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Economic Data
Nigeria’s oil production slumps to 1.084mbpd in July
Nigeria's oil production has continued its downward trend, slumping to as low as 1.084mbpd in July, The Punch reported. The...
Read moreUS economy adds 528,000 Jobs in July, exceeding expectations
In it's monthly payroll report released Friday, the U.S Labour Department said that employers added 528,000 jobs in July. This...
Read morePetroleum subsidy cost jumps 1,452% from N257bn in 2006 to N4trn in 2022 – BudgIT
The cost of Nigeria's controversial petroleum subsidy has risen by 1,452% from N257 billion to N4 trillion between 2006 and...
Read moreJan-April 2022: Nigeria spent N4.72trn, only 16.4% is capital expenditure
In the first four months of this year, Nigeria's aggregate expenditure stood at N4.72 trillion with only 16.4% spent on...
Read moreStates with highest and lowest diesel prices in Nigeria
The average retail price of Automotive Gas Oil (Diesel) paid by consumers in Nigeria increased by 202.67% on a year-on-year...
Read moreJust in: Inflation rises to 18.60% in June, highest in over 5 years – NBS
Nigeria’s inflation rate jumped to 18.60% in June, the National Bureau of Statistics (NBS) said in a report released on...
Read moreNigeria’s inflation rate rises to 11-month high
Nigeria's inflation rate jumped to 17.71% in May 2022, the national Bureau of Statistics said in a report released on...
Read moreNigeria’s public debt rises by over N2 trillion in 3 months
Nigeria's total public debt rose by N2.048 trillion in the first three months of the year, according to a report...
Read moreInflation rate rises in April 2022 compared to March 2022 – NBS report
The Consumer Price Index (CPI) which measures inflation increased to 16.82 percent on a year-on-year basis in April 2022, according...
Read moreVAT collection rises 12.65% quarter-on-quarter in Q4 2021
The total Value Added Tax (VAT) recorded in Nigeria in the fourth quarter of 2021 stood at N563,72 billion, an...
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