Macro-Economic News
Macroeconomic data from Nigerian.
Nigeria & UK: Two opposing inflation problems
The problem with inflation getting to high is that it erodes income, reduces value of naira.
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Inflation rate jumps to 12.40%, highest in over 2 years
Inflation rate rise to 12.4% in May, 0.06% points higher than 12.34% recorded in April.
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FAAC disburses N780.93 billion in April, allocation increases by 34%
The Federation Account Allocation Committee (FAAC) disbursed the sum of N780.93bn to the three tiers of government in April 2020...
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Nigeria’s foreign trade drops to N8.3 trillion, down by 18% in Q1 2020
Nigeria’s total foreign trade (import and export) rose marginally by 0.8% year on year, when compared to N8.24 trillion recorded...
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Naira depreciates at 5 years forwards market, now N570 to $1
Nigeria’s 5 years onshore Non-Deliverable forward contract posted its biggest drop by plunging 27% from N413.36 to close at N569.69.
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Nigerian economy grows by 2.27% in 2019, post highest quarterly growth since 2016 recession
Nigeria’s Gross Domestic Product (GDP) grew by 2.55% in real terms, in the fourth quarter (Q4) of 2019, up from 2.38%.
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Inflation rate jumps to 12.13%, highest in 21 months
Nigeria’s inflation rate has increased from 11.98% recorded in December 2019 to 12.13% in January 2020.
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Nigeria’s top 10 agricultural exports attract N206.16 billion in 9-monthÂ
Nigeria’s agricultural export sector experienced strong growth in 2019, according to the latest report released by the NBS.
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Nigeria’s Inflation rose to 11.24% in September 2019
Nigeria’s consumer price index, which measures inflation increased to 11.24% in September 2019. This was revealed in the latest inflation report released...
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Nigeria’s top 10 agricultural exports hit N152 billion in half-year 2019
Nigeria’s top 10 agricultural exports hit N152 billion in half-year 2019
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