Thursday, February 20, 2025
Economic Data
World Bank projects 102% debt service to revenue ratio for Nigeria
The World Bank in its latest report said that Nigeria's public debt is concerning due to the rising debt service-to-revenue...
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Nigeria’s inflation climbs above 20%, highest in 17 years
The inflation rate surged to new record in August hitting 20.52%, the highest in 17 years, the National Bureau of...
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Inflation in Germany hits decades high amid energy crisis
From 8.5% inflation rate in July, Germany has seen the August Inflation rise to 8.8%, a level the country hasn't...
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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,...
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Non-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...
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FAAC 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...
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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...
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US 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...
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Petroleum 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...
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