With average monthly oil prices sliding towards $90/ barrel as other exogenous risks such as an Iran strike die down, (with the new less hawkish Kadima-Likud Israeli government), Nigeria remains particularly vulnerable to an oncoming oil price shock.
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Nigeria's inflation rate rose to 12.9 percent in April, year on year, from 12.1 percent in March, data from the National Bureau of Statistics showed on Tuesday. Food inflation, the largest component of the index, fell slightly to 11.2 percent, compared wi
In its second year of economic projections, the NBS is also evolving in its approach to forecasting by employing an econometric model to augment results from the traditional methods of surveys and its system of administrative statistics. A Bayesian Vector
Sub-Saharan Africa's economies will expand at a slower rate in 2012 than earlier projected, undermined by global financial distress and a sluggish recovery in South Africa, the International Monetary Fund (IMF) said on Monday.
The economies of rated sub-Saharan African (SSA) sovereigns should continue to grow solidly over the coming two years, says Standard & Poor's Ratings Services today in the new report card"High Commodity Prices And Infrastructure Spending Are Fueling Growt
The Federation Account Allocation Committee (FAAC) met and shared N497.73 billion for the month of March under the Chairmanship of the Honourable Minister of State for Finance, Dr Yerima Lawan Ngama.
The fact that corruption in Nigeria's oil subsidy programme has been officially uncovered is encouraging, both politically and economically, Fitch Ratings says.
Increase in headline and core inflation. Nigeria’s inflation rate increased to 12.1 per cent y/y in March 2012 (fig. 1), 20 bps higher than 11.9 per cent recorded in the previous month.
The Composite Consumer Price Index which measures inflation rose to 12.1 percent year-on-year in March 2012. This figure is 0.2 percentage points lower than 11.9 percent recorded in the previous month. The monthly composite CPI was higher by 1.6 percent w
With the theme “From BRICS to BRINCS: Lagos holds the Key”, the Lagos state government’s 6th Economic Summit (“Ehingbeti” 2012) designed to last three days begins with focus on investment opportunities within the state, especially in the Power, Agricultur
Experts and stakeholders expressed opinions, evaluations, assessments and predictions on the possible place of Nigeria, and indeed Lagos state among fast developing nations this century.
The 2012 budget which was passed into law on Friday 13th 2012 by President Goodluck Jonathan has a reduced total spending of N4.697 trillion ($29.81 billion) from N4.88 trillion proposed by the parliament last month with the spending plans based on oil pr