Macroeconomic Report & Economic Updates

October 6, 2016

Nigeria Economic Update (Issue 42)

NSE market indices recorded a bear market rally for the third consecutive week
in September. Specifically, All-share index and Market Capitalization increased
marginally by 0.31 percent to close at 28,335.40 points and N9.73 trillion
respectively on September 30, 2016. Major drivers of the rally include;
increased trade-volume of financial, agricultural and consumer-goods
securities. The continued rise in market indices may be connected to a
sustained investor confidence in the agricultural and financial sectors on the
account of the ongoing activities of the government and the CBN to stabilize
the sectors.

Download Label
March 13, 2018 - 4:00 am
620.39 kB
v.1.7 (stable)



Nigeria Economic Chart Pack (2016H1)

The Nigeria Economic Chart Pack is a graphical display of relevant and periodic data to capture trends in the domestic economy. The report aims to illustrate the changes in economic trends with the aid of descriptive charts and a short note that describes the trend and drivers for the graphs.

Nigeria Economic Update (Issue 20)

Power sector analysis shows an increase in power generated by 15.5 percent from 3639.2 megawatt to a peak of 4196.2 megawatt between April 22, 2016 and April 29, 201612, albeit a sharp fall to 25.2 megawatts on April 23, 2016 following a system collapse13. In a bid to attain the targeted 10,000 megawatts by 2019, the Federal Government is set to complete the ongoing 47 power transmission projects across the country, which would boost power supply14. However, the delays in passing the budget into law is a major constraint to the completion of the projects. Thus government needs to speed-up the passage of the 2016 budget to provide the funds to complete the projects.

Nigeria Economic Update (Issue 18)

Recent Data released by the Nigeria Bureau of Statistics reveals an increase in total public debt stock between 2015 and 2016. Foreign and domestic debt stock stood at $11.4 billion and N14.0 trillion respectively as at December 2016, from $10.7 billion and N10.5 trillionrecorded as at December 2015. Disaggregated data shows that foreign debt sources comprised Multilateral ($8.0 billion), Bilateral ($0.2 billion) and Exim bank of China ($3.2 billion); domestic sources included government bonds, treasury bills and bonds. The federal government and states accounted for 68.7% and 31.3% respectively of foreign debt stock; 78.9% and 21.1% respectively of domestic debt stock. This maybe particularly at the backdrop of government borrowings in 2016 to finance its expenditure (mostly recurrent).