Macro-Economic News
Macroeconomic data from Nigerian.
OFFICIAL: Nigeria’s oil sector accounts for 93.8% of export revenue
The Nigerian oil and gas sector accounted for 93.8% of the total export revenue in Q4 2018, according to the...
Read more
Number of cars on Nigerian roads hit 11.8m in a year
Latest figures from the Nigerian Bureau of Statistics have shown that there were 11.8 million licensed cars on Nigeria’s roads...
Read more
OPEC Cuts: Nigeria defies quota, increases crude production
Nigeria has defaulted in the agreement reached by the Organization Petroleum Exporting Country (OPEC) to cut crude oil production.
Read more
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)...
Read more
Nigerian SMLEs believe businesses will thrive in 2019
Stakeholders in the mall, medium and large enterprises (SMLEs) in Nigeria have expressed optimism for economic growth in the country.
Read more
Nigeria’s exports rose to a 6 year high in 2018
The value of Nigeria’s exports hit the ₦19 trillion mark in 2018. This is reflected in the report of foreign...
Read more
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...
Read more
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...
Read more
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...
Read more
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...
Read more
