In the first quarter of 2017 the nation s Gross Domestic Product GDP contracted by 0.52 year-on-year in real terms representing the fifth consecutive quarter of contraction since Q1 2016.
RTC Business and Economic Review for April 2017
The literature on fiscal policy is replete on how it has been confronted with various issues since the last decades especially in the aftermath of the global financial crisis.
Economic Associates EA will host a one-day quarterly conference on Nigeria s Economic Outlook on Thursday 15 June 2017 at Radisson Blu Hotel Anchorage Ozumba Mbadiwe Street Victoria Island Lagos.
Average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas Cooking Gas decreased by 2.61 month-on-month and increased by 30.35 year-on-year to N2 428.38 in April 2017 from N2 493.59 in March 2017
Average price paid by consumers for automotive gas oil diesel decreased by 2.26 month-on-month and increased by 50.67 year-on-year to N229.25 in April 2017 from N234.55 in March 2017.
Average price paid by consumers for premium motor spirit petrol decreased by 7.9 year-on-year and increased by 0.3 month-on-month to N149.9 in April 2017 from N149.4 in March 2017.
Average price per litre paid by consumers for National Household Kerosene decreased by 9.87 month-on-month and increased by 25.77 year-on-year to N280.80 in April 2017 from N311.56 in March 2017.
The transport fare watch report for April 2017 covers the following categories namely bus journey within the city per drop constant route
The Consumer Price Index CPI which measures inflation increased by 17.24 percent year-on-year though at a slower pace in April 2017 0.02 percent points lower from the rate recorded in March 17.26 percent.