Saturday, September 14, 2024
Economic Data
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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Exchange rate to remain at N360/$1 until 2023: MTEF/FSP report
According to the draft 2021-2023 Medium Term Expenditure Framework/Fiscal Strategy Paper, (MTEF/FSP) presented by Minister of Finance, Budget & National...
Read moreInflation rises for 10th Consecutive time to hit 27 Months high
According to the latest report by the National Bureau of Statistics, the Consumer price index (CPI) which measures inflation increased...
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FG of Nigeria achieved only 48% of Revenue projected in Q1 2020
According to the Medium-Term Expenditure Framework and Fiscal Strategy (MTEF/FSP) report released by the Federal Ministry of Finance, Budget, and National Planning,...
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