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Economy

NSE Gives N17.02 Million Compensation To 49 Investors

The Nigerian Stock Exchange, NSE, on Tuesday, January 19, 2021, said it compensated no fewer than 49 investors who suffered pecuniary losses to dealing...

Nigeria’s Debt Rises To N32.22 Trillion In Q3 – NBS

The National Bureau of Statistics, NBS, has said as at Third Quarter (Q3) 2020, Nigeria’s total debt stood at N32.22 trillion. The NBS In a...

Naira To Begin Recovery Against Dollar February 2021 – CBN

The Central Bank of Nigeria, CBN, has said the naira will begin recovery against the dollar and other global currencies from February 2021. This was...

Africa’s Economy Shrinks By 3.4% Due To COVID-19 – AfDB

Akinwumi Adesina, the president of African Development Bank, AfDB, has said Africa’s economic growth this year will decline by 3.4%, because of the challenges...

Nigeria Enters 2nd Recession In 5 Years

Official figures published on Saturday, November 21, 2020, by the National Bureau of Statistics indicates that Nigeria has entered its second recession in five...

Nigeria’s Importation From China Hits N1.26 Trillion In Q2 – NBS

The National Bureau of Statistics, NBS, has revealed that a total of 31.41 percent or N1.26 trillion of goods imported into Nigeria in the...

Possible Effects The 2020 US Election May Have On the Housing Market

The pandemic, the civil unrest and the upcoming election has made 2020 a stressful and chaotic year for everyone. The economy, for the most...

JUST IN: Nigeria’s Inflation Rises To 13.7 Percent

Nigerian inflation has continued on a rising trend, increasing by 13.71 percent (year-on-year) in September 2020. A monthly report released by the National Bureau of...

Debt Burden Of Least Developed Countries Hit A Record $744 Billion In 2019 – IMF

The total external debt for the Debt Service Suspension Initiative, DSSI, countries climbed 9.5% to a record $744 billion in 2019 from the previous...

Why Nigeria’s Fashion Industry Is Underrated – Lai Mohammed

Lai Mohammed, the minister of information and culture, says in spite of annual revenue of about N2 trillion, the fashion industry in Nigeria is...

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