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A tracker and analysis of some of the key macroeconomic and financial indices from Nigeria.

Boost for Nigerian economy as Mobile Internet Subscribers hit 113.9m

Boost for Nigeria’s economy as Mobile Internet Subscribers hit 113.9m

Mobile Internet users in Nigeria increased marginally to 113.9 million in January 2019, data from the Nigerian Communications Commission (NCC) has revealed.
Nigerians hit with over 60% delayed and cancelled domestic flights in 2018

Nigerians hit with over 60% delayed and cancelled domestic flights in 2018

No fewer than 36,350 cases of delayed flights were recorded in 2018 from domestic airlines operating in Nigeria, the Nigerian Civil Aviation Authority said.
Naira Exchange rate under Buhari, Implication of APC victory, Buhari Valentine's Day Speech, Nigerian Election, Nigeria Election and GDP, Nigerian GDP

“Worst is behind us” Research sees improving economy under Buhari second term

If external shocks in the coming period 2019-23 are not as great as those during 2015-19, then the nascent economic recovery might give this administration an opportunity to address pressing domestic issues.
FG pays ₦39.9 billion monthly Subsidy as Petroleum import declines

FG to pay ₦39.9 billion monthly Subsidy as Petroleum Import declines

The importation of refined petroleum products will decline in March 2019, even as Nigerians consume an average of 53.2m litres of PMS daily.
Central Bank Continues intervention in Forex market to stabilize Naira

CBN’s intervention in FX market hit $39 billion in 2018

The Central Bank of Nigeria (CBN)stabilized the Naira in 2018 by injecting $39.9 billion into the foreign exchange market (Forex). This is according to the...
Nigeria's Value Added Tax (VAT) inches up to ₦1.108 trillion in 2018

Nigeria’s Value Added Tax (VAT) inches up to ₦1.108 trillion in 2018

Nigeria's Value Added Tax (VAT) increased to ₦1.108 trillion in 2018 from ₦972.3 billion recorded in 2017. This is contained in the National Bureau of...
Transactions on e-Payment Platforms in Nigeria increases to ₦138.67 trillion

E payment transactions rise by 32% in 2018

The report on data for Electronic Payment (E-payment) Channels in the Nigeria Banking Sector has been released by the National Bureau of Statistics (NBS)....
Nigerian youths job dilemma

Nigerian graduates face further dilemma as 43% of Bank employees now contract staff

The National Bureau of Statistics (NBS), yesterday, released the report for selected banking sector data for the last quarter of 2018. A section of the...
AMCON recovered N1 trillion from debtors -FG discloses

FAAC disbursement drops by 25.2% in January

The National Bureau of Statistics has released the report for the Federation Account Allocation Committee (FAAC) disbursements, covering January 2019. The report shows that the...
Household Survey: Good times for Nigerian as Food Prices witness drop

Household Survey: Good times for Nigerian as Food Prices record drop

House hold food prices drastically fell in some of the major markets in Lagos, according to data tracked by Nairametrics...
NNPC petroleum importation December 2019 deadline

NNPC set to meet December 2019 deadline on petroleum product importation

NNPC was created by the merger of NNOC and the Ministry of Petroleum Resources in accordance to decree 33 of 1977.
Photo by Olga DeLawrence on Unsplash

Tracker: Nigeria’s External Reserve now at $43.08billion as at 20th December 2018

Nigeria's External Reserve was $43,084,864,561 as at December 20th, 2018.
Goldlink Insurance Plc, Free float deficient companies

How stockbrokers are coping with a bear market

This article discusses the various strategies adopted by stockbrokers to stay afloat in a bear market that has seen the NSE All-Share index down 17.2% year to date.
CAP Plc

Focus on CAP Plc: Painting Nigeria since 1957 

This week's Nairametrics company focus, Chemical and Allied Products Plc, is one of the biggest paint manufacturers in Nigeria.
Lagos traffic

Crazy Lagos traffic: The good, the bad, and the frustrating

One of the worst things that can happen to anyone is being stuck in Lagos traffic during early morning rush hour.
How young Nigerians invest

Exclusive: A look at how young Nigerians invest their money nowadays 

As his phone finally buzzed with the notification of his salary payment, John pondered whether to stick to his investment plans or cheat for the last time. 
Market insight

Market/Economic Insight: The Weekly Brief (October 15th – 19th 2018)

The performance of the Nigerian Equity Market remained bullish last week with the index (NSE ASI) up by 1.19% WTD to close at an index level of 32,841.98 and Market capitalization of N11.99trillion.
Nigerian Stock Exchange

Daily update on Treasury Bills, Bonds, Forex, oil price and more

Daily performance of major economic indicators and highlights from tradings sessions and key statistics such as Treasury Bills, bonds, FX rates, inflation, oil price. PMA...
Market insight

Market/Economic Insight: The Weekly Brief (October 8th – 12 2018)

The performance of the Nigerian Equity Market returned bullish last week with the index (NSE ASI) up by 0.23% WTD to close at an index level of 32,456.98 and Market capitalization of N11.85 trillion.

Lagos maintains lead as state with highest foreign debt in Q2 2018

Nigeria's external debt stock rose to $22.08bn as at Q2 2018.
Okechukwu Enelamah

Nigeria’s trade sector fall into double dip recession

Nigeria's Trade Sector fell into a double-dip recession according to data from the National Bureau of Statistics. A double-dip recession typically occurs when gross domestic...
Independent Petroleum Marketers Association of Nigeria, IPMAN, Petroleum price, Filling Station, Election, Nigeria Decides

Average Petrol Price Falls to ₦146.80 in July

NBS has released the Petrol Price Watch for the month of July, 2018.
Naira-Dollars

Nigeria’s External Reserves drop below $47billion below for first time in 4 months

Nigeria's external reserves suffered a major drop during the week as CBN data reveals the country's external reserve position was $46.8 billion as at...
Sesame Seeds

Sesame seeds: Small seeds that could be Nigeria’s black gold

Sesame seeds is a flower plant that has a variety of relatives spread across Africa.
Diesel Price

Average Diesel Price Falls to ₦204.97 in June – What it means for these...

NBS has released the Diesel Price Watch for the month of June 2018.
Independent Petroleum Marketers Association of Nigeria, IPMAN, Petroleum price, Filling Station, Election, Nigeria Decides

Average Petrol Price Falls to ₦148.1 in June – what it means for these...

NBS has released the Premium Motor Spirit (Petrol) Price Watch for the month of June, 2018.
CBN Governor

CBN mulls ‘quantitative easing’ as it considers buying commercial papers at single digits

The Central Bank of Nigeria concluded its Monetary Policy Meeting on Wednesday leaving Monetary Policy Rates at 14% for the second year running. The...
Muhamadu Buhari

This is Nigeria’s 2018 Budget Breakdown

Capital expenditure (excluding transfers) higher by 22% from N2.36 trillion in FY2017 to N2.87 trillion.

This company’s cables have been conducting Nigeria’s electricity since 1982

For a country like Nigeria, where epileptic power supply has remained a major economic constraint for years, achieving steady and reliable power generation and distribution has become a must.
Independent Petroleum Marketers Association of Nigeria, IPMAN, Petroleum price, Filling Station, Election, Nigeria Decides

Average Petrol Price Falls to ₦150.2 in May – what it means for these...

The Nigeria Bureau of Statistics (NBS) has released the Premium Motor Spirit (Petrol) Price Watch for the month of May, 2018.

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shortlisted applicants for the 2019 Tony Elumelu Entrepreneurship Programme

List of successful applicants for TEF 2019 announced

See the complete list of the shortlisted applicants for the 2019 Tony Elumelu Entrepreneurship Programme.
Cadbury Nigeria Plc appoints new managing director

Cadbury Nigeria Plc appoints new managing director

Cadbury Nigeria Plc today announced the appointment of Mrs. Oyeyimika Adeboye as Managing Director, effective 1st April 2019. Mrs. Adeboye takes over from Mr. Amir...
Businesses in Nigeria | Make money from a single product

How to make $1bn from a single product in Nigeria

Nigerian businesses owned by foreign nationals have thrived. Here's a look at how they did it.