Macroeconomic Report & Economic Updates

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…

Download Label
March 13, 2018 - 4:00 am
application/pdf
1.00 MB
v.1.7 (stable)
Read →

November 21, 2018

Nigeria Economic Update (Issue 45)

According to the latest CBN financial inclusion report, overall progress towards achieving the Nigeria Financial Inclusion Strategy (NFIS) fell short of the annualized target in 2017. The World Bank’s Findex…

Download Label
March 13, 2018 - 4:00 am
application/pdf
981.07 kB
v.1.7 (stable)
Read →

November 14, 2018

Nigeria Economic Update (Issue 44)

At N4,401.91 billion or 7.7 per cent of GDP, gross federally collected revenue for the first half of 2018 was 33.7 percent below the proportionate budget estimates but 47.1 percent…

Download Label
March 13, 2018 - 4:00 am
application/pdf
846.79 kB
v.1.7 (stable)
Read →

November 6, 2018

Nigeria Economic Update (Issue 43)

The CBN quarterly consumer expectation survey shows that consumers expressed optimism as outlook for the third quarter of 2018 was positive. Relative to 2018Q2, consumer index increased from -6.3 index…

Download Label
March 13, 2018 - 4:00 am
application/pdf
883.98 kB
v.1.7 (stable)
Read →

October 29, 2018

Nigeria Economic Update (Issue 42)

The recent compilation of Gross Domestic Product (GDP) at sub-national level by the NBS provides estimates for eleven states for a five-year period covering 2013-2017. The eleven states covered, contributed…

Download Label
March 13, 2018 - 4:00 am
application/pdf
963.08 kB
v.1.7 (stable)
Read →

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…

Download Label
March 13, 2018 - 4:00 am
application/pdf
960.13 kB
v.1.7 (stable)
Read →

October 17, 2018

Nigeria Economic Update (Issue 40)

The World Bank’s recent Africa Pulse publication reveals a revised 2018 growth rate forecast for Nigeria from the earlier projected 2.1 percent to 1.9 percent1 – representing a slight downward…

Download Label
March 13, 2018 - 4:00 am
application/pdf
951.14 kB
v.1.7 (stable)
Read →

October 15, 2018

Nigeria Economic Update (Issue 39)

Nigeria’s all products terms of trade (calculated as the receipts of exports as a percentage of payments for imports), indicated increases in the three months of 2018Q2. Indexed at an…

Download Label
March 13, 2018 - 4:00 am
application/pdf
989.85 kB
v.1.7 (stable)
Read →

October 4, 2018

Nigeria Economic Update (Issue 38)

The 2017 budget implementation report shows a paltry average performance in 2017, compared to the projections contained in the budget. The actual oil and non-oil revenue generated were N1.1 trillion…

Download Label
March 13, 2018 - 4:00 am
application/pdf
919.22 kB
v.1.7 (stable)
Read →

September 24, 2018

Nigeria Economic Update (Issue 37)

The recent report by United Nations Development Programme (UNDP) shows that Nigeria’s Human Development Index (HDI) value rose very marginally from 0.530 in 2016 to 0.532 in 20171. However, overall,…

Download Label
March 13, 2018 - 4:00 am
application/pdf
921.02 kB
v.1.7 (stable)
Read →

September 19, 2018

Nigeria Economic Update (Issue 36)

Total value of Nigeria’s merchandise trade contracted in 2018Q2. Valued at N6.6 trillion1, total trade fell quarter-on-quarter by 8.9 percent from the N7.2 trillion recorded in the previous quarter. Both…

Download Label
March 13, 2018 - 4:00 am
application/pdf
986.98 kB
v.1.7 (stable)
Read →

September 10, 2018

Nigeria Economic Update (Issue 35)

Latest data from the CBN shows that Nigeria’s external reserves fell significantly in August 2018. As at the end of July, the reserve stood at $47.11 billion; it dropped to…

Download Label
March 13, 2018 - 4:00 am
application/pdf
677.97 kB
v.1.7 (stable)
Read →

September 4, 2018

Nigeria Economic Update (Issue 34)

Total capital imported into Nigeria declined in 2018Q2, compared to 2018Q1 – the first quarterly decline since 2017Q1. At $5.5 billion in 2018Q21, capital importation dropped by 12.5 percent from…

Download Label
March 13, 2018 - 4:00 am
application/pdf
982.13 kB
v.1.7 (stable)
Read →

September 3, 2018

Nigeria Economic Update (Issue 33)

Media highlights suggest that leading manufacturers quoted in the Nigerian Stock Exchange, NSE, which operate across sectors have recorded significant upsurge of 20.2 percent in their operating expenses, OPEX, in…

Download Label
March 13, 2018 - 4:00 am
application/pdf
923.98 kB
v.1.7 (stable)
Read →

September 3, 2018

Nigeria Economic Update (Issue 32)

Nigeria’s infrastructure stock, comprising of roads, water-ways, seaports, airports, etc, increased slightly albeit a slower pace in recent years. At an estimated 35 percent of GDP in 2018, infrastructure stock…

Download Label
March 13, 2018 - 4:00 am
application/pdf
957.14 kB
v.1.7 (stable)
Read →

September 3, 2018

Nigeria Economic Update (Issue 31)

Data from the NBS on mining and quarrying in Nigeria show an increase in the quantity of solid minerals produced in 2017. Precisely, Nigeria produced 45.75 million tons of solid…

Download Label
March 13, 2018 - 4:00 am
application/pdf
959.44 kB
v.1.7 (stable)
Read →