Respite underway as inflation makes back-to-back decline by 0.52 % in March
Technical recovery of the Nigerian economy seems insight as the National Bureau of Statistics (NBS), on Thursday, said inflation dropped by 0.52 percent in March, the second decline recorded on the year- on- year calculation. Initial decline was recorded in…
MPC meets today as experts expect lowering of lending rate, CBN thinks otherwise
The Monetary Policy Committee (MPC) of Central Bank of Nigeria (CBN) will today, Monday begin its second meeting on review of monetary policy activities in Abuja. The meeting is expected to end Tuesday with a communiqué which will roll out…
Recession receding as Nigeria’s inflation falls to 17.78% in February – NBS
Respite on recession seems underway as latest report on the nation’s presented by the National Bureau of Statistics (NBS) on Tuesday showed that Nigeria’s inflation rate has begun reversal trend as February figure showed drop to 17.78 percent from January…
Surprise as Nigeria records N671bn trade surplus in Q4 2016
The National Bureau of Statistics has released a fresh report indicating that the value of the total trade at the end of 2016 was N17. 35bn and that Nigeria’s external trade in the fourth quarter of 2016 was valued at…
Recession, others shrink manufacturing sector’s stake to GDP by N80bn in 2016—NBS
Fresh report from the National Bureau of Statistics (NBS) has shown that the manufacturing sector’s contribution to the economy dropped from N8.97tn as of the end of December 2015 to N8.89tn as of the end of December 2016. Before now,…
Analysts explain why GDP squeezed by -1.30% in Q4 2016
Latest economic data released by the National Bureau of Statistics (NBS), in the fourth quarter of 2016, has shown that the nation’s Gross Domestic Product (GDP) contracted by -1.30 per cent (year-on-year) in real terms, from N18,533.75 billion in Q4…
