Economy
News and analysis on the Nigerian economy
GDP: Nigeria’s agriculture sector records growth of 3.16% in Q1 2022
Nigeria’s agriculture sector grew by 3.16% (year-on-year) in real terms in the first quarter of 2022, a decrease of 0.42%...
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Nigeria’s GDP grows by 3.11% in Q1 2022
Nigeria’s Gross Domestic Product (GDP) grew by 3.11% (year-on-year) in real terms in the first quarter of 2022...
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Food Survey: Price of yam rises over 60% in two weeks
The price of yam tuber rose significantly across markets in Lagos State, recording a 66.4% price increase in the space...
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AfDB approves $1.5 billion “emergency response” to address “potential” food crisis in Africa
The African Development Bank has approved a $1.5 billion emergency food production facility for about 20 million farmers in Africa.
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Buhari approves appointment of Semiu Adeyemi as new Statistician General of Nigeria
President Buhari has approved the appointment of Mr Semiu Adeyemi Adeniran as the substantive Statistician-General of the Federation...
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Despite hyperinflation, Nigerian companies record higher revenues and margins in Q1 2022
Nigeria's largest companies earned a whopping sum of N2.33 trillion as revenue in the first quarter of 2022, outpacing their...
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UK inflation hits 40-year high of 9% in April
Inflation in the United Kingdom reached a 40-year high of 9% in April, as food and energy costs skyrocketed...
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US Fed to maintain hawkish stance until inflation cools
The US Fed says it would keep raising interest rates until there is clear evidence inflation is steadily falling despite...
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Energy crisis pushes Nigeria’s core inflation rate to a 5-year high
Core inflation quickened by 0.26% in April 2022 due to significant increases in the prices of gas, liquid fuel, clothing...
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Nigeria’s inflation rate jumps to 16.82% in April 2022, highest in 8 months
Nigeria's inflation rate rose to 16.82% in April 2022 from 15.92% recorded in the previous month.
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