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CSEA Advises CBN On Monetary Policy Options To Tackle Inflation

The Centre for the Study of Economies of Africa (CSEA), a research firm committed to analytical researches on Africa’s economic trends, has advised the Central Bank of Nigeria (CBN) to consider reviewing the Monetary Policy Rate (MPR) as a desirable monetary option to thawing Nigeria’s rising Inflation rates. Specifically, the CSEA researchers pointed out that […]

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NBS Reports 0.82% Rise In All Commodity Group Import Index

The National Bureau of Statistics (NBS) has reported that Nigeria’s All commodity group import index increased by 0.82% between January and March, 2021. The agency attributed the rise mainly to increase in the prices of Mineral products (1.53%), Live animals; animal products (1.38%) and Animal and Vegetable fats and oils and other Cleavage products (1.24%). […]

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Again, FG Shifts NIN-SIM Data Verification Deadline To July 26

In what seems to be a reflection of the realities on ground on the ongoing NIN-SIM verification exercise, the Federal Government has approved July 26, 2021as the new deadline for the completion of the exercise nationwide. The Director, Public Affairs Nigerian Communications Commission (NCC), Ikechukwu Adinde and the Head, Corporate Communications, Nigeria Identity Management Commission […]

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Nigeria’s Inflation Rate Declines To 17.93% In May

The National Bureau of Statistics (NBS) on Tuesday reported that Nigeria’s Composite Price Index (CPI), which measures inflation, dropped marginally to 17.93 percent year-on-year (YoY) in May 2021 from 18.12% recorded in the preceding month. The May rate represented 0.19% points lower than the rate recorded in April The official statistical data producing and publishing […]

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CSEA Charts Roadmap To Improved OPS’ Funding, E-Banking Transactions

The Centre for the Study of the Economies of Africa (CSEA), a leading economic research and analysis organisation, has advocated the need for financial intermediaries in Nigeria to continue to play their roles in promoting private sector growth by providing appropriate and easily accessible credit facilities. In addition, the research group also charged financial sector […]

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Nigeria’s Inflation Rate Dips To 18.12% In April

The National Bureau of Statistics (NBS) has reported a slight decrease in Nigeria’s Consumer Price Index (CPI), which measures the general price level (inflation) in the economy, from 18.17 percent rate recorded year-on-year in March to 18.12 percent in April 2021. The NBS stated that the drop represented 0.05 per cent points lower than the […]

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Nigeria’s Corporate Tax Collections Grew 32.84% In Q1,2021

Indications that the nation’s economy is gaining productive traction have emerged with the Company Income Tax (CIT) collections rising to N392.77billion in the first quarter this year, representing 32.84 percent year-on-year (YoY) increase over collections in the corresponding quarter of last year. The latest Company Income Tax By Sectors (Q1, 2021) just published by the […]

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Insecurity: Reps Urge FG To Suspend 2021 Population, Housing Census

The House of Representatives on Wednesday urged the Federal Government to immediately suspend the proposed 2021 population and housing census planned to be conducted by the National Population Commission (NPC), due to rising insecurity challenge in the country. The lawmakers’ advice was sequel to the adoption of a motion of urgent public importance on the […]

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NBS Seals MoU With NPA On Data Analytics, Capacity Building

The National Bureau of Statistics (NBS) on Tuesday signed Memorandum of Understanding (MoU) with the Nigerian Ports Authority (NPA) as part of its collaborative initiatives with stakeholders in the nation’s political economy to enhance the nation’s statistical system. In his remarks during the pact with the NPA, the Statistician General of the Federation, Dr. Yemi […]

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States’ IGR Dips To N1.31Trn In 2020, Lagos Accounts For 32.1%

The National Bureau of Statistics (NBS) has reported that the 36 states collected a total of N1.31 trillion as Internally Generated Revenue (IGR) in fiscal year 2020, representing about N200 billion drop from the N1.33 trillion revenue they collected in the preceding year. The Bureau in its just published report on internally generated revenue (IGR) […]