By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s April 2012 inflation rate Tuesday rose to 12.9 percent (12.9%) Year-on-Year (YoY) compared to 12.1% reported in March 2012, The National Bureau of Statistics (NBS) has said. The NBS said in contrast, food inflation dipped by 60bps to 11.2% YoY from 11.8%. Core inflation […]

In its second year of economic projections, the NBS is also evolving in its approach to forecasting by employing an econometric model to augment results from the traditional methods of surveys and its system of administrative statistics. A Bayesian Vector Autoregressive (BVAR) model is employed to provide a baseline forecast […]

The naira weakened against the United States dollar on the inter-bank market on Monday, as strong dollar demand for the local currency from fuel importers held down the local unit. The naira closed at the inter-bank market at N157.95 to the dollar, weaker than the N157.75 on Friday. Traders said […]