Macroeconomic Report & Economic Updates
Nigeria Economic Update (Issue 28)
Information from the Apex bank shows a likelihood of not attaining the financial inclusion target of 2020 as stated in the Nigeria Financial Inclusion Strategy (NFIS) of 2012. Precisely, the…
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Nigeria Economic Update (Issue 27)
Analysis of transactions at the stock market for the month ended May 2018 reveals an increase in the total transaction by a significant 50 percent. From N212.2 billion recorded in…
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Nigeria Economic Update (Issue 26)
Figures from the Debt Management Office show a remarkably high percentage change in debt servicing for the first quarter, 2018. Specifically, the Federal Government paid N643 billion for domestic debt…
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Nigeria Economic Update (Issue 25)
The recent report on Nigeria’s Public Debt Stock for the first quarter of 2018 indicates a 4.5 percent Quarter-over-Quarter increase, from N21.7 trillion in Q4 2017 to N22.7 trillion1, and…
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Nigeria Economic Update (Issue 24)
Agricultural sector exports increased at a remarkable pace in 2017. Total earnings from agricultural export goods grew by 181 percent to N170.4 billion1, compared to the N60.7 billion earned in…
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Nigeria Economic Update (Issue 22)
Recently released demographic figures by the NBS shows an upward progression in population and its composition. Specifically, Nigeria’s population reached 193 million in 2016, growing at an annual average of…
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Nigeria Economic Update (Issue 21)
As expected, the Monetary Policy Committee left the policy interest rate (MPR) and other parameters unchanged. At 14 percent, the MPR has been left unchanged for the 10th consecutive period1;…
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Nigeria Economic Update (Issue 20)
Recently released GDP report for the first quarter of 2018 shows a stronger growth in GDP, relative to the corresponding quarter of 2017. Driven particularly by growth in the Oil…
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Nigeria Economic Update (Issue 19)
Capital imported into Nigeria, maintained an upward trajectory in 2018Q1, following three consecutive quarterly increase. Specifically, capital importation rose to $6.30 billion in 2018Q11– a remarkable Year-on-Year growth of 594…
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Nigeria Economic Update (Issue 18)
According to the World Bank, poverty level in Nigeria increased in 2017 with almost half the Nigerian population living in extreme poverty. As stated in the “Nigeria Biannual Economic Update”…
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Nigeria Economic Update (Issue 17)
Media highlights show that recent figures from the Nigeria Investment Promotion Council (NIPC) reveals a progressive inflow of capital into Nigeria. Specific figures indicate that Nigeria’s actual capital investment inflow…
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Nigeria Economic Update (Issue 9)
Nigeria’s Gross Domestic Product (GDP), maintained positive growth rate two quarters after emergence from recession in 2017Q2, thus consolidating the recovery process. Specifically, real GDP grew by 1.92 percent in…
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Nigeria Economic Update (Issue 7)
Month-on-Month analysis of food prices show that average prices of selected food items reduced from December 2017 to January 2018. Precisely, total average month-on-month price decreased from 2.48 percent to…
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Nigeria Economic Update (Issue 6)
The federal government fiscal operations in 2017 shows that there were deficits for the four quarters recorded. The CBN report reveals that the federal government spent a total of N147.11…
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Nigeria Economic Update (Issue 10)
The national accounts for 2017Q4 show that the aviation sector grew year-on-year by 4.7 percent in real terms – significantly higher than the 0.48 percent in preceding quarter but significantly…
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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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