2021: IMF forecasts higher GDP growth for Nigeria at 2.5% The International Monetary Fund (IMF) has projected growth of 2.5 percent for Nigeria this...
Sub-Saharan Africa poised for 3.4% GDP in 2021 – World Bank The World Bank Wednesday said it expects growth in Sub-Saharan Africa this year to rise...
Insecurity, COVID-19 drain Nigeria’s FDI to $65m from $750m Foreign Direct Investment (FDI) inflow to Nigeria dropped to $65m as of the end of...
Public debt hits N32.92trn in December- NBS The National Bureau of Statistics (NBS) on Monday said States and Federal debt stock stood at N32.92 trillion...
UK unemployment falls back to 5% The unemployment rate fell to 5.0% in November to January, down from the last reading of 5.1% in October...
CBN retains lending rate at 11.5% The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate at...
By FBNQuest Analysts The monetary policy committee (MPC) holds its latest meeting today and tomorrow. In the earlier days of the COVID-19 pandemic rate-setting bodies globally...
AfCFTA: Nigeria targets $50bn intra-Africa export trade, 500,000 jobs Senior Special Assistant to the President on Public Sector Matters, Francis Anatogu has said the Federal...
FAAC disburses N619.34bn in January 2021 – NBS The Federation Account Allocation Committee (FAAC) disbursed the sum of N619.34bn to the three tiers of...
External reserves drop by $523m in two weeks Nigeria’s external reserves dropped by $523m to $34.475bn as of March 16 from $34.998bn as of March...
By FDS Analysts The consumer price index spiked further in February by 0.86% to 17.33%, marginally higher than FDC forecast (17.2%). This is the highest inflation...
In retrospect: Nigeria attracted $2.14bn forex in Q4 2020 The Nigerian economy attracted a total sum of $2.14 billion as foreign exchange inflow in the...
By PFI Analysts Earlier today, the National Bureau of Statistics (NBS) released the February 2020 inflation figures. According to the report, inflation rose for the 18th...
Nigeria’s public debt hit N32.9trn in Dec – DMO As FG, states, FCTA borrow N700bn in Q4 2020 Nigeria’s total public debt rose to...
Inflation worsens to 17.33%; food, air transport, hospital bills, others to blame Barely 24 hours after the National Bureau of Statistics revealed the worsening unemployment...
Environmental Health Graduates in a peaceful protest over unemployment on October 16, 2017. Photo Credit: National Daily Newspaper Nigeria’s unemployment rate jumps to 33.5% ...
President Muhammadu Buhari presenting the 2021 Budget to joint session of the National Assembly in Abuja on Friday, October 8, 2020. Experts to FG: Finance N5.6trn...
Nigeria’s raw material imports gulp N2.32trn, rise 73% in 2020 Despite restrictions coming from Coronavirus pandemic in 2020, imports of raw materials into Nigeria rose...
CBN says currency in circulation dropped to N2.83trn in Jan The Central Bank of Nigeria has revealed that total currency in circulation (CIC) in...
South African economy contracts 7% in 2020 South Africa’s economy rebounded 6.3% quarter on quarter on a seasonally-adjusted and annualised basis in the fourth quarter...