Nigeria plans for the 2017 fiscal year with a budget of NGN7.3trillion (USD23.9billion), a 20.4% y/y increase, targeted at restoring the economy to the path of sustainable and inclusive growth.
FinTech is a major disruptor in the financial services industry. Businesses are facing sweeping technological changes that will profoundly affect the way they do business. PwC’s Nigeria FinTech Survey Report assesses the rise of new technologies in the financial services (FS) sector and their impact on market players.
Strategic and Emerging Trends in Insurance Markets in Nigeria. This is our sixth survey on insurance markets published by PwC on the continent.
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The new pension scheme introduced a tripartite system with 3 key autonomous players to minimise the possibility of misappropriation of pension funds.
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Nigeria has the potential to become the hub of Africa's automotive industry. Home to an estimated 170 million people.
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
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