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Nigeria: Q3 2020 GDP shrinks -3.62%

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By Audrey Lotechukwu SAT, 21 NOV, 2020-theGBJournal- Nigeria’s gross domestic product (GDP) growth rate shrank -3.62% (year-on-year) in real terms in the third quarter of...

Nigeria still in dire basic water deficit, only 9 per cent...

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By Charles Ike-Okoh THUR, 12 NOV, 2020-theGBJournal- Only 9 per cent of the population have access to complete basic water, sanitation, and hygiene (WASH) services...

Nigeria: Generated Value Added Tax rises 29.80% Q-on-Q in Q3 2020

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By Audrey Lotechukwu MON, 02 NOV, 2020-theGBJournal-The latest National Bureau of Statistics (NBS) report on sectoral distribution of Value Added Tax (VAT) suggests increased efforts...

Higher food prices drive Nigeria’s inflation to 13.71% y/y in September,...

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By Audrey Lotechukwu THUR, OCT 15 2020-theG&BJournal-Nigeria’s headline inflation expanded by 49bps in September 2020 to 13.71% y/y (August: 13.22% y/y), the highest level since...

Nigeria’s Current Account records eighth consecutive quarterly deficit

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SAT, OCT 10 2020-theG&BJournal-Nigeria’s Current Account (CA) recorded its eighth consecutive quarterly deficit in Q2-20 at USD3.23 billion. The deficit was largely underpinned by...

States Internally Generated Revenue drops by 11.7%, Lagos leads with N204.51bn...

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By Audrey Lotechukwu TUE, 06 OCT, 2020-theGBJournal-The National Bureau of Statistics (NBS) today, published the data on Internally Generated Revenue (IGR) at State level for...

Nigeria August inflation accelerates to 13.22% driven by weaker NGN, food...

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By Audrey Lotechukwu TUE SEPT 15, 2020-theGBJournal-Consumer price index, (CPI) rose to 13.22 % (year-on-year) in August 2020, up from 12.82 % in July 2020,...

Nigeria’s debt portfolio rises 20.6% to N31.01trn in Q2 2020, 63.35%...

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MON SEPT 14, 2020-theGBJournal-Nigeria’s total debt portfolio grew to N31.01 trillion in Q22020, a 20.6% (in naira) from N25,701 trillion in Q22019, as the...

Analysis: CBN’S FX rationing, uncertainty pressure Foreign Portfolio Investment

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SAT, SEPT 12, 2020-theGBJournal-Second-quarter data on foreign capital inflows to Nigeria reveals the depth of the decline caused by the COVID-19 pandemic and consequent...

Credit to private sector by banks expand to N18.82trn in Q2...

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THUR, SEPT 10, 2020-theG&BJournal-The Oil and Gas and Manufacturing sectors got credit allocation of N3.62trn and N3.07trn respectively to record the highest credit allocation...