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Economics

Veriv Africa's economic coverage will feature intricate analyses of trends, data, and policies shaping Nigeria's economic landscape. From discussions on inflation and GDP growth, to nuanced explorations of monetary and fiscal policies, our platform will be a go-to resource for those seeking a profound understanding of the economic forces at play.

Economics

Understanding The Dynamics Of Inflation In Nigeria

Nigeria has a history of grappling with rising prices, marked by significant spikes in inflation rates. In the 1990s, inflation soared to 57.03% in 1994 and 72.83% in 1995.

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Economics

Why the CBN is Losing Its Fight Against Inflation (I)

What is Inflation? Inflation, as you have probably heard, is a situation where too much money is chasing too few goods. However, that only tells one part of the story.

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Economics

Why the CBN is Losing Its Fight Against Inflation (II)

The first part of this insight highlighted the strategies that the CBN was employing in its fight against inflation and their limitations. The second part will focus on an analysis of the components of Nigeria’s inflation and the factors influencing.......

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Economics

Nigeria's Non-Oil Sector: A Path to Sustainable Growth

For decades, the Nigerian economy has relied heavily on oil as its primary source of revenue. Nigeria’s oil accounts for 80 percent of the country's revenue and foreign exchange gains.

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Economics

What Is a Sovereign Wealth Fund? 

Resource-rich nations with large reserves of commodities and crude oil usually benefit from a surge in prices in the global market. As market prices increase, these nations profit from the sale of these resources and sometimes profit beyond projections.

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Economics

The Dark Decade: A Data Story of Nigeria's De-growth Years (2015–2024)

In April 2024, the International Monetary Fund (IMF) revealed that Nigeria’s gross domestic product (GDP) will decline to $253 billion in 2024, driven primarily by the devaluation of the naira.

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Articles on this thematic area

How Many Poor People Live in Nigeria?

How Many Poor People Live in Nigeria?

How Much Capital Importation Did Nigeria Receive in 2023?

How Much Capital Importation Did Nigeria Receive in 2023?

How Many Nigerians Have Access to Financial Services?

How Many Nigerians Have Access to Financial Services?

What is Nigeria's Annual Headline Inflation Rate From Independence to Date?

What is Nigeria's Annual Headline Inflation Rate From Independence to Date?