The Nigerian economy officially plunges into recession as the country's GDP in real terms declined by -3.62% YoY in Q3 2020, the second contraction in 2020.
FAAC disbursed the sum of N682.06bn to the three tiers of government in September 2020.
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.
As Nigeria marks her independence anniversary, it is imperative to Xray how the economy has performed in the past decades.
The Nigerian banking industry witnessed a 14% rise in NPLs) ending a 2-year trend of continued decline.
During the period under review, used vehicles imported into Nigeria was estimated at N799.5 billion.
Nigeria’s Gross Domestic Product (GDP) declined by 6.10% (year-on-year) in real terms in Q2 2020. This is according to the second quarter (Q2) GDP report, released...
Here is the breakdown of Nigeria’s top agricultural exports and top destination countries.
The Covid-19 economic lockdown impacted negatively on investor inflow into Nigeria.
Details provided showed that Nigerians working in almost all the sectors were affected by the COVID-19 pandemic.