Nigerian economy slips into recession as GDP contracts by 3.62% in Q3 2020
The Nigerian economy officially plunges into recession as the country's GDP in real terms declined by -3.62% YoY in Q3...
FAAC disburses N682.06 billion to 3 tiers of govt in September [Full-List]
FAAC disbursed the sum of N682.06bn to the three tiers of government in September 2020.
Nigeria allocates N3.12 trillion to service debt in 2021, as fiscal quagmire undermines ambitious recovery
N3.12 trillion has been budgeted to service debt in 2021, representing a 9.09% rise when compared to N2.86 trillion approved for 2020.
Nigerian economy since 1980: Are we under a resource curse?
As Nigeria marks her independence anniversary, it is imperative to Xray how the economy has performed in the past decades.
Non-Performing loans in Nigerian Banks rise to N1.21 trillion in H1 2020
The Nigerian banking industry witnessed a 14% rise in NPLs) ending a 2-year trend of continued decline.
Nigeria imported N1.28 trillion “used vehicles”, motorcycle in one year, up by 42%
During the period under review, used vehicles imported into Nigeria was estimated at N799.5 billion.
Nigeria’s GDP contracts by 6.10% in Q2 2020, as critical sectors plunge
Nigeria’s Gross Domestic Product (GDP) declined by 6.10% (year-on-year) in real terms in Q2 2020. This is according to the...
Nigeria’s top 10 agricultural exports hit N289.3 billion, as Sesamum seeds, Cocoa top list
Here is the breakdown of Nigeria’s top agricultural exports and top destination countries.
FPI and FDI drop to $68 million and $18 million respectively in April, lowest since 2016
The Covid-19 economic lockdown impacted negatively on investor inflow into Nigeria.
COVID-19: Survey confirms job losses, hardship for Nigerians
Details provided showed that Nigerians working in almost all the sectors were affected by the COVID-19 pandemic.
