Strategic deep pocket activities that shaped economy last week ending June 16
Just like two weeks ago, last week started with the National Bureau of Statistics (NBS), releasing Nigeria’s headline consumer price index which recorded its sixteenth consecutive deceleration, moderating to 11.61% y/y (compared to 12.48% in April 2018). On month-on-month basis,…
Nigeria’s inflation drops to 11.61% in May, meaning successive fall in 16 months
The National Bureau of Statistics (NBS) on Wednesday, released figures for May 2018 inflation report, showing that Nigeria’s headline consumer price index extended deceleration (which started in 2017) to the sixteenth consecutive month. Headline inflation was 11.61% y/y in May,…
Nigeria currently running a system creating jobs overseas, frustrating graduates—Duke
Former governor of Cross Rivers State and latest entrant to Nigeria’s 2019 presidential runs, Mr. Donald Duke has picked strong holes in series of figures regularly churned out by the National Bureau of Statistics (NBS) on Nigeria’s unemployment and inflation…
Key business activities that shaped Nigeria’s economy last week ending June 9, 2018
Penultimate Monday, the National Bureau of Statistics (NBS) released the Foreign Trade Statistics for Q1-2018, wherein the total value of Nigeria’s merchandise trade increased 19.74% q/q to NGN7.21 trillion from NGN6.02 trillion in Q4-2017 and 35.07% y/y from NGN5.34 trillion…
Sight and sound of Nigerian economy last week ending May 26, 2018, by BHIU
The week in review kicked off with the release of data from the National Bureau of Statistics (NBS), which shows that the domestic economy expanded in the three months to March 2018, with real GDP growing by 1.95% y/y (vs….
Emir Sanusi at AfDB meeting, calls for regional cooperation, structural reforms in Africa
Former Central Bank of Nigeria (CBN) Governor and current Emir of Kano, Muhammadu Sanusi II, has stressed that Africa’s development agenda must focus on the socio-cultural and commercial interests of Africans and the upliftment of Africa’s trade and economic ecosystem….
Released Q1 GDP figure indicates good economic takeoff in January 2018
The National Bureau of Statistics (NBS) on Monday, released Nigeria’s Q1-18 GDP figure, showing a positive start to the year, with real GDP growing by 1.95% y/y (vs. revised 2.11% y/y in the previous quarter and -0.91% y/y in Q1-2017)….
Lead business fronts that shaped Nigerian economy last week ending May 19, 2018
The week in review kicked off with the release by the National Bureau of Statistics (NBS) of Nigeria’s headline consumer price index which recorded its fifteenth consecutive deceleration, moderating to 12.48% y/y (compared to 13.34% in April 2018). On a…
Okorocha, El-Rufai, 20 other states’ govs fail to attract any investment in Q1
Contrary to claims of inflow of investments to their states since this year, figures from the National Bureau of Statistics (NBS) have revealed that between January and March this year, about 22 state governors could not attract any form of…
Economic recovery deepens as Nigeria’s headline CPI sustains downward trend
Latest figures churned out from the National Bureau of Statistics (NBS) on April 2018 inflation report, have indicated continuous recovery of the economy from recession as headline consumer price index (CPI) dropped to 12.48 per cent. Having started since 2017,…
