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Macro-Economic

Macroeconomic data from Nigerian.

States' Unemployment Data

Latest states’ unemployment data reveals 20.9m Nigerians are unemployed

States' unemployment data shows that 20.9 million Nigerians are unemployed as at third quarter of 2018.
Nigeria's Inflation

Nigeria’s inflation rate drops to 11.25% in March

Nigeria's inflation rate slowed to 11.25% in March 2019. This is 0.06% lower than the 11.31% rate recorded in February 2019.
Foreign reserves

Nigeria’s foreign reserves inch towards six month high

Nigeria's foreign reserves are a few millions away from a six month high of $45 billion, due to an uptick in crude oil prices and positive foreign portfolio investor sentiments.
prices of major goods

Household Survey: Food items are expensive at Mushin Market

Relative differences in the prices of major goods across the four (4) markets. The markets surveyed include: Mushin Market, Daleko Market, Oyingbo Market, etc.
Nigeria's External reserves hit $44 bn mark, as Oil price peaks

Nigeria’s External Reserves hit $44bn mark, as oil price peaks

Data from the Central Bank of Nigeria has shown that Nigeria's external reserve rose to $44 billion at the end of March 2019.
Nigerian Equity Market

Market/economic insight: the weekly brief (18th– 22nd March, 2019)

The performance of the Nigerian Equity Market remained largely bearish last week until Friday when a rebound was witnessed in the market.
Nigeria mining

Nigeria’s Mining Sector shows growth prospects, despite low credit provision

The Federal Government of Nigeria needs to build and implement a robust regulatory framework for the mining sector.

Market/economic insight: the weekly brief (11th– 15th March, 2019)

The Equity Market returned bearish last week with the index down by WTD to close at 2.45% an index of 31,142.72 and capitalization of N11.61 trillion
Price Watch: Average prices of Kerosene, Diesel and Gas in Nigeria

Price Watch: The average prices of Kerosene, Diesel and Gas in Nigeria

The average price per litre of Kerosene in Nigeria has dropped to ₦305.55 in February 2019 from ₦306.28 in January 2019.
Petrol prices

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.
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.
the Nigerian telecoms sector - cyber-crime control

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

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)...
Nigeria's Petrol import hits 20.14 billion litres 5-year high in 2018, as Diesel decline

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)....
Contract staffing in Nigeria Banks

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...
FAAC disbursed N617billions in April, as South-South scoop N72billions

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...
Nigeria's Inflation

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....
Petrol price watch

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...
prices of major goods

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...

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