Nigeria Economic Update Issue 25 Csea Africa Centre For Th Nigeria economic update (issue 33) the naira depreciated by 4.3 percent to a record low of n313 $ at the interbank market segment on july 29, 2016.precisely, the lack of liquidity in all fx market segments continues to weaken. Data from the central bank of nigeria (cbn) shows that as of 17th august 2022, the official exchange rate of naira to the us dollar was n420.83 for a dollar suggesting a n5.15 depreciation compared to the n415.68 reported at the end of the previous month (july). 2 this fall in value of the domestic currency can be attributed to the shortage of foreign currencies in the country, arising from.
Nigeria Economic Update Issue 33 Csea Africa Centre For The Study Nigeria economic update (issue 33) nigeria’s unemployment rate increased from 23.1 percent in 2018q3 to 27.1 percent in 2020q2 1 . similarly, the underemployment rate increased from 20.1 percent to 28.6 percent in the same period. Updates. centre for the study of the economies of africa (csea) 6,320 followers. 2d. the national bureau of statistics (nbs), in its july inflation report released yesterday, revealed that the inflation rate declined from 34.19% in june to 33.40% in july. the 0.79 percentage point decline is the first nigeria has recorded since december 2022. The centre for the study of the economies of africa (csea) an independent non profit research organization in abuja has released its nigeria economic update issue 4 for the year 2022. In the 30th issue of our nigeria economic update, we highlight the implications of these projections, pms prices in june and the mixed performance of domestic and foreign portfolio.
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