Economic Updates

May 28, 2019

Nigeria Economic Update (Issue 19)

Domestic oil production output increased to 1.82 million barrels per day (mbpd) in the month of April 20191. According to the global oil cartel, OPEC, Nigeria’s crude oil production rose…

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January 30, 2019

Nigeria Economic Update (Issue 2)

The amount of financial subsidy that Nigeria absorbs to maintain pump price at the official N145/litre has remained high. According to reports, the NNPC now pays N48.68 subsidy for a…

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January 15, 2019

Nigeria Economic Update (Issue 1)

Considered as a looming crisis, Nigeria’s unemployment rate has continued to deteriorate. Based on the new data released by the NBS unemployment rate stood at 23.1 percent in 2018Q31, up…

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December 23, 2018

Nigeria Economic Update (Issue 50)

The provisional Balance of Payment (BOP) estimates for 2018Q3 disclosed a significant reversal and deterioration in Nigeria’s BOP position, relative to the corresponding quarter in 2017 and 2018Q2. Overall BOP…

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December 22, 2018

Nigeria Economic Update (Issue 49)

Nigeria’s real GDP growth rate rose marginally Year-on-Year by 1.8 percent in 2018Q3, as against 1.5 percent recorded in the preceding quarter – a minor increase of 0.3 percentage points.…

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December 20, 2018

Nigeria Economic Update (Issue 48)

According to the NBS newly released data, total IGR generated by 36 states and the Federal Capital Territory for the first half of the year 2018 outperformed the comparable period…

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December 19, 2018

Nigeria Economic Update (Issue 47)

Recently released 2018 National Nutrition and Health Survey (NNHS) reveals that only 64 percent of children in Nigeria are growing healthily and are not stunted or frail1. The survey stated…

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November 28, 2018

Nigeria Economic Update (Issue 46)

Recent media reports reveal that Nigeria spent an alarming amount of N5.75 billion daily to service debts – summing up to a total of N1.07 trillion for the first half…

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October 26, 2018

Nigeria Economic Update (Issue 41)

The World Bank’s recently unveiled Human Capital Index ranks Nigeria at 152nd position out of the 157 countries surveyed, with a value of 0.34.  Nigeria is placed below several other…

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