State-led pioneering special economic zone project, designed to foster linkages between educators, researchers, innovators, entrepreneurs, and industries, all within one location February 22, 2024/AfDB In the heart of Nigeria’s Ekiti State, a groundbreaking initiative is taking shape – the Ekiti Knowledge Zone (EKZ), a bold step to transform the region […]
Updates
Nigeria’s Real GDP Increased by 3.46% Y/Y in Q4-23
February 22, 2024/Cordros Update Recent data from the National Bureau of Statistics (NBS) revealed that the domestic economy maintained its growth pace for the third consecutive quarter in Q4-23, as the real GDP rose by 3.46% y/y (Q3-23: +2.54% y/y). The growth outturn is 72bps higher than Cordros’ estimate (+2.74% […]
Inflationary Pressure, Weaker Purchasing Power
February 22, 2024/Coronation Research Inflationary pressures continue to grip Nigeria’s economy. According to recent data released by the National Bureau of Statistics (NBS), headline inflation rose by +98 bps, reaching a staggering 29.9% y/y. This uptick was mirrored in the month-on-month figures, where headline inflation increased by +35 bps to […]
