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Economic Indicators

Nigeria’s population up 201 million as lower fertility rate, life expectancy rate of 55 years

With an average population growth of 2.6 per cent between 2010 and 2019, Nigeria now has a population of about 201 million. The United Nation Population Fund (UNFPA) unveiled this estimate in its 2019 State of the World Population report. The report said that Nigeria’s population...

Nigeria needs to reform CAMA to boost investment climate – UK

Nigeria and the United Kingdom have agreed to fast-track key regulation to deepen the insurance market, expand the digital economy, and explore Naira-denominated financial instruments in collaboration with the City of London. Both countries are also to endeavour to accelerate progress on franchise regulation to...

Nigeria on the path of Economic Recovery

On the Domestic Scene there is hope that the Nigerian economy will exit the current recession has improved further as the manufacturing and non-manufacturing activities increased in the month of June 2017 despite the decrease in the monetary aggregates. Manufacturing Purchasing Manager’s Index (PMI) in...

Nigeria’s Central Bank Seeks to Curb Inflation with Lower Naira Denominations

Bamidele Famoofo reports that the attempt by the Central Bank of Nigeria to flood markets with lower denominations of the naira would boost the country’s effort to decelerate inflation The decision of the Central Bank of Nigeria to pump lower denominations of the country’s currency...

Nigerian Banks Set Up $560 Million Fund for Commodity Exporters

By Emele Onu Aboard The Ladol Offshore-Oil Hub Ahead Of Possible Nigerian Stock Listing Nigerian banks agreed to start a 200 billion-naira ($560 million) fund to support the production and export of commodities including palm oil, cocoa and cashew nuts, according to the managing...

Nigeria plans 140 bln naira treasury bill sale next week

LAGOS, Sept 13 - Nigeria plans to sell 140.9 billion naira ($433.5 million) worth of treasury bills at an auction next week, the central bank said on Wednesday. The bank said it plans to offer 28.12 billion naira of three-month debt, 23.68 billion in...

Nigeria’s inflation rises to 18.72 pct y/y in Jan: stats office

LAGOS  - Annual inflation in Nigeria rose in January to 18.72 percent from 18.55 percent in December, the National Bureau of Statistics said on Wednesday. A separate food index showed inflation at 17.82 percent from 17.39 percent in December, the statistics office said. Reuters

Labour Commends Dangote on Investment Drive, Socio-Economic Development

…urges others to emulate him Following his fresh investments in automobile and agriculture, the organized labour in the country has commended Alhaji Aliko Dangote, President and the Chief Executive of Dangote Group for promoting investments and creating thousands of direct and indirect youth employments across...

Nigeria’s External reserves projected to hit $30 billion in Q1

Nigeria’s external reserves which fell to a low of $23.9 billion on October 19, 2016 has been projected to increase to $30 billion in March this year, by analysts in the financial services sector. Nigeria’s foreign reserves stood at $28.9 billion as at Tuesday, January...

Aishah Ahmad, FirstBank’s Adeduntan, 0thers considered as next CBN Gov

As the clock ticks away for the tenure of the Central Bank Governor, Mr Godwin Emefiele, speculations are rife that a woman top banker, Mrs Aishah Ahmad, one of his deputies, and any among eight others may be his likely successor if he’s not...
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