Nigerians spent a total of N83.2 trillion as consumption expenditure in the fiscal year ended December 2016. This is according to Gross Domestic Product (expenditure approach) data from the National Bureau of Statistics. Nigerians consumption expenditure of N83.2 million is higher than the N74.4 trillion spent in 2015. All figures...
The chart below depicts the growth in Net Asset Value of Real Estate Based funds versus Equity Based funds in Nigeria every month since January 2013.   The chart speaks for itself, however here is our own interpretation of what we see; The equities based funds have nose...
Companies listed on the Nigerian Stock Exchange have raised a total of about N6 trillion from the equities market since 1999. This is according to data from the NSE on total amount raised from approved offers between the period 1999 and 2017. Total amount raised in our interactive chart     The approved...
This data includes capital importation every quarter from 2013.
The Monetary Policy Rates is the rates at which the CBN lends money to commercial banks. It is the benchmark interest rate in Nigeria. Treasury Bills are short term government debt securities sold to the public in return for interest payments and principal at the end of the tenor. Treasury...
The National Bureau of Statistics released data on Nigeria's crude oil production value and volume from 1961 to 2014. The data shows Nigeria had a production volume of about of 32.7 billion barrels of crude oil since independence, valued at about N118.4 trillion. Here are a few nuggets from the data; ...
Latest data from the National Bureau of Statistics list cashew nuts as the top of the most exported agricultural products in Nigeria for the second quarter of 2017. This was contained in the second quarter Foreign Trade Report released by the statistics bureau. According to the data, a total of...
The National Bureau of Statistics reported last week that Nigeria's inflation rate rose 16.01% for the month of August 2017. This compares to the 16.05% inflation rate for the month of July 2017 and the 7th consecutive month of a slow down in the rise in inflation rate. Highlights of...
The National Bureau of Statistics confirmed on Tuesday, September 5, 2017 that Nigeria was firmly out of recession, following a second quarter GDP growth rate of 0.5%. Nigeria had before now reported 5 consecutive quarters of negative GDP growth rate. As expected the government and a section of the business...
Every August most investors expect a "ghost" to appear and scare everyone away. The ghost in the real sense is the bang on belief that the stock market will turn out bearish in August. For ardent investors in the Nigerian stock market, the month of August is easily one they...
The disparity between lending and savings deposit rate in Nigeria is at a 10 year high of 26%, according to latest data from the Central Bank of Nigeria. For a lot of small businesses, micro and medium, this is a quagmire that they have got so very used to,...
Data from the National Bureau of Statistics reveal Nigeria has attracted about $2.7 billion in capital importation in the first 6 months of 2017. Nigeria attracts millions of dollars in foreign investments every year most of which pass through commercial banks. Interestingly, out of the about 88 countries where Nigeria...
Despite the fact that Nigeria has been in recession since August last year due to lowered global prices, decrease in oil production and poor state of refineries; a report by the Central Bank of Nigeria has revealed that Nigeria’s foreign exchange reserve has increased by 4.17%. According to the report,...
Nigeria's maximum lending rates topped 30% in June for the fourth consecutive month in 2017. Maximum lending rates in Nigeria tipped 30% in March 2017, the first time since 1999 as a combination of government borrowing and forex policy kept rates high.     Why lending rates remain high Government borrowing - As...
The Central Bank of Nigeria has lofty goals heading towards 2020 According to the governing body’s National Financial Inclusion Strategy (NFIS) - a document outlining the government’s agenda to enhance financial inclusion in Nigeria - they intend to decrease the number of Nigerians that are excluded from financial services from...
Money laundering is the process of making money obtained from illegitimate means appear to have been earned in legally. It can also be defined as the conversion of criminal (dirty) money to legitimate (clean) money. Thais implies that before money laundering can take place, an offence must have been...
Data from the Central Bank of Nigeria reveals Nigeria's credit to the private sector as a percentage of credit to the Federal Government is at a 10 year low of about 4.2x to 1. Bank credit to the Public sector is also at a quarterly average all time high...
Data from the National Bureau of Statistics reveals Lagos State is by far the most indebted state in Nigeria. The state owes about $1.3 billion and another N311 billion in Naira denominated debts. The report contains the breakdown of both external and local debts owed by the 36 states and...
Data from the National Bureau of Statistics (NBS) shows that about 7.5 million Nigerians contribute pensions via the Retirement Savings Account contributors scheme, under the Pension Reform Act of 2004 and as amended in 2014. Despite this seemingly low small number of contributors, Nigerian pension fund asset under management is...
Shares of Oando Plc have fallen just 1.5% since news of an investigation by the Securities and Exchange Commission (SEC) broke two Fridays ago.   See chart   The share price dipped to N6.81 on Tuesday this week before bouncing back to N7.43 by close of business Friday. Even though the share price...
Seasamum Seeds rose to the top of Nigeria's Agricultural exports for the first quarter of 2017 according to data from the National Bureau of Statistics. According to the data, Sesamum Seeds exports was valued at N13 billion in the first quarter of the year. According to the data, Nigeria...
The latest Nairametrics Household Food index reveals prices of items under our watchlist rose 1.9% for the fortnight ended July 8th 2017. Nairametrics Food Price Survey is an unofficial tracker of prices of household food and related items in select markets within Lagos. Highlights of Week ended July 8th 2017 ...
Data from the National Bureau of Statistics show Nigerians spent a N11.3 trillion in the third quarter of 2016 as household consumption expenditure. This was a whopping N1.79 trillion higher than what was spent in the second quarter of the year. The data is obtained from the Bureau's third quarter...
Nairametrics| Deposit Money Banks (DMB's) in Nigeria reported a total of N137.29 billion in taxes for the financial year 2016. The figure represents a 43% increase from the N95.8 billion paid by banks in 2015. Highlights Banks reported a total pre-tax profits of about N578 billion for...
This data displays a trend of Nigeria's Real Gross Domestic Product (GDP) Growth Rate from 1982 to 2015. The data was obtained from various reports published by the National Bureau of Statistics. GDP Growth rates are stated annually only. Sources: National Bureau of Statistics GDP 1981 - 2010 After rebasing exercice 2011...
The National Bureau of Statistics on Friday revealed Nigeria's inflation rate for the month of December 2016 was 18.55% (November 2016 18.48%). This is the  14th consecutive month of higher year on year inflation dating back to November 2015. These are the key highlights of this month's inflation Food Index According to the...
Nairametrics| The National Bureau of Statistics latest Automotive Gas Oil (AGO) diesel price watch for the month of November reveals diesel price sold on an average for N195.67 per liter compared to N187.25 per litre in October. The data reveals diesel prices rose slightly across states in the Federation with Rivers, Kebbi...
The Central Bank of Nigeria data shows total POS transactions in Nigeria for the month of October was about 6.3 million valued at about N71 billion. This is a remarkable improvement from total POS transactions of about 79,000 with a value of just a N100 billion in 2010. The data...
Internet web pay transactions has been on the rise over the years following the liberalization of the financial sector less than a decade ago. According to data from the CBN, Internet web pay transactions rose from about 133,000 transactions a month in 2010 to about 1 million transactions a...
President Buhari presented the 2017 Federal Budget with an ambitious revenue target of about N4.9 trillion. This is a 28% increase from a year before and if achieved will rank as the highest ever. The highest the Federal Government has achieved in terms of budgeted revenue was in 2014 when...