By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s Gross Domestic Product (GDP) grew by 6.7 percent (6.7%) in the second quarter (Q2) of 2013. According to available data from the National Bureau of Statistics (NBS) this is 1.51% higher than 6.6% recorded in the in the preceding quarter. NBS said the development […]
Tag: Inflation
Headline Inflation to Remain at 8.64% in August
The National Bureau of Statistics (NBS) is expected to release the GDP numbers tomorrow and the headline inflation data for August 2013 on September 17, one week ahead of the MPC meeting this month. FDC is forecasting that headline inflation will remain unchanged at 8.64%. This will mean that the […]
Nigeria’s CBN Retains Rate at 12%
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigeria’s Central Bank Tuesday retained the Monetary Policy Rate (MPR) at 12 percent (12%), this is coming on the heels of the CBN Communiqué No. 90 of the Monetary Policy Committee (MPC) meeting. As part of the decisions, the MPC by a vote of […]
