Brand Spur Issue 7 | Page 5

2016 was very tough year …

2016 was very tough year …

Negative GDP growth(-1.7 %)
Industry ratio of NPL up30.65 %( H1‘ 16) from 5.9 %( H2‘ 15)
High inflation( 18.55 %)
Currency depreciation
( IFEM: 305.9 Parallel: 490)
Fuel scarcity & subsidy removal
Oil production shortfall( 1.59mbpd)
40 % wiped off All Share Index( one of the worst performing stock markets in 2016)
Release of Chibok girls
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