By InvestAdvocate Lagos (INVESTADVOCATE)-Embattled Arunma Oteh, Director General (DG) of Nigeria’s Securities & Exchange Commission (SEC) Tuesday was re-elected Chairperson of the Africa/Middle East Regional Committee (AMERC) at the ongoing 37th Annual Conference and meeting of the International Organisation of Securities Commissions (IOSCO) in Beijing China. This is contained in […]

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 […]