Publications

November 6, 2017

Nigeria Economic Update (Issue 42)

Recently released survey report by the CBN shows an improvement in the availability of secured and unsecured banks credit and loans to households, corporate and small businesses in 2017Q3, and an…

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November 6, 2017

Nigeria Economic Update (Issue 43)

Crude oil prices have sustained upward increases for the past few weeks in October. While upward trajectory of crude oil prices is expected to be sustained in the short term…

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November 3, 2017

Nigeria Economic Update (Issue 41)

Latest World Economic Outlook (WEO) report by the International Monetary Fund reveals that Nigerias economy will grow by 1.9 percent in 2018 an unchanged stance from earlier projections. However, the…

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November 3, 2017

Infrastructure Financing In Nigeria:

Similar to most sub-Saharan African (SSA) countries, Nigeria has a huge infrastructure deficit which considerably limits efforts towards achieving inclusive growth, sustainable development, and poverty reduction. With infrastructure stock estimated…

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October 17, 2017

Electrification in Nigeria: Challenges and Way Forward

Although electricity has been generated in commercial quantities in Nigeria for over a century, the rate of electricity infrastructure development in the county is low and power supply remains inadequate.…

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October 16, 2017

Nigeria Economic Update (Issue 40)

Global crude prices settled lower in the review week (September 29 to October 6, 2017). Precisely, a barrel of Brent crude sold for about $56, showing a 6.3 percent decrease.…

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October 11, 2017

Nigeria Economic Update (Issue 38)

Available data from NBS shows that Aviation sub-sector of the transport sector grew by o.15 percent in real terms in 2017Q2 down from 1.53 percent in 2017Q15. The decline is…

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October 11, 2017

Nigeria Economic Update (Issue 39)

The monthly monetary survey by the CBN shows a decline in money supply for the month of August 2017, relative to July 2017. Narrow and broad money supply dropped by…

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September 25, 2017

Nigeria Economic Update (Issue 36)

Recently released GDP figures reveals that the three major sectors recorded positive and negative growth rates individually in 2017Q2. Firstly, Agricultural sector grew Year on Year by 3.01 percent, down…

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September 25, 2017

Nigeria Economic Update (Issue 37)

OPEC Monthly oil report reveals that Nigeria recorded the highest month-on-month increase in crude oil production among the OPEC member countries in August 2017. Specifically, at an increasing rate of…

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September 25, 2017

Africa Economic Update (Issue 8)

Economic growth in Africas largest economies improved in the second quarter of 2017 (2017Q2) relative to the preceding quarter (2017 Q1), as Nigeria and South Africa exited recession. Specifically, GDP…

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September 19, 2017

Nigeria Economic Review

The global economy grew by 2.7 percent in the fourth quarter of 2016 (2016Q4) relative to 2.5 percent in 2016Q3, due to rising investment and consumption demands in developed and…

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September 15, 2017

MANUFACTURING SECTOR: Operating Admist Economic Recession And Rising Foreign Exchange Rates

This 2017 Manufacturing Sector survey provides an assessment of the Nigerian manufacturing sector, highlighting the key challenges facing operators within the sector. It also examines the dynamics and major development…

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September 13, 2017

Nigeria Economic Update (Issue 35)

Nigeria's Real Gross Domestic Product (GDP) increased at an annual rate of 0.55 percent in 2017Q21, compared to the -0.91 percent (revised) in 2017Q1 indicating the first quarterly positive growth…

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September 12, 2017

Nigeria Economic Update (Issue 33)

Available reports from the Nigerian National Petroleum Corporation(NNPC), suggests a significant reduction in the cost incurred to produce one barrel of crude oil for the past two years. Specifically, the…

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September 12, 2017

Nigeria Economic Update (Issue 34)

Recently released report by the National Bureau of Statistics shows that Nigeria recorded remarkable Year-on-Year (YoY) and Quarter-over-Quarter (QoQ) increase in capital importation. Total capital importation stood at $1,792.3 million…

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