Macro-Economic News
Macroeconomic data from Nigerian.
Female unemployment rate in Nigeria rises to 35.2% in Q4 2020
Female unemployment rate in Nigeria as of Q4 2020 increased to 35.2% from 31.6% recorded in Q2 2020.
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Nigeria’s inflation rate rises to 17.33% in February 2021, highest in four years
Nigeria's inflation rate rose to 17.33% in February 2021, from 16.47% recorded in the previous month.
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Nigeria’s unemployment rate jumps to 33.3% as at Q4 2020
Nigeria’s unemployment rate as at the end of 2020 stood at 33.3%, a 6.2% point increase compared to 27.1% recorded...
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Nigeria’s external reserve falls to lowest in 10 months
Nigeria's foreign reserve of $34.74 billion is the lowest in 10 months.
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Nigeria’s foreign trade rises to N9.12 trillion in Q4 2020
Nigeria's total foreign trade for the fourth quarter (Q4) of 2020 rose 8.8% to N9.12 trillion in Q4 2020
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Transport fare watch: Motorcycle “Okada” commuters paid less in January 2021
Commuters on motorcycle per drop (Okada) paid less in January 2021 than they did in December 2020.
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The moment Emefiele predicted Nigeria will be out of recession in Q4 2020
The CBN Governor had expressed optimism last year that the country was going to come out of recession in Q4...
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Patricia addresses CBN circular’s impact on her services and partnership with foreign payment solutions company; Vaunt
The recent CBN circular of February 5th, 2021 to Deposit Money Banks (DMBs) to desist from transacting in/and with entities...
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Aviation’s real GDP contracts by 36.98% in 2020
Real GDP contracted by 36.96% in 2020 compared to the 13.17% recorded in 2019.
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Nigeria’s exits recession, posts 0.11% 2020 4th quarter real GDP growth rate
Nigeria’s Gross Domestic Product (GDP) grew by 0.11% (year-on-year) in real terms in the fourth quarter of 2020.
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