Economic - Nairametrics
36
October 2018 Macro Economic Report
Transcript of Economic - Nairametrics
O c t o b e r 2 0 1 8
MacroEconomicR e p o r t
Macroeconomic indicators: - Foreign Trade - Total Imports - Total Exports - Crude Oil Exports - Barrel per day - Non-Oil Exports - Trade Partner by Share of Foreign Trade -GrossDomesticProducts(GDP) - Oil & Non-Oil Sector GDP -FPIContributiontoGDP -Inflation -FoodInflation -CoreInflation -CapitalImportation -CapitalImportationbyCountry -CapitalImportationbySector -CapitalImportationbyBanks -ForeignPortfolioInvestment(FPI)
123456789
101112131415161718
Table ofContents
O c t o b e r 2 0 1 8
MacroEconomicR e p o r t
1920212223242526
272829303132
- Unemployment -LabourForcePopulation - Foreign Reserves - Foreign Exchange Rate - Total Debt Stock - Foreign Debt -DomesticDebt - States with the most External Debt - Payment Channel: - ATM - Cheque - Mobile - POS - Remita - Web
Table ofContents
O c t o b e r 2 0 1 8
MacroEconomicR e p o r t
O c t o b e r 2 0 1 8
MacroEconomicR e p o r t
MacroEconomic Indicator:Foreign Trade
01
O c t o b e r 2 0 1 8
MacroEconomicR e p o r t
MacroEconomic Indicator:TOtal Imports
02
O c t o b e r 2 0 1 8
MacroEconomicR e p o r t
MacroEconomic Indicator:Total Exports
03
O c t o b e r 2 0 1 8
MacroEconomicR e p o r t
MacroEconomic Indicator:Crude Oil Export
Value of crude oil exports grew by 4.2% in Q2 2018.
Crude oil exports accounted for 83.54% of Nigeria’s total export.
04
O c t o b e r 2 0 1 8
MacroEconomicR e p o r t
MacroEconomic Indicator:Barrels Per Day
05
O c t o b e r 2 0 1 8
MacroEconomicR e p o r t
MacroEconomic Indicator:Non-Oil Exports
The share of non-oil exports to the total exports was N218.42 Billion.
06
O c t o b e r 2 0 1 8
MacroEconomicR e p o r t
MacroEconomic Indicator:Trade Partner BY Share of Foreign TradeExport Import
07
O c t o b e r 2 0 1 8
MacroEconomicR e p o r t
MacroEconomic Indicator:
Gross Domestic Products
While the aggregate real GDP for Q2 went up, the growth percent-age dropped.= N1 trillion
08
O c t o b e r 2 0 1 8
MacroEconomicR e p o r t
MacroEconomic Indicator:
Oil & Non-Oil Sector GDP
The non-oil sector growth was mainly from the Information & Communication Technology (ICT), Transportation, and Construction.
09
O c t o b e r 2 0 1 8
MacroEconomicR e p o r t
MacroEconomic Indicator:
FPI Contribution to Real GDP
75%75%
10
O c t o b e r 2 0 1 8
MacroEconomicR e p o r t
MacroEconomic Indicator:INflation
11
O c t o b e r 2 0 1 8
MacroEconomicR e p o r t
MacroEconomic Indicator:Food Inflation
12
O c t o b e r 2 0 1 8
MacroEconomicR e p o r t
MacroEconomic Indicator:Core Inflation
13
O c t o b e r 2 0 1 8
MacroEconomicR e p o r t
MacroEconomic Indicator:Capital Importation
Capital importation declined by 12.5%.
14
O c t o b e r 2 0 1 8
MacroEconomicR e p o r t
MacroEconomic Indicator:Capital Importation by Country
15
O c t o b e r 2 0 1 8
MacroEconomicR e p o r t
MacroEconomic Indicator:Capital Importation by Sector
Other sectors include production financing and agriculture.
16
O c t o b e r 2 0 1 8
MacroEconomicR e p o r t
MacroEconomic Indicator:Capital Importation by Banks (Q2 2018)
Standard Chartered Bank, CitiBank, Access Bank, Zenith Bank, Guaran-ty Trust Bank, Stanbic IBTC Bank accounted for 90% of the total capital importation in Q2 2018.
17
O c t o b e r 2 0 1 8
MacroEconomicR e p o r t
MacroEconomic Indicator:Foreign Portfolio investment (FPI)
18
O c t o b e r 2 0 1 8
MacroEconomicR e p o r t
MacroEconomic Indicator:Unemployment rate
19
O c t o b e r 2 0 1 8
MacroEconomicR e p o r t
MacroEconomic Indicator:Labour force Population
20
O c t o b e r 2 0 1 8
MacroEconomicR e p o r t
MacroEconomic Indicator:Foreign Reserves
21
O c t o b e r 2 0 1 8
MacroEconomicR e p o r t
MacroEconomic Indicator:Foreign Exchange Rate
22
O c t o b e r 2 0 1 8
MacroEconomicR e p o r t
MacroEconomic Indicator:TOtal Debt Stock
23
O c t o b e r 2 0 1 8
MacroEconomicR e p o r t
MacroEconomic Indicator:Foreign Debt
Nigeria’s Federal Government accounted for $17.83 billion, while the FCT and other States account for the remaining $4.25 billion.
24
O c t o b e r 2 0 1 8
MacroEconomicR e p o r t
MacroEconomic Indicator:Domestic Debt
Domestic debt grew by 24.24% from Q1 2018 to Q2 2018.
Nigeria’s Federal Government accouted for N12.15 trillion, while the FCT and States accounted for the remaining N3.48 trillion.
25
O c t o b e r 2 0 1 8
MacroEconomicR e p o r t
MacroEconomic Indicator:States with the Most External Debt
26
O c t o b e r 2 0 1 8
MacroEconomicR e p o r t
MacroEconomic Indicator:Payment Channel: ATM
N1.56Trillion
N1.60Trillion
Q1 2018 Q2 2018
0.02%
27
O c t o b e r 2 0 1 8
MacroEconomicR e p o r t
MacroEconomic Indicator:Payment Channel: Cheque
N1.31Trillion
N1.27Trillion
Q1 2018 Q2 2018
-0.03%
28
O c t o b e r 2 0 1 8
MacroEconomicR e p o r t
MacroEconomic Indicator:Payment Channel: Mobile
N 329.1Billion
N 410.5Billion
Q1 2018 Q2 2018
0.25%
29
O c t o b e r 2 0 1 8
MacroEconomicR e p o r t
MacroEconomic Indicator:Payment Channel: POS
N 474.7Billion
N 543.6Billion
Q1 2018 Q2 2018
0.15%
30
O c t o b e r 2 0 1 8
MacroEconomicR e p o r t
MacroEconomic Indicator:Payment Channel: Remita
N5.32Trillion
N3.99Trillion
Q1 2018 Q2 2018
-0.25%
31
O c t o b e r 2 0 1 8
MacroEconomicR e p o r t
MacroEconomic Indicator:Payment Channel: WEB
N60.7Billion
N53.2Billion
Q1 2018 Q2 2018
-0.12%
32
Data Source
Disclaimer
Central Bank of Nigeria (CBN) - https://www.dmo.gov.ng/Debt Management Office (DMO) - https://www.dmo.gov.ng/National Bureau of Statistics (NBS) - http://www.nigerianstat.gov.ng/Nigeria Inter-Bank Settlement System Plc (NIBSS) - https://nibss-plc.com.ng/
All data represented in this report was obtained from the applicable official sources. Nairametrics cannot guarantee its reliability or accuracy and as such cannot be held liable for any loss incurred as a result of its usage. Kindly conduct your independent research to confirm the validity of any of the data shared here.
CreditAlfred Akuki - Managing Editor; Onome Ohwovoriole - Lead Analyst; Dennis Adesanoye - Lead, Data & Research; Victor - Lead, Strategy; Fikayo Owoeye - Analyst; Emmanuel Abara Benson - Analyst.
ContactsNairametrics Financial Advocates Limited7, Joseph Street, Off Opebi Link Road, Opebi, Ikeja, [email protected]
October 2018
MacroEconomicReport
![NATIONAL BROADCASTING COMMISSION ACT - Nairametrics€¦ · An Act to establish the National Broadcasting Commission and for matters con- nected therewith. [1992 No. 38.] [24th August,](https://static.fdocuments.in/doc/165x107/5f6a550bc2b4df0db7644edc/national-broadcasting-commission-act-nairametrics-an-act-to-establish-the-national.jpg)
