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Research Data

Market research, Financial and Macro-economic data from Nigeria


Nigeria earned N1.16 billion from rail in six months

FG has generated a total of N1.16 billion through the rail system of transportation in H1 2018.
Naira vs dollas, IMF, Foreign Reserves, External reserves, CBN

Again, external reserves falls by $500 million in one week

CBN data reveals the nation’s external reserves fell by $500 million in the past one week.
Shea Butter

How Nigeria can earn $10 billion annually from Shea butter exports

The National Bureau of Statistics (NBS) reported that Nigeria earned N101.97 billion from the export of only Shea oil in the first quarter of 2018.

Why Nigeria is in deep revenue problem, despite rise in oil price

For every litre of Premium Motor Spirit (petrol) consumed in Nigeria, Akabueze confirmed that the nation spends N55 to subsidise the fuel through the Nigerian National Petroleum Corporation (NNPC)

Abuja, Niger, Kaduna ranked best destination to do business in Nigeria

Abuja came top as the number one state to do business in Nigeria in 2018, with a DTF score of 85.61
President Muhammadu Buhari

FG tightens economy, proposes N8.6tn budget in 2019

the nation is targeting a tighter fiscal plan for the economy by projecting a budget of N8.6 trillion in the next fiscal year -2019.

Consumers in Enugu paid the highest for Petrol in September

Average price paid by consumers for PMS increased to ₦147.30 in September 2018, from ₦146.9 in August 2018
Naira vs dollas, IMF, Foreign Reserves, External reserves, CBN

Foreign Reserves drop by $1.1 billion in 2 weeks, now $43 billion

the external reserves currently stands at $42.92 billion as at Tuesday, October 16,
Diesel Price

Price of Diesel Hits second highest since September 2017

Average price paid by consumers for diesel increased to ₦211.64 in September 2018 from ₦207.98 in August 2018.
Cross section of Nigerians

Nigeria climbs 10 places to 115th in Global Competitiveness Rankings

Nigeria has been ranked in the 115th position in the Global Competitiveness Index (GCI) 4.0 Rankings 2018, released by the World Economic Forum (WEF)
L-R: IMF MD, Christine Lagarde and Jim Kim, the World Bank president

Key takeaway on Nigeria as World Bank marks 2018 annual meetings

The International Monetary Fund and the World Bank kicked off event to mark the 2018 Annual Meeting in Bali Indonesia on October 8th through...

IMF cuts global economy growth forecast; hits at strain in emerging markets

The International Monetary Fund (IMF) cut its global growth forecast in its October 2108 World Economic Outlook (WEO). The IMF dropped its growth forecast by...
Nigerian people

IMF joins World Bank, also cut down Nigeria’s growth for 2018

The International Monetary Fund (IMF) cut down its 2018 economic growth projections for Nigeria to 1.9%, from the 2.1% it earlier forecast for the country in 2018.
Pan Ocean Limited

GDP may rise as NNPC set to boost oil output

Nigeria’s economic growth slowed down for the second consecutive quarter, as crude oil production fell to 1.84 million bpd.
Nigerian people

World Bank cut down Nigeria’s growth for 2018

The 2018 economic growth forecast for Nigeria and other sub-Saharan countries has been cut down to 2.7% by the World Bank

Manufacturing sector expands for the 18th consecutive time

Manufacturing PMI for the month of September stood at 56.2 index points.
Nigerian sea port

How importation is killing Nigeria’s economy

A total of $411.32 billion worth of goods have been imported into the country, between 2010 and 2017.

Latest Nigeria’s Manufacturing PMI vs Non Manufacturing PMI (Updated September 2018)

Nigeria's Purchasing Managers' Index (PMI) was 57.1 in August 2018 while Non Manufacturing Purchasing Managers' Index was 58 in the same August 2018

BOOM: Rice prices rise for first time in 14 weeks

Nairametrics’ research on Household Food Items reveal a general increase in prices.
Inflation, Unemployment, CBN, Naira

Lagos remains the state with the highest debt profile

Nigerian total debt stock stood at $73.21 billion in Q2 2018.

Survey: Consumers May pay more for bread as price of flour increases

Nairametrics’ research on Household Food Items reveal a general decrease in prices.

Latest: Top 10 agricultural exports from Nigeria

the total value of exported agricultural products in Q2 2018 was N85.9 billion, compared to N73.25 billion in the previous quarter of Q1 2018
Diesel Price

Average Price of Diesel Hits ₦207.98 in August

The report also shows that Nasarawa State has the lowest average price.

Average Petrol Price Rises to ₦146.90 in August

The report also shows that Bauchi State has the lowest average price

Inflation rises for the first time in 18 months to 11.23%

Inflation increased by 11.23% (year-on-year) in August 2018

MTN maintains lead as Airtel loses subscribers via porting

a total of 162,522,772 subscribers were active on voice in Nigeria in Q2 2018
Nigeria Air

Airlines dump Lagos for Abuja as passenger volume increases

a total of 7,503,408 passengers passed through Nigerian airports in the first half of 2018

Latest Nigeria’s Crude Oil Exports and Non Crude Oil Exports (Updated 2018 Q2)

Nigeria Crude Oil exports was N3376.55 billion for the quarter ending March 2018

Latest Nigeria’s Imports, Exports and Trade Balance (Updated 2018 Q2)

Nigeria's total import value was N2106.69 billion for the quarter ending March 2018
Nigerian people

Key macroeconomic indices show Buharinomics is falling apart

Nigerian economy is still very fragile and is now falling from the post-recessional economic recovery it made, especially in the second, third and fourth quarters of 2017.