On the global scene, a number of recent developments have noticeably impacted outcomes and outlooks especially in emerging market economies including Nigerian. These include: i. Rising global interest rate due to sustained tightening stance in advanced economies which consequently fragilities,  and  unfortunately  imbalances  and  heightened  vulnerabilities  in  emerging markets.
The Fed fund rate was raised steadily to 2.25 percent in September 2018 with a promise for one more hike before the end of 2018 and three more in 2019. Similarly, the Bank of England raised its policy rate in August 2018 for the first time since 2008.