Browsing: NBS

Banking sector non-performing loans drop by 41% in 2019. The banking sector assets quality improved significantly in 2019 as non-performing loans (NPL) ratio nosedived by 41%.

Headline Inflation rate jerks up to 12.20% in February. Headline inflation surged 7 basis points (bps) to 12.20% driven by year on year increases in food and core inflation, the National Bureau of Statistics has revealed.

Nigeria records N2.23 trillion positive trade balance as imports grow 28.8%. The Nigerian economy has recorded a favourable trade balance of N2.232 trillion in 2019, data provided by the National Bureau of Statistics has shown.

Experts say GDP growth uninspiring, seek market-friendly policies. The Nigerian economy size expanded some 17 basis points above the 2.10% growth rate estimated by the International Monetary Fund (IMF) to settle at 2.27%, but experts refuse to celebrate, say the growth is uninspiring.

The headline inflation increased year on year to 11.61% in October 2019, from 11.24% in September 2019. The spike in general increase in prices of goods and service was informed by the rise in food index.

September headline inflation rate surge to 11.24%

Banks credits to private sector hit N15.1 trillion, NPL settles at 9.3%

Weak GDP growth: Economy reacts to lack of fiscal stimulus

Nigeria’s GDP grows by 1.94% in second quarter 2019

Inflation slides to 11.08%, as about N10trn expects to hit financial market