2.06% was what the Nigerian economy shrank by in the second quarter. Its economy is in recession, after having registered two quarters of negative growth.US$25bn was the value of Nigeria’s foreign exchange reserves this month, a drop from $37.3bn in June 2014. It has sold reserves to maintain the naira-US dollar peg (at N198/$), a policy it abandoned in May when it reintroduced a flexible exchange rate.N313 to $1 is the official exchange rate, but a dollar can buy N436 on the black market.17.6% was its August inflation rate, which spiked with the drop in the value of the naira.3% of GDP is its projected current account deficit between 2016 and 2019, the lowest since 1998. This is down from an average surplus of 2.8% between 2011 and 2014, and is a result of the weak oil price.90% of export revenue is made up of petroleum products.37% y/y was the decline in foreign direct investment in the second quarter of 2016.75.7% was the fall in total capital inflows.R220bn was the value of trad...
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