The National Bureau of Statistics (NBS) has reported that Nigeria’s All-Commodity Group Import and All-Commodity Group Export Price indices increased in the third quarter of this year. In its ‘Commodity Price Indices and Terms of Trade (Q3 2023)’ report just published on its website, the Bureau indicated that the All-Commodity Group Import Index on average […]
…..As Kerosene’s Surges 18.78% The average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) increased by 5.82% on a month-on-month basis from N4,562.51 recorded in October 2023 to N4,828.18 in November 2023, the National Bureau of Statistics (NBS) has reported The statistics agency, in its ‘Liquefied Petroleum Gas (Cooking Gas) […]
Apart from Lagos, Nigeria’s economic capital, Ogun State is Nigeria’s most economically viable state, a report by Economic Confidential, a subsidiary of PR Nigeria, has indicated. Pointing to Ogun State’s status as Nigeria’s topmost investment destination after Lagos, the report showed that the Dapo Abiodun-led Ogun State outperformed Rivers State, which joined Lagos and Ogun […]
With the removal of fuel subsidy last June by the President Tinubu’s administration, travellers in the country have been paying higher fares for all modes of transportation, with the average intercity transport fare per drop surging by 61.27% last November for road travels. The National Bureau of Statistics, in its ‘Transport Fare Watch (November 2023)’ […]
Researchers at Comercio Partners, a leading trading, investment and advisory services providers have projected that Nigeria’s inflation would sustain the current surging trend in the months ahead, despite ongoing policy measures by the Central Bank of Nigeria (CBN) and the fiscal authorities to moderate the general price level in the economy. The experts, in the […]
Researchers at CAPE Economic and Research Consulting firm, a leading economic research and analytics company, have projected that Nigeria’s Gross Domestic Product (GDP) growth rate may moderate at 2.11% in the fourth quarter of this year amid sustained macroeconomic headwinds. The analysts, in the firm’s latest Economic Newsletter Volume 2, Issue 11, November 2023′ report […]
As projected by many analysts and economic experts, Nigeria’s headline inflation rose to 28.20% in November this year, representing 0.87 % increase over the 27.33% recorded in the preceding month. The National Bureau of Statistics (NBS) on Friday in its ‘CPI and Inflation November 2023’ report published on its website indicated that on a month-on-month […]
The Nigeria Data Protection Commission (NDPC) has launched the Nigeria Data Protection Strategic Roadmap and Action Plan (NDP-SRAP 2023-2027). expected to create about 500,000 jobs and generate more than N125 billion in revenues. The launch of the five-pillar NDP-SRAP was held concurrently with a capacity-building workshop on Data Privacy and Protection for Data Protection Officers […]
Apparently convinced that the current reform efforts of the President Bola Tinubu-led administration would impact the nation’s socio-economic system positively in the months ahead, the Central Bank of Nigeria (CBN) has projected that the rising inflation and foreign exchange (FX) rates would decline in 2024. Similarly, the CBN also predicted that there would be less […]
Managing Director of International Monetary Fund (IMF), Kristalina Georgieva, has urged Central Banks globally against rushing to relax their current policy measures aimed at curbing surging inflation rates of the economies even with the Federal Reserve signalling its policy pivot next year. Georgieva, was quoted to have given the warning in a report by Bloomberg […]