%), Brazil(6.6%), France (6%) and India (6%). Nigeria imports mainly:industrial supplies (32% of total), transport equipment and parts

(23%), capital goods (24%), food and beverage (11%) and consumergoods. Main import partners are: China (17% of total), Albania(11.3%), United States (7.5%), France and Belgium.


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NIGERIA EXPORTS


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Exports in Nigeria decreased to 7.93 USD Billion inSeptember of 2012 from 8.67 USD Billion in August of2012. Exports in Nigeria is reported by the Central Bankof Nigeria, National Bureau of Statistics. Historically,

from 2002 until 2012, Nigeria Exports averaged 4.89USD Billion reaching an all time high of 10.26 USDBillion in May of 2008 and a record low of 1 USD Billionin February of 2002. Exports of commodities (oil andnatural gas) is the main factor behind Nigeria's growth

and accounts for more than 95% of total exports.Nigeria's main exports partners are: USA (30% of totalin 2009), Equatorial Guinea (8%), Brazil (6.6%), France(6%) and India (6%).


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NIGERIA IMPORTS


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Imports in Nigeria increased to 4.55 USD Billion inSeptember of 2012 from 3.98 USD Billion in August of2012. Imports in Nigeria is reported by the CentralBank of Nigeria, National Bureau of Statistics.

Historically, from 2002 until 2012, Nigeria Importsaveraged 2.67 USD Billion reaching an all time high of7.52 USD Billion in August of 2011 and a record low of0.47 USD Billion in December of 2002. Nigeria importsmainly: industrial supplies (32% of total), transport

equipment and parts (23%), capital goods (24%), foodand beverage (11%) and consumer goods. Main importpartners are: China (17% of total), Albania (11.3%),United States (7.5%), France and Belgium.


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NIGERIA GOVERNMENT BOND 10Y

Nigeria's Government Bond Yield for 10 Year Notes declined 54basis points during the last 30 days which means it became lessexpensive for Nigeria to borrow money from investors. During thelast 12 months, Nigeria government bond yield declining 3.97percent. Historically, from 2007 until 2013, Nigeria Government

Bond 10y averaged 11.3 Percent reaching an all time high of 16.5Percent in February of 2012 and a record low of 5.9 Percent inMarch of 2010. Generally, a government bond is issued by anational government and is denominated in the country`s owncurrency. Bonds issued by national governments in foreigncurrencies are normally referred to as sovereign bonds. The yield

required by investors to loan funds to governments reflects inflationexpectations and the likelihood that the debt will be repaid.


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NIGERIAN NAIRA

The USDNGN spot exchange rate depreciated0.5750 or 0.36 percent during the last 30 days.Historically, from 1960 until 2013, the USDNGNaveraged 115.7500 reaching an all time high of

164.8000 in December of 2011 and a record lowof 0.5300 in October of 1980. The USDNGN spotexchange rate specifies how much one currency,the USD, is currently worth in terms of the other,

the NGN. While the USDNGN spot exchange rateis quoted and exchanged in the same day, theUSDNGN forward rate is quoted today but fordelivery and payment on a specific future date.


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NIGERIA STOCK MARKET (NSE 30)

Stocks in Nigeria had a positive performance during thelast month. Nigeria Stock Market (NSE 30), rallied 58points or 4.44 percent during the last 30 days.Historically, from 2010 until 2013, Nigeria Stock Market

(NSE 30) averaged 1054 Index points reaching an alltime high of 1385 Index points in January of 2013 and arecord low of 848 Index points in January of 2010. TheNigerian Stock Exchange NSE 30 Index is a major stockmarket index which tracks the performance of 30 most

liquid stocks representing industry sector, listed on theNigerian Stock Exchange. It is a capitalization-weightedindex. The NSE 30 Index has a base value of 1000 as ofJanuary 1, 2007

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