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September 21, 2018

Uptick in business confidence

The CBN’s latest Monthly Business Expectations Survey Report for August 2018 shows the business confidence index at 21.5 points, indicating improved optimism on the economy when compared with 13.6 recorded in July. The survey had a sample size of 1,050 businesses covering services, industry, wholesale/retail trade and construction. A response rate of 97.9% was achieved. This latest survey still points to a stable macroeconomic outlook. However, when compared to the projection of 58.7 it reflects a more cautious stance from respondents.                                                                                                                    The optimism in August was driven by the opinion of respondents from the services (13.7 points) and industrial (6.1 points) sectors while those from the construction and wholesale/retail trade sectors represented just 0.8 and 0.9 points respectively of the total.   Similar to July, respondents remained pessimistic on...

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September 20, 2018

Some headway within the mining sector

Today we shine the spotlight on the mining sector using the recently published States Disaggregated Mining and Quarrying Data series...

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September 19, 2018

Demand constraints on air transport

Drawing on data provided by the Federal Airports Authority of Nigeria, the National Bureau of Statistics (NBS) has released its...

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September 18, 2018

Banks still cautious with credit extension

The NBS recently released a report for Q2 2018, entitled Selected Banking Sector Data, drawn from the CBN. This report...

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