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Economic Data
India becomes world’s fifth-largest economy, overtaking the UK
In the last quarter of 2021, India had overtaken The United Kingdom to become the fifth-largest economy in the world,...
Read moreNon-oil sector contributes 93.67% to Nigeria’s GDP in Q2 2022
Nigeria’s Gross Domestic Product (GDP) grew by 3.54% (year-on-year) in real terms in the second quarter of 2022, the national...
Read moreFAAC disburses N954.085 billion to FG, States, and LGAs in July 2022
The Federation Account Allocation Committee (FAAC) shared the sum of N954.085 billion to the three tiers of government from the...
Read moreJUST IN: Nigeria’s inflation rate hits 19.64% – highest since 2005.
The Consumer Price Index (CPI) which measures inflation surged to 19.64% in July from 18.60% in June, the National Bureau...
Read moreNigeria’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...
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