We offer our financial advisory Services in the area of Market Entry Research, Feasibility Studies, Tax advisory and International Trade Facilitation. Our Focus and service offering is purely geared towards Small and Medium Enterprises (SME’s) with a turnover range of 0 – 400 million Naira per annum. Our Team of Professionals advisors can assist in Business Start-up Ventures providing end to end solutions in the following area banking Relationships, Cash Management services, Legal advisory and company Secretarial Services.
Our team of Experience Experts can help individuals or companies meet their financial objectives
Source: African Development Bank
Nigeria Economic Outlook
Economic growth cooled in the first quarter of the year due to a further deterioration in the key oil sector. This more than offset a strong performance in the services sector leading non-oil sector activity to firm. Second-quarter data paints a mixed picture. Private-sector operating conditions improved at a fractionally slower pace in April–May, while credit growth was also broadly stable in April. That said, inflation rose markedly in the same month. A pickup in core inflation highlights that price pressures are farther-reaching than energy and food price increases. Meanwhile, sectarian violence spread to the country’s relatively safe south-western region. Social tensions and violence could increase going forward, as religious and regional divides are heightening the stakes of the February 2023 presidential elections.
Nigeria Economic Growth
The economy will grow at a softer pace this year. Inflation will remain elevated, eating into consumers’ pockets. Power supply issues will further jeopardize activity. Moreover, social rifts and violence ahead of the February 2023 elections could undermine momentum. The government’s investment push should support activity, however. FocusEconomics panelists see GDP growth coming in at 3.0% in 2022, which is up 0.2 percentage points from last month’s forecast, and 3.0% in 2023.