Publications

March 9, 2018

Nigeria Economic Update (Issue 13)

Recent media highlights suggests that the Federal Government made a non-oil-based revenue of N1.27 trillion from operating surpluses between 2007 and 20161. The period which covers the years of operation…

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March 9, 2018

Nigeria Economic Update (Issue 11)

Nigeria’s debt profile reached unprecedented high levels at the end of the year 2017. Figures obtained from the debt management office reveals that debt stock increased Year-on-Year by a significant…

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March 9, 2018

Nigeria Economic Update (Issue 12)

According to data released by the National Bureau of Statistics, states generated about N931.2 billion altogether in 2017 fiscal year1, representing 12 percent above the N831.2 billion generated in 2016.…

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March 8, 2018

Nigeria Economic Update (Issue 16)

The World Economic Outlook report, recently released by the World Bank, reduced its growth projection for Nigeria to 2.1 percent in 20181, from 2.5 percent2. The new growth projection is…

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March 8, 2018

Nigeria Economic Update (Issue 15)

Consumer Price Index, the measure for inflation rate, declined (Year-on-Year) for the fourteenth consecutive month in March 2018. Headline inflation dropped to 13.34 percent1 – representing a marginal 0.99 percentage-points…

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March 8, 2018

Nigeria Economic Update (Issue 14)

Nigeria’s Apex bank held the first meeting of its reconstituted Monetary Policy Committee (MPC) for the year 2018. Following a detailed review of domestic macroeconomic events, the MPC deemed it…

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February 22, 2018

Nigeria Economic Update (Issue 5)

Recently released media highlights show that Nigeria has dropped in terms of macroeconomic indicator rankings in 2018. With a headline index of 2.77, Nigeria is ranked 158th globally out of…

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February 21, 2018

Nigeria Economic Update (Issue 8)

Global benchmark crude, Brent, sold for $66.43 per barrel, a little above 3.4 percent from the $64. 3 per barrel in the preceding week. Nigeria’s Bonny light exchanged for $65.71 per…

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February 12, 2018

Nigeria Economic Update (Issue 4)

Recently released labour force report by the NBS shows a quarter-over-quarter increase in Nigerias working age and labour force population. Working population rose from 110.29 million in 2017Q2, to 111.13…

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February 2, 2018

Nigeria Economic Update (Issue 3)

Recently released inflation rate report by the NBS shows a further decline in consumer price index in December 2017. At 15.37 percent, the CPI was 0.53 percentage points lower than…

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January 29, 2018

Nigeria Economic Update (Issue 2)

International rating body, Fitch, has projected higher economic growth for Nigeria in 2018. The body estimated that Nigerias economy will grow by 2.6 percent, slightly higher compared to projections from…

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January 15, 2018

Nigeria Economic Update (Issue 50)

In the third quarter of 2017, NBS report show that Nigeria recorded a marginal quarter-overquarter and significant Year-on-Year increases in the value (in Naira terms) of merchandise (goods) foreign trade.…

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January 15, 2018

Nigeria Economic Update (Issue 51)

According to figures released by the Nigeria Bureau of Statistics, employment growth lagged during the recession period, and worsened unemployment/underemployment rates few quarters after. Specifically, unemployment rate rose to 18.8…

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January 15, 2018

Nigeria Economic Update (Issue 1)

Nigerias external reserves improved in 2017. The reserve stood at approximately $39 billion as at the end of December 2017, up by about 50 percent from the $26 billion at…

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December 29, 2017

Nigeria Economic Update (Issue 48)

Data released by the National Bureau of Statistics shows that Internally Generated Revenue by states increased in 2017H1. The IGR increased from N392.1 billion in 2016H1, to N396.9 billion in…

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December 29, 2017

Nigeria Economic Update (Issue 49)

OPEC weekly basket price reduced from $61.14 to $60.73 per barrel (December 1 8, 2017). Similarly, Global oil benchmark crude sold for as low as $61.22 per barrel during the…

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