ANALYSIS: Nigeria’s manufacturing sector still crawling
The manufacturing sector’s real GDP growth was 2.20% in Q2 2023, a 26.8% decrease compared to the 3.0% recorded in...
Guinness: FX loss undermines “highly spirited” top-line performance
Guinness Nigeria Plc’s (GUINNESS) FY numbers showed mixed performance across key metrics.
New unemployment methodology; A case of the proverbial ostrich?
Based on data from the National Bureau of Statistics (NBS), the unemployment rate was 5.3% in Q4 2022 and 4.1%...
Another marginal decline in mobile subscriptions in June
Based on new industry data from the Nigerian Communications Commission (NCC), Nigeria’s active mobile subscriptions declined marginally by 0.5% to...
Total crude oil production comes in at 40.12mn barrels in July 2023
Despite the significant increase in the oil rig count to 14 in Q1 2023 from 8 rigs in Q1 2022...
Currency outside banks climbed by 3.94% to reach N2.26trillion
Money Supply statistics from the Central Bank of Nigeria (CBN) as of June 2023 showed that currency in circulation increased...
S&P Global Ratings Revises Nigeria’s Outlook to Stable Amid Fuel Subsidy Removal and FX Window Unification
Following the removal of the long-standing fuel subsidy and the unification of the various official FX windows by the new...
USAID Warns Nigeria and Other African Countries as Food Inflation Persists
USAID has warned Nigeria and other African countries to brace up for higher food prices, following recent developments that have...
Nigeria Loses N373bn in H1 2023, Ranks 7th in Global Flaring
Based on the data extracted from the Nigerian Oil Spill Monitor, an arm of the Nigerian Oil Spill Detection and...
Quick take: Double whammy of heightened FX costs and inflationary pressures
Nestle Nigeria’s H1 2023 numbers reflected the disruptions in the macroeconomic space. Despite inflationary pressures, the company’s Revenue advanced by...
