October 27, 2023

Nigeria Economic Update (Issue 40)

According to the World Bank, the Nigerian currency (naira) has depreciated by almost 40% since the beginning of 2023. The depreciation is not only limited to Nigeria. Other African countries’ currencies…

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October 12, 2023

Nigeria Economic Update (Issue 39)

According to the latest Transport Fare Watch of the National Bureau of Statistics (NBS), transportation costs increased significantly in August 2023. The average fare paid by bus passengers within the…

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October 11, 2023

Nigeria Economic Update (Issue 38)

The National Bureau of Statistics (NBS) publication on Terms of Trade (TOT) shows a deterioration in Q2 2023. Term of Trade measures the relative price of imports to exports. In April, it…

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October 9, 2023

Nigeria Economic Update (Issue 37)

Data from the September 2023 report of the Organization of Petroleum Exporting Countries (OPEC)shows that Nigeria’s oil output rose by 9.3% from 1.08 mb/d recorded in July to 1.18 million…

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September 28, 2023

Nigeria Economic Update (Issue 36)

According to the rail transport data released by the National Bureau of Statistics (NBS) in Q2 2023, the volume of goods/cargos transported for Q2 2023 reached 56,029 tons, compared to 31,197 tons in…

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September 28, 2023

Nigeria Economic Update (Issue 35)

According to the National Bureau of Statistics (NBS) report on Foreign Trade in Goods for the second quarter of 2023, total trade stood at N12.7 trillion, a decline of 7.6% from N13.8…

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September 22, 2023

Instructional Alignment in Nigeria using the Surveys of Enacted Curriculum

Systematic, quantitative evidence on education system coherence is limited. Prior research has indicated alignment of instructional components, such as curriculum standards, assessments, and teachers’ instruction, is important for children’s learning.…

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September 19, 2023

Nigeria Economic Update (Issue 34)

According to the National Bureau of Statistics (NBS), Nigeria’s Gross Domestic Product (GDP) grew by 2.51% (year-on-year, YoY) in real terms in the second quarter (Q2) of 2023. This growth rate is less…

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September 14, 2023

Investing in Education for National Development: Policy Priorities for Nigeria’s New Administration

The progress and advancement of any given nation is significantly dependent on its human capital, which is cultivated through the provision of high-quality basic education. This is established in the…

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September 4, 2023

Nigeria Economic Update (Issue 33)

The July 2023 monthly OPEC oil market report indicates a general increase in international crude oil prices. According to the report, the OPEC reference basket, which reflects the average crude…

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August 25, 2023

Nigeria Economic Update (Issue 32)

Nigeria’s inflation rate surged by 1.29% points in July 2023 to reach 24.08%, compared to 22.79% in the preceding month, June. This is according to the National Bureau of Statistics…

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August 23, 2023

Nigeria Economic Update (Issue 31)

The Organisation of Petroleum Exporting Countries (OPEC), in its monthly oil market report for August 2023, revealed that Nigeria’s oil output fell by 13.6 per cent to 1.08 million barrels…

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August 18, 2023

Trade and Women’s Economic Empowerment: Evidence from Small and Medium-Sized Enterprises

This book provides a fascinating account of how trade affects women’s economic empowerment. This book offers a compelling examination of how women workers and entrepreneurs are empowered through trade. This…

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August 16, 2023

Nigeria Economic Update (Issue 30)

The International Monetary Fund (IMF), in its latest World Economic Update released in July 2023, projects that the Nigerian economy will experience slowdown in 2023 and 2024. Nigeria’s economy growth rate stood at…

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August 15, 2023

Are All Shocks Alike? Evidence From the Effects of Oil Shocks on Military Expenditure in Nigeria

In resource-endowed countries, the ability of governments to spend on the critical sectors of their economies depends on the stability of resource prices. Similarly, in crude oil-endowed countries, governments face…

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August 14, 2023

Nigeria Economic Update (Issue 29)

In June 2023, Nigeria’s money supply (M2) reached a record high of N64.3 trillion, increasing significantly by 15 percent (N8.8 trillion) from N55.5 trillion recorded in May, according to the…

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