According to the most recent Cadre Harmonise (CH) report released by the International Rescue
Committee (IRC), in collaboration with other international organizations, 16% of Nigerians (approximately 31.8 million persons) are expected to face severe food crisis between June – August 2024. The Cadre Harmonisé (CH) analysis is a tool used to assess food security and nutrition situations in the Sahel and
West Africa region.
May 23, 2024
Nigeria Economic Update (Issue 18)
Related
Nigeria Economic Update (Issue 46)
The
Executive council recently approved a three-year external borrowing plan
(2016-2018) which specifies external borrowing of approximately $30 billion (to
be sourced mostly from MDBs) for infrastructure development.
Although, the plan is yet to be approved by the Senate, the planned concessional
loans for infrastructural development would imply inflows of foreign exchange which
could help moderate the exchange rate volatilities in the near term, and offer
potential improvement in business productivity and job creation.
Nigeria Economic Update (Issue 42)
The
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.