Macro-Economic News
Macroeconomic data from Nigerian.
Core inflation rises to 18.84% in February 2023 on the back of fuels, gas, and lubricants
Core inflation (also referred to as all items' inflation) stood at 18.84% in February 2023 on the back of fuels,...
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Nigeria’s inflation rate rises further to 21.91% in February 2023
Nigeria’s inflation rate climbed to a new 17-year high of 21.91% in February 2023, representing a 0.09% point increase when...
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CBN’s implementation of naira redesign policy and Judiciary’s meddling in the matter are indicative of Nigeria’s institutional failures – Kingsley Moghalu
Moghalu warned that turning CBN’s mandate into “political football” was and is a big mistake and a strong indicator of...
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Finance Minister insists fuel subsidy causing deficit says Nigeria needs to “ exit as soon as possible”
FG plans to educate Nigerians that fuel subsidy is causing so much deficit and FG needs to exit it as...
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Presidency says it never told CBN to defy Supreme Court
Presidency said the policy had the support of Nigerians as they believe that the action would cut corruption, fight terrorism...
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Governor Soludo says CBN has directed banks to dispense and receive old N200, N500, N1,000 notes
The Governor of Anambra State, Professor Chukwuma Soludo, has said that the Central Bank of Nigeria (CBN) has finally directed...
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Nigerian economy “loses N20 trillion” as 70% of cash sucked away from economy – CPPE
The Center for the Promotion of Private Enterprise (CPPE) has said the Nigerian economy has lost N20 trillion as 70%...
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CBN should inform the public that old currency notes remain legal tender until the 31st of December – CPPE
CPPE says CBN should be directed to officially communicate the outcome of the Supreme court judgement to the banks and...
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Nigeria’s private sector PMI falls to 2-Year low amid cash shortages
February PMI data falls to lowest in 2 years as cash shortages stoke fear of 2023 Q1 GDP contraction
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Nigeria records trade surplus for the first time in three years
Nigeria’s export rises to N26.8 trillion in 2022 as foreign trade hits N52.4 trillion
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