September 25, 2024/United Capital Research The 297th Monetary Policy Committee (MPC or the Committee) meeting held on 23 and 24 Sept-2024 saw a hike in Monetary Policy Rate (MPR or benchmark interest rate). The benchmark interest rate was increased by another +50bps from 26.75% to 27.25%. Notably, the banks were […]
Updates
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 […]

