Economic Overview:Despite a 12% mini recovery from oil prices, the Naira endured a brutal quarter, l
osing as much as -9% value against the dollar.
Retail Market Overview:The retail market in the first quarter of 2015 began to feel the impact of the
failing Naira. With the afterglow of Christmas sale boom beginning to recede, retailers were
forced to come to terms with increasing dollar liabilities
on a reduced naira cash flow.
Market shifts and transactions:The market was relatively quiet this quarter with a lot of retailers
putting off firm commitments till after the elections.
Outlook and Pipeline:With the election firmly behind the nation and a smooth transition of government
expected, we anticipate activity to gather renewed pace.
