Nigeria Economic News. The House of Representatives disclosed that a capital market is a viable option that should be utilized to rescue the Nigerian economy from collapse, especially with the impending downturn in the global economy. Comment: Conquering the fear of starting a business. First City Monument Bank sustains new strengths in Q2. South Africa’s retail sales plunged by a record 50.4% in April and 12% in May, data showed on Wednesday in the latest evidence of the impact of the early, stricter phase of the country’s coronavirus lockdown. Algeria’s annual inflation rose to 2.1% in June from 1.9% the previous month as prices for some foodstuffs went up, the government said on Sunday.
Latest Business and Economy News in Nigeria.
Nigeria - Nigeria - Economy: The Nigerian economy is one of the largest in Africa. South Africa’s economy could contract 8.2% this year, and grow just 0.6% in 2021, if a second wave of COVID-19 cases hits the country and its main trading partners, the OECD said on Friday. South Africa’s central bank will extend its tool kit to manage market liquidity by adding short-term, bilateral reverse repurchases of government bonds from commercial banks, it said on Friday. The President of the Institute of Chartered Accountants of Nigeria (ICAN), Mrs. Onome Joy Adewuyi, has called on Nigerians to embrace and patronize “Made-in-Nigeria” products post covid-19. A Capital Market operator, Mr Boniface Okesie, says there is need for the Federal Government to urgently give COVID-19 bailout funds to local companies to reposition the economy.
The President of Nigeria Labour Congress, NLC, Comrade Ayuba Wabba, has said that the outbreak of COVID-19 pandemic has exposed the challenges in Nigeria’s education and health sectors. Evicted Big Brother Naija Lockdown housemate, Tochukwu Okechukwu, simply known as Tochi, has named two housemates that may possibly win this season’s N85 million grand prize. Opinion: How to cultivate the spirit of entrepreneurship.
August 5, 2020. The Northeast Development Commission (NEDC) has set up an Education Endowment Fund worth N6billion.Write CSS OR LESS and hit save. CTRL + SPACE for auto-complete. It is ranked as the 27th-largest economy in the world in terms of nominal GDP, and the 24th-largest in terms of purchasing power parity. South Africa’s economic downturn extended into last month, though businesses still reeling from the impact of the COVID-19 pandemic reported slightly less steep in output and new orders, a survey showed on Wednesday. Dr Titus Okunrounmu, a former Director, Budgetary Department of the Central Bank of Nigeria (CBN) has called on the Federal Government to redouble efforts in developing the economy in order to stabilise the nation’s exchange rate. Sub-Saharan Africa’s economy will contract this year after shutdowns disrupted activity and as daily cases of coronavirus are still rising in the region but a recovery is expected next year, a Reuters poll found on Friday.
Frank Lampard is building a team that can fight for the Premier League title next season, according to his ex-Chelsea team-mate Ricardo Carvalho. Because this led to a great influx of rural people into the larger urban … Tax revenues generated by the Federal Inland Revenue Service (FIRS) have kept the Nigerian economy going despite the ravages of the COVID-19, Executive Chairman, FIRS, Mr. Muhammad Nami, has disclosed. Nigeriahas the largest economy in Africa; its re-emergent manufacturing sector became the largest on the continent in 2013, and it produces a large prop… The Vice-Chancellor of the University of Lagos, Oluwatoyin Ogundipe, has rejected the news of his removal as the university’s head by its governing council. Comment: The investor as a global citizen. All rights reserved. Mr Promise Amahah, an economic expert says revamping ailing industries and economic diversification in the country will help to strengthen the value of the Naira among world currencies. Godfrey Oboabona put in a good shift in Dinamo Batumi’s 4-0 triumph over FC Chikhura by accounting for an assist. Nigeria: PMI climbs to positive territory in July. please read our
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