Macroeconomic Report & Economic Updates
February 12, 2018
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 million persons in 2017Q32. The working age population in 2017Q3 constituted 85.08 million persons in the labour force (an increase from 83.94 million), of which 40 percent were either unemployed or underemployed. Thus, total employed persons in the quarter reached 69.1 million.
Related
Nigeria Economic Update (Issue 42)
The
NSE market indices recorded a bear market rally for the third consecutive week
in September. Specifically, All-share index and Market Capitalization increased
marginally by 0.31 percent to close at 28,335.40 points and N9.73 trillion
respectively on September 30, 2016. Major drivers of the rally include;
increased trade-volume of financial, agricultural and consumer-goods
securities. The continued rise in market indices may be connected to a
sustained investor confidence in the agricultural and financial sectors on the
account of the ongoing activities of the government and the CBN to stabilize
the sectors.