Thursday, April 16, 2026
Economic Data
FIRS Nigeria collects N490 billion tax receipts in July; N438 billion (89%) from Non-oil sources
In a statement via its Twitter handle @firsNigeria on Thursday, the Federal Inland Revenue Service (FIRS) stated that 89% of...
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Inflation rate hits 13.22%, highest in almost two and half years
The Inflation rate in Nigeria has risen for the twelfth consecutive time as the prices of goods and services continue...
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Nigeria’s domestic debts up by 108% in 6 years, dominated by FGN Bonds
The Federal Government of Nigeria under the administration of M. Buhari had made external loans the bedrock of the nation's...
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Credit to private sectors by banks rose to N18.82 trillion in Q2 2020
The total value of credit allocated to private sectors by the bank increased to N18.82trn in Q2 2020 from N18.49...
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Nigeria’s External Debt grows by 236% in 6 years, with Eurobond Holders & World Bank being the biggest creditors
So much has been said and written about Nigeria's foreign (external) debt, most especially the one gotten from China (EXIM...
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Nigeria records trade deficit for third consecutive quarters as export slumps by 51.7%
The value of Nigeria's merchandise trade stood at N6.242 trillion in Q2, 2020. This indicates a sharp fall of 27.30%...
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Shares dominated in Q2 2020 Nigerian Capital Importation by sector
The capital importation into Nigeria in Q2 2020 massively declined, with over 56% of the total coming inform of loans....
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Nigeria’s Manufacturing Sector Contracts in August for the fourth consecutive months
The Manufacturing Purchasing Managers Index (PMI) in August stood at 48.5 index points, indicating contracting in the manufacturing sector for...
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Nigeria GDP shrank by 6.1% in Q2 2020 as both oil and non-oil sectors tumbled
In the second quarter of 2020, ending 30 June, Nigeria’s Gross Domestic Product (GDP) decreased by 6.10% (year-on-year) in real...
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Purchasing power declines further in Nigeria as Inflation rate rises for 11th consecutive time
Inflation rate has continued to rise in Nigeria. Prices of goods and services are getting more expensive by the day....
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