Weekly Economic And Financial Commentary – November 16, 2020

Escalating US-China trade tensions triggered a sharp drop in crude oil prices and pressured the Nigerian Naira.

The Central Bank of Nigeria spent ₦315.18bn on currency issues in 2024 — a 306% increase from ₦77.67bn in 2023.

World Bank reports 75.5% poverty rate among rural Nigerians, highlighting severe hardship.

Nigeria’s debt servicing cost surged to ₦8.9trn in the first nine months of 2024, exceeding the pro-rata budget of ₦6.2trn.

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Monthly Economic Insights – November 2020

Higher Energy and Food Prices Pushed Headline CPI to 14.23% YoY

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NOVA Weekly Economic Report – 29th of April 2025.

Monthly Economic Insights – November 2020

Higher Energy and Food Prices Pushed Headline CPI to 14.23% YoY

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