OPINION/EDITORIAL

Nigeria’s Unemployment Rate Up 5.3% in Q1 2024 from 5.0% in Q3 2023

September 25, 2024/NBS INTRODUCTION The Nigeria Labour Force Survey (NLFS) is a statistical survey designed to collect comprehensive data on employment, unemployment, and other characteristics of the population labour force. It provides quarterly estimates of the main labour force statistics with sufficient precision at the national level. This report contains […]

Power: Metering Progress Still Slow

September 25, 2024/CSL Research According to a recent This Day report, which cites data from the Nigerian Electricity Regulatory Commission (NERC), only 115,767 electricity customers in Nigeria received metering devices between April and July. Out of the 13,293,739 registered electricity customers nationwide, the data revealed that as of July, only […]

MPC Review: MPC stays hawkish; hikes MPR by 50bps.

September 25, 2024/CSL Research Contrary to general consensus and our forecast, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) raised the Monetary Policy Rate (MPR) by 50bps to 27.25% from 26.75% at the close of its 297th Monetary Policy Committee (MPC) meeting on 24 September 2024. […]