Global

Nigeria's multi-faceted problems

  • Nigeria lost out on US$1.8bn due to oil production shortfalls in Q1 22 and might not benefit from increased OPEC quota

  • Mobile money growth in Africa has been impressive, but taxes and levies put it at risk

  • Our outlook for inflation stands. The next few months will be tough for African countries

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This report is independent investment research as contemplated by COBS 12.2 of the FCA Handbook and is a research recommendation under COBS 12.4 of the FCA Handbook. Where it is not technically a research recommendation because the subject of the research is not listed on any European exchange, it has nevertheless been treated as a research recommendation to ensure consistent treatment of all Tellimer's research. This report has been produced by the analyst(s) named above (the "Analyst").

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