Publications
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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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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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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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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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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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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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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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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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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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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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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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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Multidimensional Impact Evaluation:
Ending (extreme) poverty in all of its forms everywhere around the world continues to dominate the International Development Agenda (UN 2015). However, while poverty is declining in much of the…
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Nigeria Economic Update (Issue 46)
On a Month-on-Month basis, average growth rate of selected food prices decreased in October 2017. Precisely, contracting by 1.24 percent in October, average growth rate fell from 0.08 percent recorded…
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Nigeria Economic Update (Issue 47)
Recently released data by the Debt Management Office reveals a further increase in Nigerias debt stock as at the end of 2017Q3. Total debt stock stood at N20.37 trillion as…
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Nigeria Economic Update (Issue 45)
Crude oil prices recorded increase during the review week. Global benchmark, Brent price increased from $61.42 to $63.522. Nigerias Bonny light gained 9.6 percent to trade at $64.78 per barrel.…
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