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June 2023 8.3% Previous Oil Production 1.3mbpd 1.2mbpd Period M -o M% July 27 2023 3.8% Previous FX Reserves $35.6bn $34.3bn Period M -o M% July 27 2023 8.9% Previous Market Capitalisation ₦35.6tn ₦32.7tn July 2023 1.8% Previous Inflation 22.8% 22.4 % NB: The cut off date is as of July 27, 2023 ₦ $ Source: NBS, CBN, NGX, PwC Analysis ...
- Nigeria (Bi-monthly) Economic Outlook - Strategy&
The Dynamics of Nigeria’s GDP Growth Rate Source: NBS, PwC...
- Nigeria (Bi-monthly) Economic Outlook - Strategy&
Feb 27, 2024 · Government policies have worsened the economic crisis, trade unions say. Nigeria is currently experiencing its worst economic crisis in a generation, leading to widespread hardship and anger. A ...
Global growth settled at an estimated 2.6% in 2023, according to the World Bank, as Central Banks in developed economies approached the end of their monetary tightening streak aimed at reining inflation to their 2% target. On the global horizon, we anticipate a moderate growth, lower inflation, and interest rate cuts after initial pause to ...
Feb 6, 2023 · The last seven years (2015–2021) have been tough for Nigerians. During this period, GDP growth averaged 1.1 percent as the country experienced two economic recessions. Unemployment and ...
The Dynamics of Nigeria’s GDP Growth Rate Source: NBS, PwC Analysis • The marginal growth in GDP by 2.5% in Q2 2023 from 2.3% in Q1 2023 was caused by the lingering effect of the cash crunch and the emerging effect of domestic reforms (subsidy removal and FX liberalisation) •
Nov 30, 2023 · Key Highlights from the NESG Alert on Nigeria’s GDP for 2023Q3. The Nigerian economy stood flat at 2.5 percent (year-on-year) in the third quarter of 2023 relative to 2023Q2 but was an improvement over the economic expansion in 2022Q3. Cumulatively, economic growth stood at 2.5 percent lower than the average growth of 3 percent, partly ...
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Nigeria Economic Outlook. Recent macroeconomic and financial developments. economic growth in Nigeria slowed from 3.3% in 2022 to 2.9% in 2023 due to high inflation and sluggish growth in the global economy, which declined from 3.5% in 2022 to 3.2% in 2023. Growth was driven by services and agriculture on the supply side and by consumption and ...
