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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