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Market research, Financial and Macro-economic data from Nigeria

Petrol price, fuel scarcity, oil marketers

Price Watch: Petrol pump prices fall again in February

The average pump price of premium motor spirit (Petrol) decreased by 0.3% in February, according to the latest data from the NBS.
Despite setbacks, Nigeria's Real Estate investors expect windfall in 2019

Despite setbacks, Nigeria’s real estate investors to expect windfall in 2019

Data shows that out of 15 trillion credit (Bank loan) to the Private Sector in the last quarter of 2018, real estate got ₦622 billion.
CBN's Balance of Payment (BOP) brief

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 CBN's Balance of Payment (BOP) brief.
licensed cars on Nigeria’s roads

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 as at Q4 2018.
OPEC Cut: Nigeria defies Quota, increases crude oil production

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.
Boost for Nigerian economy as Mobile Internet Subscribers hit 113.9m

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) has revealed.
Monthly Business Expectations Survey Report

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.
Elections postponement, Nigeria's GDP, 2018 GDP

Nigeria’s exports rose to a 6 year high in 2018 (Updated)

The value of Nigeria’s exports hit the ₦19 trillion mark in 2018. This is reflected in the report of foreign trade statistics (fourth quarter)...
FG pays ₦39.9 billion monthly Subsidy as Petroleum import declines

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 of PMS daily.
Central Bank Continues intervention in Forex market to stabilize Naira

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 is according to the...
Nigeria's Value Added Tax (VAT) inches up to ₦1.108 trillion in 2018

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 the National Bureau of...
Transactions on e-Payment Platforms in Nigeria increases to ₦138.67 trillion

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 Bureau of Statistics (NBS)....
Nigerian youths job dilemma

Nigerian graduates face further dilemma as 43% of Bank employees now contract staff

The National Bureau of Statistics (NBS), yesterday, released the report for selected banking sector data for the last quarter of 2018. A section of the...
AMCON recovered N1 trillion from debtors -FG discloses

FAAC disbursement drops by 25.2% in January

The National Bureau of Statistics has released the report for the Federation Account Allocation Committee (FAAC) disbursements, covering January 2019. The report shows that the...
Ladipo Spare Parts Market

Analysts predict 2.25% GDP growth in 2019

Analysts at Coronation Research have a GDP growth forecast of 2.25% y/y for the twelve months ending December 2019. The analysts made this known in...
Price Watch: Average prices of Kerosene, Diesel and Gas in Nigeria

NBS report shows consumers paid more for Kerosene in January

Highlights The average price per litre of Kerosene increased by 5.35% month on month, and 6.03% year-on-year between December 2018 and...
January Inflation - Nigeria's Inflation drops to 11.37% in January 2019

Nigeria’s Inflation drops to 11.37% in January 2019

Basic Inflation rates highlight: Inflation rate reduced to 11.37 per cent in January 2019 from 11.44 per cent in December 2018....
Price of PMS

Average price of PMS decreases by 23.7% in 2018

The Nigeria Bureau of Statistics (NBS) has released the Premium Motor Spirit (Popular known as Petrol) price watch for the month of January 2019.

Capital imported into Nigeria jumps 37% in 2018

Data from the National Bureau of Statistics shows total value of capital importation into Nigeria stood at $16,812.47 million in 2018 compared to $12,228.57...
Elections postponement, Nigeria's GDP, 2018 GDP

Is the GDP appropriate as an indicator of Nigeria’s economic progress?

A quick glance at the GDP data revealed that Nigerian GDP hits $417.1 billion in 2018, as against $375.8 billion in 2017.
FSDH Merchant Bank Ltd, Inflation rate, private sector loans, NBS

NBS Data shows Nigeria’s GDP grew by 1.93% in 2018

Data from the National Bureau of Statistics (NBS) report for the 4th quarter of 2018 and full year respectively, shows Nigeria's GDP grew by...
Household Survey: Good times for Nigerian as Food Prices witness drop

Household Survey: Good times for Nigerian as Food Prices record drop

House hold food prices drastically fell in some of the major markets in Lagos, according to data tracked by Nairametrics...
Meristem Economic Update

Macroeconomic update: December 2018 inflation

The National Bureau of Statistics just released the December 2018 inflation report, which showed that inflation rate increased by 0.16% to 11.44% in December...
December 2018 Inflation rate

Inflation rate increases to 11.44% in December 2018

The National Bureau of Statistics (NBS) has released the Consumer Price Index (CPI) report for the month of December 2018. Inflation rose 11.44% year on...
CBN

ATM transactions rise marginally year on year September 2018

According to data from the Nigerian Inter-bank Settle System (NIBSS), the total number of Automated Teller Machines (ATMs) in Nigeria as at September, 2018...
FSDH Merchant Bank Ltd, Inflation rate, private sector loans, NBS

VAT revenue may have hit 4 year high in 2018

This marks a N91 billion increase from the N717 billion collected in the first three quarters of 2017.
Purchasing Managers' Index

CBN PMI hits year high in December

Manufacturers in the country expressed renewed optimism in this month’s purchasing managers index carried out by the Central Bank of Nigeria (CBN) The Manufacturing PMI...
Petrol price, fuel scarcity, oil marketers

Petrol prices inch upwards in November

Data from the National Bureau of Statistics show the average price paid by consumers for premium motor spirit (petrol) increased by 1.3% year-on-year and...
Forbes, PricewaterhouseCoopers, PWC, Unemployment, NBS, Buhari, Election

Nigeria’s unemployment rate hits all time high since 2014

The Nigerian Bureau of Statistics, NBS, has finally released the much anticipated unemployment report in the country, with the number of unemployed Nigerians at 20,927,648.
FSDH Merchant Bank Ltd, Inflation rate, private sector loans, NBS

Inflation rises by 11.28% year on year in November

Figures from the National Bureau of Statistics (NBS) Consumer Price Index (CPI) report show Nigeria's inflation rose by 11.28% year on year in November...

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shortlisted applicants for the 2019 Tony Elumelu Entrepreneurship Programme

List of successful applicants for TEF 2019 announced

See the complete list of the shortlisted applicants for the 2019 Tony Elumelu Entrepreneurship Programme.
Cadbury Nigeria Plc appoints new managing director

Cadbury Nigeria Plc appoints new managing director

Cadbury Nigeria Plc today announced the appointment of Mrs. Oyeyimika Adeboye as Managing Director, effective 1st April 2019. Mrs. Adeboye takes over from Mr. Amir...
Businesses in Nigeria | Make money from a single product

How to make $1bn from a single product in Nigeria

Nigerian businesses owned by foreign nationals have thrived. Here's a look at how they did it.