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Tuesday November 22 2016
Nigeria Leaves Key Rate Unchanged at 14%  
The central bank of Nigeria hold its benchmark interest rate steady at 14 percent at its November 2016 meeting, in an attempt to control the inflationary pressure amid foreign exchange scarcity. The inflation rate hit a fresh eleven-year high of 18.3 percent in October and the economy contracted for the third straight quarter in three months to September of 2016 due to lower prices of oil.
Monday November 21 2016
Nigerian Economy Contracts for 3rd Quarter  
The GDP in Nigeria shrank 2.24 percent year-on-year in the third quarter of 2016, following a 2.06 percent decline in the previous period and marking the third consecutive quarter of contraction. Figures compare with market expectations of a 2.58 percent decline. Lower oil prices continued to hurt the oil sector which slumped for the fourth straight quarter while the non-oil sector was flat after shrinking in the previous two periods.
Monday November 14 2016
Nigeria Inflation Rate Rises to 18.3% in October  
Nigeria's consumer prices increased by 18.3 percent year-on-year in October 2016, following a 17.9 percent growth in the previous month and above market expectations of 18.2 percent. It was the highest inflation rate since October 2005, as prices for food continued to rise.
Friday October 14 2016
Nigeria Inflation Rate Hits Fresh 11-Year High  
Consumer prices in Nigeria went up by 17.9 percent year-on-year in September of 2016, following a 17.6 percent rise in the previous month and in line with market expectations. It was the highest reading since October 2005 boosted by cost of food, housing and utilities and transport.
Tuesday September 20 2016
Nigeria Holds Key Rate Steady at 14%  
The central bank of Nigeria left its benchmark interest rate unchanged at 14 percent at its September 2016 meeting, as expected. It follows a 200bps hike last meeting aiming to control the inflation and support the naira after the central bank abandoned the currency peg to the dollar in June. The inflation rate hit an eleven-year high of 17.6 percent in August and the economy shrank for the first time in more than twenty years in the second quarter of 2016 due to lower oil prices. The cash reserve ratio for commercial banks was also left on hold at 22.5 percent.
Friday September 16 2016
Nigeria Inflation Rate Highest Since 2005  
Consumer prices in Nigeria rose by 17.6 percent year-on-year in August of 2016, following a 17.1 percent gain in the previous month. It was the highest figure since October 2005 as cost of housing and utilities, food and transport rose at a faster pace.
Wednesday August 31 2016
Nigeria Inflation Rate Hits Fresh 11-Year High in July  
Consumer prices in Nigeria jumped by 17.1 percent year-on-year in July of 2016, following a 16.5 percent increase in the previous month, compared to market expectation of 17.15 percent rise. It was the highest record since October 2005 as weak naira keeps pushing up food prices.
Wednesday August 31 2016
Nigerian Economy Shrinks 2.1% YoY in Q2  
The GDP in Nigeria shrank by 2.1 percent year-on-year in the second quarter of 2016, compared to a 0.36 percent drop in the previous period and worse than market consensus of a 1.5 percent decline. It is the first contraction in 20 years due to a decline in oil prices.
Tuesday July 26 2016
Nigeria Hikes Key Rate to 14% in July  
The central bank of Nigeria raised its benchmark interest rate by 200 bps to 14 percent at its July 2016 meeting. It was the second rate hike so far this year, after the central bank abandoned the currency peg to the dollar in June. Since then, the naira plunged more than 55 percent to an all time low. In addition, the inflation rate kept its upward trend and reached 16.5 percent in June, the highest since 2005.
Saturday August 20 2016
Nigeria Inflation Rate Highest Since 2005 in June  
Consumer prices in Nigeria surged by 16.5 percent year-on-year in June of 2016, following a 15.6 percent jump in May. Figures came above market expectations of 16.3 percent increase, mostly driven by sharper rise in cost of food, housing and utilities.
Tuesday June 14 2016
Nigeria Inflation Rate Highest Since February 2010  
Consumer prices in Nigeria jumped 15.6 percent year-on-year in May of 2016, following a 13.7 percent rise in the previous month. It was the highest reading in more than 6 years, as cost of food, housing, utilities and transport surged mostly due to 67 percent increase in gasoline prices. Nigeria struggles with rising import cost due to a weak naira after lower oil prices led to a decline in foreign reserves and as oil production reached a historical low in May after Niger Delta Avengers attacked Chevron oil facilities. On a monthly basis, consumer prices went up 2.75 percent.
Tuesday May 24 2016
Nigeria Leaves Key Rate on Hold at 12%  
The central bank of Nigeria kept its benchmark interest rate unchanged at 12 percent at its May 2016 meeting, despite surging inflation, contracting economy and rising unemployment while market expected a hike of 100 bps. Policymakers also voted for a greater-flexibility in exchange rate after it has been pegged for 15 months.
Friday May 20 2016
Nigerian Economy Shrinks 0.4% in Q1  
The GDP in Nigeria contracted by 0.36 percent year-on-year in the first three months of 2016, compared to a 2.11 percent expansion in the previous period and way below forecasts of 1.7 percent growth. It is the first contraction since the June quarter of 2004 as the non-oil sector contracted, mainly due to a slowdown in the services sectors due to a weakening naira while lower oil prices keep dragging the oil sector down.
Monday May 16 2016
Nigeria Inflation Rate Jumps to Nearly 6-Year High  
Consumer prices in Nigeria surged 13.7 percent year-on-year in April of 2016, compared to a 12.8 jump in the previous month. The inflation rate accelerated for the third straight month, reaching the highest since August of 2010, boosted by higher cost of food, electricity, due to the effect of higher tariffs assigned in February and transport.
Tuesday April 12 2016
Nigeria Inflation Rate at Nearly 4-Year High  
Consumer prices in Nigeria increased 12.8 percent year-on-year in March of 2016, following a 11.4 percent jump in the previous month. It was the highest figure since July 2012, mainly boosted by food prices.
Tuesday March 22 2016
Nigeria Raises Key Rate to 12%  
The central bank of Nigeria unexpectedly hiked its benchmark interest rate by 100 bps to 12 percent at its March 22nd meeting, aiming to curb rising inflation which in February hit double digit of 11.4 percent. The inflation rate has been above the central bank’s target band of 6 to 9 percent since June last year. The central bank last increased the key rate by 100 bps to 13 percent in November of 2014 but in November last year cut it to 11 percent. Policymakers also raised its cash reserve ratio by 250 bps to 22.5 percent and retained the liquidity ratio at 30 percent.
Tuesday March 15 2016
Nigeria Inflation Rate Hits Double Digit  
Consumer prices in Nigeria jumped 11.4 percent year-on-year in February of 2016, following a 9.6 percent increase in the previous month and way above market expectations of a 10 percent rise. It is the highest reading since December 2012, as a falling naira keeps pushing import prices up, mainly food.
Tuesday March 08 2016
Nigeria GDP Growth Slows in Q4  
The Nigerian economy advanced 2.11 percent year-on-year in the fourth quarter of 2015, slowing from a 2.84 percent expansion in the previous period and below market expectations of a 2.6 percent increase. It is the lowest growth rate since at least 2005 as lower oil prices keep hurting the oil sector, dragging government revenues down and weakening the naira.
Monday February 15 2016
Nigeria Inflation Rate Steady at 9.6% in January  
Annual inflation rate in Nigeria came in at 9.6 percent in January of 2016, the same as previous month and the highest since December of 2012 as a falling naira keeps pushing import prices up, mainly food.
Tuesday January 26 2016
Nigeria Leaves Key Rate on Hold at 11%  
The central bank of Nigeria kept its benchmark interest rate at 11 percent on January 26th, as widely expected, following an unexpected cut by 200bps at its November meeting in order to boost growth. The bank also held the cash reserve ratio for commercial banks at 20 percent.
Monday January 18 2016
Nigeria Inflation Rate at 3-Year High  
Consumer prices in Nigeria went up 9.6 percent year-on-year in December of 2015, compared to a 9.4 percent rise in the previous month. The inflation rate reached the highest since December of 2012 as a falling naira keeps pushing import prices up, mainly food.
Monday December 14 2015
Nigeria Inflation Rate Rises to 9.4% in November  
Consumer prices in Nigeria went up by 9.4 percent year-on-year in November of 2015, following a 9.3 percent increase in the previous month. The rise was mainly driven by higher food and non-alcoholic prices due to a fuel shortage.
Tuesday November 24 2015
Nigeria Lowers Key Rate to 11%  
The central bank of Nigeria unexpectedly cut its benchmark interest rate by 200 bps to 11 percent on November 24th. It is the first reduction since 2009 aiming to boost growth amid high inflation. Policymakers also widened the interest rate corridor by 200 bps above and 700 bps below the benchmark interest rate, bringing the cost of borrowing to commercial lenders to 4 percent and cost of lending to 13 percent. The cash reserve ratio was also lowered to 20 percent from 25 percent.
Tuesday November 17 2015
Nigeria GDP Growth Accelerates Slightly in Q3  
The Nigerian economy grew by 2.84 percent year-on-year in the third quarter of 2015, following a 2.35 percent expansion reported in the previous period. The oil sector, accounting for nearly 11 percent of total production rebounded while services sector growth slowed.
Monday November 16 2015
Nigeria Inflation Rate Slows Slightly in October  
Consumer prices in Nigeria went up 9.3 percent year-on-year in October of 2015 after rising 9.4 percent in the previous month. The inflation rate eased for the first time in eleven months mainly due to slower increases in cost of food, housing and utilities.
Wednesday October 14 2015
Nigeria Inflation Rate Edges Up in September  
Annual inflation rate in Nigeria rose to 9.4 percent in September of 2015, following a 9.3 percent growth in the previous month. It was the highest value since February of 2013, driven by increased food price during the Muslim holiday period.
Tuesday September 22 2015
Nigeria Holds Key Rate, Cuts Cash Reserve Ratio to 25%  
The central bank of Nigeria left its benchmark interest rate steady at 13 percent at its September 22nd, 2015 meeting. However, policymakers cut bank's cash reserve ratio to 25 percent from 31 percent, aiming to increase liquidity.
Wednesday August 26 2015
Nigeria GDP Growth Slows in Q2  
The Nigerian economy grew by 2.35 percent year-on-year in the second quarter of 2015, down from a 3.96 percent expansion reported in the previous quarter. It is the lowest gdp growth rate since the quarterly data is being released due to decline in oil production and prices.
Wednesday August 12 2015
Nigeria Inflation Rate Unchanged at 9.2%  
Annual inflation rate in Nigeria rose by 9.2 percent in July of 2015, remained steady from the previous month.
Friday July 24 2015
Nigeria Leaves Monetary Policy Unchanged  
Nigeria’s central bank left the monetary policy rate on hold at 13 percent on July 24th. As policymakers voiced concern over the rise in headline inflation, while saying that monetary policy is going to remain tight due to high liquidity.
Tuesday July 14 2015
Nigeria Inflation Rate Highest In More Than 2 Years  
Annual inflation rate in Nigeria rose for the seventh consecutive month to 9.2 percent in June of 2015 from a 9.0 percent in May. It was the highest figure since February of 2013, mainly driven by food price.
Friday June 12 2015
Nigeria Inflation Rate Highest In 2-Years  
Annual inflation rate in Nigeria rose for the sixth consecutive month to 9 percent in May of 2015 from a 8.7 percent in April, driven by food prices.
Tuesday May 19 2015
Nigeria Holds Key Interest Rate at 13 percent  
Nigeria’s central bank left the monetary policy rate unchanged at 13 percent on May 19th, while setting a unified cash reserve requirement for public and private sector deposits. Policymakers showed concern over foreign reserves level, while saying that monetary policy is gradually approaching the limits of tightening.
Thursday May 14 2015
Nigeria Inflation Rate at Nearly 2-Year High  
Consumer prices in Nigeria rose 8.7 percent year-on-year in April of 2015, up from 8.5 percent in the previous month and the highest increase since July of 2013, mainly driven by food cost.
Thursday July 02 2015
Nigeria GDP Growth at 2-Year Low  
The Nigerian economy expanded 3.96 percent year-on-year in the first three months of 2015, the lowest growth since the last quarter of 2012. It was the third straight quarter of slowdown as lower oil prices and supply constraints dragged the oil sector down.
Thursday April 16 2015
Nigeria Inflation Rate Edges Up in March  
Nigerian annual inflation rate rose for the fourth consecutive month to 8.5 percent in March of 2015, touching the highest in 7 months and driven by food prices.
Tuesday March 24 2015
Nigeria Leaves Monetary Policy Unchanged  
Nigeria’s central bank left the monetary policy rate unchanged at 13 percent at its March 24th meeting, as the current policy stance should be enough to anchor inflation expectations.
Tuesday March 17 2015
Nigeria Inflation Rate at 6-Month High  
Nigeria annual inflation rate continued to grow to 8.4 percent in February of 2015 from 8.2 percent in the previous month, as a falling naira keep pushing imported food prices up.
Monday February 23 2015
Nigeria GDP Growth Slows Slightly in Q4  
The Nigerian economy advanced 5.94 percent year-on-year in the last three months of 2014, slightly down from a 6.23 percent increase in the previous period. It is the lowest figure in five quarters due to a slowdown in the services sector.
Monday February 16 2015
Nigeria Inflation Rate Highest in 4-Months  
Nigeria annual inflation rate accelerated slightly to 8.2 percent in January of 2015 from 8 percent in the previous month, driven mostly by higher food, housing and utilities prices.
Tuesday January 20 2015
Nigeria Keeps Interest Rate on Hold at 13%  
Nigeria’s central bank left the monetary policy rate unchanged at 13 percent at its January 20th meeting, and remained defiant against the pressure to devalue the currency.
Tuesday January 20 2015
Nigeria Inflation Rate Rises Sightly in December  
Nigeria annual inflation edged up to 8 percent in December of 2014 from 7.9 percent in the previous month, as food prices increased for the first time in four months.
Monday December 15 2014
Nigeria Inflation Rate Down to 7.9%  
Nigerian annual inflation rate eased for the third straight month to 7.9 percent in November of 2014, slightly down from 8.1 percent in the previous month due to lower food prices.
Tuesday November 25 2014
Nigeria Interest Rate at Record High  
Nigeria’s central bank devalued the naira and raised the monetary policy rate by 100 bps to 13 percent as it tries to defend the currency hit by lower oil prices.
Monday November 17 2014
Nigeria GDP Expands 6.23% in Q3  
The Nigerian economy advanced 6.23 percent year-on-year in the three months to September of 2014, marginally down from 6.54 percent in the previous period. Yet, the oil sector stalled, hurt by lower production and a fall in international prices.
Monday November 10 2014
Nigeria Inflation Rate Slows in October  
Nigerian annual inflation rate eased for the second consecutive month to 8.1 percent in October of 2014 from 8.3 percent in September, as food prices posted the lowest gain since March.
Wednesday October 15 2014
Nigeria Inflation Rate Edges Down in September  
Nigerian annual inflation rate slowed slightly to 8.3 percent in September of 2014 from 8.5 percent in August, as food prices eased for the first time in six months.
Friday September 19 2014
Nigeria Leaves Monetary Policy Unchanged  
At its September meeting, Nigeria’s central bank decided to hold the benchmark interest rate at 12.0 percent, showing concerns about high banking system liquidity and its potential effects on inflation and the exchange rate.
Monday September 15 2014
Nigeria Inflation Rate Up to 8.5% in August  
Nigeria annual inflation rate accelerated for the sixth consecutive month to 8.5 percent in August of 2014 from 8.3 percent in the previous month due to rising food and transport cost.
Monday September 08 2014
Nigeria GDP Growth Accelerates in Q2  
Nigerian GDP advanced 6.54 percent year-on-year in the April to June period, driven by a rebound in oil production. According to Nigeria National Bureau of Statistics estimates, the economy accelerated from a 6.21 percent expansion in the first three months of 2014 and a 5.4 percent increase a year earlier.
Monday August 18 2014
Nigeria Inflation Rate Rises Further in July  
Nigeria annual inflation rate accelerated further to 8.3 percent in July from 8.2 percent in the previous month. It the highest rate in twelve months, driven by higher food prices.
Friday July 25 2014
Nigeria Becomes Africa’s Largest Economy  
In April of 2014, Nigerian National Bureau of Statistics had revised the country’s GDP in 2013 from 42.4 trillion naira to 80.2 trillion naira. As a result, Nigeria’s output grew by 89 percent, making the country Africa’s largest economy, ahead of South Africa. 
Wednesday July 23 2014
Nigeria Leaves Benchmark Interest Rate on Hold at 12%  
At its July meeting, Nigeria’s central bank decided to hold the benchmark interest rate at 12.0 percent, but hinted a gradual rate cut in the next years as price pressures ease.
Wednesday July 16 2014
Nigeria Inflation Rate Accelerates in June  
Nigeria annual inflation rate accelerated for the fourth straight month to 8.2 percent in June of 2014 from 8 percent in May, due to higher food prices.
Tuesday July 15 2014
Nigeria GDP Growth Slows in Q1  
According to Nigeria National Bureau of Statistics estimates, the country’s GDP advanced 6.21 percent year-on-year in the first quarter of 2014, lower than the revised figure of 6.77 percent recorded in the previous period. Growth was mainly driven by the services sector, while the oil sector contracted again.
Monday June 16 2014
Nigeria Inflation Rate Edges Up Slightly in May  
Nigeria annual inflation rate accelerated slightly for the third straight month to 8.0 percent in May of 2014 from 7.9 percent in the previous month, as a result of higher food prices.
Tuesday May 20 2014
Nigeria Leaves Monetary Policy Unchanged in May  
At its May 20th, 2014, Nigerian Monetary Policy Committee decided to hold the benchmark interest rate at 12.0 percent, as inflation remains within single digit, while exchange rate stability was maintained.
Wednesday May 14 2014
Nigeria Inflation Rate Up to 7.9% in April  
Nigerian annual consumer price inflation edged up to 7.9 percent in April from 7.8 percent in March as food prices rose.
Saturday May 10 2014
Nigerian Inflation Rate Edges Up Slightly in March  
Consumer prices in Nigeria accelerated 7.8 percent in March of 2014 from 7.7 percent recorded in February, as food cost edged up.
Tuesday March 25 2014
Nigeria Central Bank Leaves Rate on Hold and Hikes Reserve Ratio  
The Monetary Policy Committee decided on March 25th to hold the interest rate at 12 percent, as the Central Bank agreed to continue the existing tight monetary policies. It also decided to increase the cash reserves requirement for private sector deposits by 300 bps to 15 percent.
Monday March 17 2014
Nigeria Inflation Falls to 6-Year Low  
In February of 2014, Nigeria annual inflation rate decelerated to 7.7 percent, down from 8 percent in January, as all consumer prices slowed. The central bank targets consumer inflation between 6 and 9 percent.
Thursday February 13 2014
Nigeria Inflation Rate Unchanged at 8% in January  
In January of 2014, Nigeria annual inflation rate remained steady at 8 percent. All major prices were relatively unchanged for the second consecutive month at the single digit rate.
Wednesday January 22 2014
Nigeria’s GDP May Rise after Rebasing Exercise  
Nigeria National Bureau of Statistics will replace the present GDP price structure (base year) for the first time in 23 years with a more recent one to reflect structural changes in the economy.
Wednesday January 22 2014
Nigeria GDP Expands 7.67% in Q4 2013  
According to Nigeria National Bureau of Statistics estimates, the country’s GDP advanced 7.67 percent year-on-year in the last quarter of 2013, higher than the revised figure of 6.81 and 6.99 percent recorded in the third quarter and the corresponding period of 2012, respectively. For 2013, growth rate was estimated at 6.87 percent, up from 6.58 percent in 2012.
Wednesday January 22 2014
Bank of Nigeria Holds Key Rate at 12%  
In its January 20th and 21st, 2014 meeting, the Monetary Policy Committee of the Central Bank of Nigeria decided to leave the benchmark interest rate unchanged at 12 percent for the fourteenth straight meeting.
Tuesday January 14 2014
Nigeria Inflation Rate Rises in December  
In December of 2013, Nigeria annual inflation rate rose slightly to 8 percent, from 7.9 percent in November. Nigeria's central bank sets 2014 consumer inflation between 6 and 9 percent.
Monday December 16 2013
Nigeria Inflation Rate Accelerates in November  
In November of 2013, Nigeria inflation rate edged up for the first time in four months to 7.9 percent, mainly due to higher food prices. The October reading at 7.8 percent was the lowest in more than five years.
Tuesday November 19 2013
Central Bank of Nigeria Leaves Rate Unchanged in November  
In its 19th of November meeting, the Monetary Policy Committee of the Central Bank of Nigeria decided to leave the benchmark interest rate unchanged at 12 percent. The Committee cited attaining price and exchange rates stability, and warned of possible tightening in 2014.
Monday November 18 2013
Nigerian GDP Grows 6.81% in Q3  
In the third quarter of 2013, Nigeria’s GDP growth accelerated to 6.81 percent, up from 6.18 percent in the previous quarter. While the oil-sector shrank for the fourth quarter in a row hurt by supply disruptions, the contraction eased and daily average crude oil production rose.
Monday November 18 2013
Nigerian Economy Expands 6.81% YoY in Q3  
In the third quarter of 2013, the Nigerian economy advanced 6.81 percent, slightly up from 6.18 percent in the previous three-month period. While supply disruptions continue to hamper output in the oil sector, the agriculture, wholesale and retail trade and manufacturing sectors sustained growth.
Thursday November 14 2013
Nigeria Inflation Rate Decelerates to 7.8% in October  
In October of 2013, Nigeria annual inflation rate slowed for the third straight month to a new 5-year low of 7.8 percent, as food prices continue its downward trend as a result of the harvest season.
Wednesday October 16 2013
Nigeria Inflation Rate Down to 8% In September  
In September of 2013, Nigerian annual inflation rate eased to 8.0 percent, slightly down from 8.2 percent in the previous month, due to lower food prices.
Tuesday September 24 2013
Nigeria Monetary Policy Unchanged in September  
The Monetary Policy Committee of the Central Bank of Nigeria decided on September 24th to leave the benchmark interest rate unchanged at 12 percent. The central bank considers the present monetary policy to be effective in stabilizing the naira and the inflation rate.
Wednesday September 18 2013
Nigeria Inflation Rate Slows to 5-Year Low in August  
In August of 2013, Nigerian annual inflation rate eased to 8.2 percent, the lowest rate in more than five years, as food prices decelerated due to the onset of the harvest season.
Friday September 06 2013
Nigerian Economy Expands 6.18% YoY in Q2  
In the second quarter of 2013, Nigeria's GDP increased 6.18 percent year-on-year, the lowest expansion in more than four years. While the oil sector experienced production challenges, the non-oil sector increased, driven by agriculture, air-lines, hotels and restaurants and construction.
Friday September 06 2013
Nigeria GDP Growth Slows to 6.18% YoY in Q2  
In the second quarter of 2013, Nigerian economy grew 6.18 percent year-on-year, slower than the 6.56 percent recorded in the first quarter of 2013 and 6.39 percent a year ago, as theft and pipeline shutdowns continue to hurt the oil sector.
Monday August 19 2013
Nigeria Inflation Rate Up to 8.7% in July  
In July of 2013, Nigeria's annual inflation rate increased to 8.7 percent, from 8.4 percent in June, mainly due to higher food and house prices. Yet, the quantity of new harvested crops has not been enough to impact prices and reduce the inflation rate.
Wednesday July 24 2013
Central Bank of Nigeria Keeps the Policy Rate on Hold at 12%  
The Monetary Policy Committee of the Central Bank of Nigeria decided on July 23rd to leave the benchmark interest rate unchanged at 12 percent, citing success in containing inflation and depreciating currency.
Wednesday July 17 2013
Nigeria Inflation Rate Down to 5-Year Low in June  
In June of 2013, Nigeria's annual inflation rate dropped to 8.4 percent, from 9 percent in May, the lowest rate since April of 2008, as non-food prices slowed down.
Monday June 17 2013
Nigeria Inflation Rate Down to 9% in May  
In May of 2013, Nigeria's annual inflation rate dropped to 9 percent, from 9.1 percent in April as increase in food prices eased and the impact of last year’s higher fuel prices has been slowing down.
Wednesday May 22 2013
Central Bank of Nigeria Keeps the Policy Rate Unchanged at 12%  
The Monetary Policy Committee decided to hold the benchmark interest rate at 12 percent for the 10th time in a row. Since January of 2013, the inflation rate has been within the single digit range.
Thursday May 16 2013
Nigeria Inflation Rate Up to 9.1% in April  
In April of 2013, the inflation rate rose by 9.1 percent year-on-year, compared to 8.6 percent in March. This is the fourth consecutive month of single digit year-on-year rates being recorded.
Thursday May 09 2013
Nigerian Economy Expands 6.6% in Q1 2013  
In Q1 of 2013, GDP expanded by 6.6 percent year-on-year, down from 6.9 percent in the previous quarter, mainly due to slow growth of the non-oil sector.
Thursday May 16 2013
Nigerian Economy Remains Robust  
Recent updates for Nigeria are showing that the economy remains resilient, despite disappointing industrial production data.
Wednesday April 17 2013
Nigeria Inflation Rate Down to 8.6% in March  
In March of 2013, Nigeria annual inflation rate slowed to 8.6 percent, the lowest rate since April of 2008.
Tuesday March 19 2013
Nigeria Monetary Policy Unchanged in March  
The Monetary Policy Committee of the Central Bank of Nigeria decided on March 19th to leave the main interest rate unchanged at 12 percent.
Monday March 18 2013
Nigeria Inflation Rate Up to 9.5% in February  
In Nigeria, the inflation rate rose to 9.5 percent in February of 2013, mainly due to increases in farm producer prices.
Thursday February 28 2013
Nigeria’s Economy Grows 6.99% in Q4 of 2012  
In the fourth quarter of 2012, Nigeria GDP expanded by 6.99 percent as against 7.76 percent in the corresponding quarter of 2011, slightly lower than the initial forecast at 7.09 percent. The increase in the review quarter was attributed to the growth in the non-oil sector, particularly building and construction, cement, hotel and restaurant, and electricity sectors.
Monday February 18 2013
Nigeria Inflation Rate Down to 9% in January  
In Nigeria, the inflation rate decreased to 9.0 percent in January of 2013, as the effect of a year-earlier reduction in fuel subsidies dropped out of the calculation and food prices decreased.
Thursday May 09 2013
Nigeria GDP Expands 6.6% in Q1 of 2013  
In Nigeria, aggregate output (estimate) in the first quarter of 2013, measured by gross domestic product (GDP) grew by 6.6 per cent year-on-year, compared with 6.9 per cent recorded in the preceding quarter. The slow in the review quarter was largely attributed to the decline in the contribution of the non-oil sector.
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