Publications
Nigeria Economic Update (Issue 30)
The recently released 2021 Electronic-payment Fact Sheet by the Nigerian Interbank Settlement System (NIBSS) shows that Nigerian banks had a total of 191.4 million bank accounts in 2021, out of…
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Nigeria Economic Update (Issue 29)
In line with the provisions of the Petroleum Industry Act (PIA), the Nigerian National Petroleum Corporation (NNPC) on July 16 was transformed into a new entity and regulated under the…
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Nigeria Economic Update (Issue 28)
The data from the June 2022 Money and Credit Statistics published by the Central Bank of Nigeria (CBN) shows that the net credit to the economy rose to N57.3 trillion at…
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The Boko Haram Conflict and Food Insecurity: Does Resilience Capacity Matter?
Drawing from a robust identification strategy and household panel data collected before and after households were exposed to the Boko Haram conflict, this paper addresses the question of whether resilience…
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Nigeria Economic Update (Issue 27)
According to the latest transport fare watch by the National Bureau of Statistics (NBS), the average cost of air transport was N55,906.86 in May 2022, an increase of 52.95 percent from N36,552.70…
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Nigeria Economic Update (Issue 26)
Data from the Central Bank of Nigeria (CBN) shows that at the end of the first half of 2022 (H1 2022), Nigeria’s external reserves stood at US$39.16 billion.3 This indicates…
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Nigeria Economic Update (Issue 25)
Data from the National Bureau of Statistics (NBS) show that in the first quarter of 2022, Nigeria’s value-added tax (VAT) collected by the Federal Inland Revenue Service (FIRS) stood at N588.6…
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Recovering from COVID: Building Resilience in Select African Economies
This policy insight synthesises the findings of six sub-Saharan African country case studies, analysing their government policy responses to the trade and employment shocks prompted by the COVID-19 pandemic. Vulnerability…
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Nigeria Economic Update (Issue 24)
Data from the National Bureau of Statistics (NBS) shows that the average retail price of Automotive Gas Oil (Diesel) paid by consumers in Nigeria increased by 181 percent from N238.82 in…
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On Rising inflation in Nigeria
The inflationary episode intensified after the border closure in 2019. The disproportionate impact of inflation on vulnerable households and those working in sectors with low savings, such as agriculture, have…
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Towards A Data-driven Agenda among Indigenous Businesses in Africa
African indigenous businesses (AIBs) are in the nascent stages of becoming data-driven and innovative through data analytics. The data-driven agenda looks promising in industries like manufacturing (distribution), health, agriculture, and…
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Data-Driven Enterprises in Africa: An Evaluation of Winners and Losers
The fact is that indigenous firms are still struggling to manage resources to invest in basic IT infrastructure. Hence data analytics adoption, which requires both human personnel and technical infrastructure,…
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Nigeria Economic Update (Issue 23)
The June edition of the Monthly Oil Market Report (MOMR) of the Organization of Petroleum Exporting Countries (OPEC) shows that Nigeria produced an average of 1,262 million barrels per day…
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Nigeria Economic Update (Issue 22)
The value of capital importation into Nigeria in the first quarter of 2022 (Q1 2022) decreased to US$1.57 billion from US$2.19 billion recorded in the preceding quarter.1 When compared on…
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Fiscal Analytic Snapshot: Nigeria
This brief provides an analytical snapshot of the economy and public finances in Nigeria. It is based on publicly available data produced by the Government of Nigeria, and a range…
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Nigeria Economic Update (Issue 21)
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) met on the 23rd and 24th of May 2022 to deliberate on local and global economic development. At…
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