Nigeria Economic Update (Issue 30)

According to the World Bank, the participation in the Nigerian labour force has declined by about 20 million workers between 2018 and 2020.ยน Even for those within the labour force, the inactive population has increased from 29 to 52 million workers between 2014 and 2020. Consequently, unemployment is at record levels as the unemployment rate […]


Nigeria Economic Update (Issue 25)

Foreign and domestic investors consolidated their portfolio investments in May 2019 by increasing the value of their buy orders for Nigerian equities by about 50%. Compared to April 2019, total portfolio investments increased from N148.91 billion to N221.13 billion in May 20191. This makes it the second month of increase in the second quarter, indicating […]


Nigeria Economic Update (Issue 43)

The CBN quarterly consumer expectation survey shows that consumers expressed optimism as outlook for the third quarter of 2018 was positive. Relative to 2018Q2, consumer index increased from -6.3 index points to 1.5 index points.1 Some respondents attributed their increased confidence to improved economic conditions. Consumers also had a favourable outlook for the next quarter […]