BMI View: Despite the fact that total trade is on the decline in Nigeria at present, and has been since 2011,
the country's main ports are, however, set to experience healthy enough growth over the short to medium
The outperforming Nigerian port in terms o ..."
BMI View: Although Nigeria's wider economy is characterised by an overreliance on oil exports and lack
of domestic productive capacity, the former does provide upside risk to our forecasts going forward, with
Nigerian ports set to reap the benefits over the medium ter ..."
BMI View: Nigeria's biggest ports are set for modest growth in 2015, with the Port of Lagos forecast to
grow 2.0% year-on-year (y-o-y), which is slightly below growth rates at the ports of Harcourt and Tincan
Island (2.5% and 2.4%, respectively). Meanwhile, the Port o ..."
We believe that restrictions on movement in West Africa at the time of writing, as a result of the Ebola
outbreak, will disrupt economic activity and lead to major delays and increased supply chain costs for
shippers in transporting their goods to and from the region, which wil ..."
Nigerian seaports registered a marginal rise of 0.04% year-on-year (y-o-y) in cargo import and export
volumes to 76,886,997mn metric tonnes (mmt) in 2013, compared with 76,855,754mmt in 2012, reports
Leadership Nigeria, citing the Nigerian Ports Authority (NPA). Howev ..."
We are forecasting that the Nigerian economy will expand by 7.0% in 2014, up from an estimated 6.7% in
2013 thanks to continued strong expansion in non-oil sectors. This positive environment is set to feed into
the country's shipping industry, which is set to enjoy a ..."
Although we are sticking with our view that the Nigerian economy will grow by a robust 7.0% in 2014, we
note that downside risks have increased over recent months. Specifically, ructions within the ruling party
and the uncertainty surrounding the identity of the centr ..."
The short- and medium-term picture for the Nigerian shipping sector appears rosy, with the country's five
main ports all projected to have performed well in 2013. Leading the way in terms of year-on-year tonnage
throughput is the Port of Tincan Island (10.79%), with P ..."
Nigeria's budget deficit is expected to narrow in 2013, to 1.5% of GDP, compared to an estimated 2.3% in
2012, on the back of improved revenue collection. However, risks are to the downside. Unforeseen
expenditures, most notably the large military push in the northern ..."
Crude oil still accounts for a vast majority of Nigerian exports, and the sector's performance dominates the overall trade account. The country has struggled in recent months with the sabotage of oil transport infrastructure and the theft of crude; issues which are unlikely to ce ..."