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 the end of June 2022 from N48.5 trillion at the end of December 2021, indicating an 18.02 percent increase in the first half of 2022 (H1 […]


Nigeria Economic Update (Issue 42)

Total geographical distribution of credit by state increased by 1.82 percent to N18.9 trillion in the second quarter of 2020 from N18.56 trillion in the first quarter of 2020.1 Lagos State (N14.92 trillion) accounted for 78.94 percent of the total credit. Further disaggregation shows N77.6 billion was distributed as loan for mortgages in 2019 compared […]


Nigeria Economic Update (Issue 03)

Consumer prices for the month of December 2019 increased by 0.13 percentage points from the preceding month which stood at 11.85% 1. As such, inflation has increased for four consecutive months and the current rate is 0.54% percentage points higher than the inflation rate in December 2018. The rise in inflation was driven by a […]