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Economy

It’s always about the economy, stupid…

Economy

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

Wires Editor | The Trent -
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...
Economy

Nigeria Enters 2nd Recession In 5 Years

Wires Editor | The Trent -
Official figures published on Saturday, November 21, 2020, by the National Bureau of Statistics indicates that Nigeria has entered its second recession in five...
Economy

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

Wires Editor | The Trent -
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...
Business

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

Adam Smith | Finance Contributor -
The pandemic, the civil unrest and the upcoming election has made 2020 a stressful and chaotic year for everyone. The economy, for the most...
Economy

JUST IN: Nigeria’s Inflation Rises To 13.7 Percent

Wires Editor | The Trent -
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...
Economy

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

Wires Editor | The Trent -
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...
Economy

Why Nigeria’s Fashion Industry Is Underrated – Lai Mohammed

Wires Editor | The Trent -
Lai Mohammed, the minister of information and culture, says in spite of annual revenue of about N2 trillion, the fashion industry in Nigeria is...
Economy

Lagos Economic Summit To Hold November 10 After 6 Years Hiatus

News Agency of Nigeria -
Lagos State Government on Sunday unveiled plans for the 2020 Lagos Economic Summit, popularly known as EHINGBETI. Mr Sam Egube, Lagos State Commissioner for Economic...
Coronavirus Pandemic

AfDB Approves $27.33 Million COVID-19 Intervention Fund For AU

News Agency of Nigeria -
The African Development Bank (AfDB) has approved 27.33 million dollars in grants to boost the African Union’s efforts to mobilise a continental response against...
Economy

Africa To Lose $116 Billion To COVID-19 Pandemic By End Of 2020

Wires Editor | The Trent -
Nigeria and other countries within the continent of Africa may lose approximately $116billion to COVID-19 pandemic at the end of 2020, the chairman of...
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