Economic Indicators

Naira exchange rate against other major currencies

Date Currency Buying(NGN) Central(NGN) Selling(NGN) 3/16/2017 US DOLLAR 305.75 306.25 306.75 POUNDS STERLING 377.2344 377.8513 378.4682 EURO 327.9169 328.4531 328.9894 YEN 2.695 2.6994 2.7038 CFA 0.4755...

How Nigerians deplete the nation’s external reserves through mindless importation, transfers and debt service weekly

Week of 4/30/2016 Travels $0 Inward Money Transfers $0 Cash sale to Bureau De Change & Banks* $0 Letters of Credit $899,162.25 Total Direct Remittances $273,604,734.45...

Nigeria external reserve as at 15th March 2017

Date Gross Liquid Blocked % 3/15/2017 30,267,110,169 29,571,024,336 696,085,833 2.30% 3/14/2017 30,231,261,726 29,533,753,824 697,507,902 2.31% 3/13/2017 30,194,865,481 29,496,025,530 698,839,951 2.31% 3/10/2017 30,079,351,596 29,376,951,436 702,400,160 2.34% 3/9/2017...

Nigeria inflation Rates for January-February(Per cent) 2017

Month January February All Items (Year on Change) 18.72 17.78 0.00 All Items (12 Months Avg. Change) 16.44 16.96 0.00 Food (Year on Change)/1 17.82 18.53...

Nigeria external debt as at 31st December, 2016 in millions of USD

Provisional Category Principal Balance Principal Arrears Interest Arrears Total Percentage ofTotal MULTILATERAL World Bank Group IDA 6,669.57 0.00 0.00 6,669.57 – IBRD 3.88 0.00 0.00 3.88...

Insurers, traders divided on insurance cover for fire incidents

Insurance operators and traders are divided over the lack of insurance cover to mitigate losses suffered by traders during fire incidents. Market fire disasters have become...

Bank lending to private sector to increase by 20%

Banks’ lending to private sector which has been dawdling since the Central Bank of Nigeria (CBN) commenced its reform of the banking sector is expected to...

Central Bank of Nigeria Communiqué No. 81 of the Monetary Policy Committee Meeting of Monday and Tuesday, January 30 and 31, 2012

The Monetary Policy Committee (MPC) met on January 30 and 31, 2012 with all 12 members in attendance to review the domestic economy in 2011 and...

LCCI caution FG on 2012 budget, it could further impoverish Nigerians

By Omoh Gabriel Lagos Chamber of Commerce and Industry, a body of the organized private sector and the oldest in the country yesterday took a swipe...

Nigerian Stock Market Statistics (Wednesday, 14th December, 2011)

Market Cap (N’bn) 6,275.36 Market Cap (US$’bn) 38.69 NSE All-Share Index 19,849.31 Daily Performance % (0.11) \1 Week Performance % 0.10 YTD Performance % (19.87) Daily...

BUDGET TABLE Federal/States’ Budgets since 2005 States are in Billion naira while FG is trillion S/No States 2005 2006 2007 2008 2009 2010 1 Abia 24.1...

Nigeria’s new car imports up 40% — dealers

Nigeria’s new car imports jumped 40 per cent in the first nine months of 2011 compared to the same period last year, although sales were expected...