Equity markets tend to decline in periods of recession and Nigeria is no exception. Equity capital markets unlike bond markets, tend to bear the initial brunt of a recession, as seen in the absence of IPOs and FOs in 2016. However, we expect to see activity pick up in the equity capital markets in 2017 as the Naira begins to stabilize, investors regain confidence, and issuers who paused their plans due to uncertainty, access the market again.
Prior to the recent decline in the price of crude oil, Nigeria enjoyed strong economic growth at a CAGR of 5.3%, post- rebasing3. However, this growth did not translate perception into social development as high poverty and inequality levels persist
PwC's Annual transparency report
Get updates and latest information on happenings around taxation in Nigeria and Globally
This review of developments in the African oil and gas industry is our sixth in a series of reviews of the sector.
This report provides a detailed account of the 2015 edition of the annual PwC Power and Utilities Roundtable. It features the discussion papers presented at the event as well as the opinions shared by stakeholders in attendance towards transforming the sector in Nigeria
The 3rd edition of our "Financial Focus" gives a good understanding of current trends in the financial services sector in Nigeria – Learn more
Get all publications and materials from the Debt Restructuring Breakfast event session
We’ve identified six goods and service exports that we expect will offer UK businesses the greatest potential for growth. These goods and services reflect the UK’s comparative advantage and Nigeria’s likely import pattern as it develops