Economy

Economy

FDI crashes by 70% as foreign investors opt for hot money in Nigeria

Economy

FG audits N38.3 trillion public assets to curb waste, boost transparency in public enterprises – MOFI

Economy

Standard Chartered, Citi, Stanbic IBTC account for 80% of Nigeria’s Q1 2025 capital inflow

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Economy

News and analysis on the Nigerian economy

Premier League football fans set to resume stadiums on December 2nd, UK: Premier League, other Elite Sports to continue amid lockdown, Boris Johnson, United Kingdom, US, China and UK’s protectionism ambition to affect Nigeria’s export, FDI, UK Prime Minister diagnosed of Coronavirus

Boris Johnson pledges to donate surplus COVID-19 vaccines to poorer countries

While giving his speech to a virtual G7 meeting on Friday, Boris Johnson pledged to give surplus COVID-19 vaccines to...

Covid-19: African Union in talks with China and Russia over vaccine

Russia offers 300 million doses of its Sputnik V COVID-19 vaccine – AU

Russia had offered it 300 million doses of its Sputnik V COVID-19 vaccine to the African Union.

No need for alarm over reported new Covid-19 variant – WHO

WHO’s strategic plan to fight pandemic in 2021 to cost $1.96 billion

WHO said it would require $1.96 billion in support from its member states to continue fight against the pandemic.

Coronavirus, COVID: U.S. records 4,000 COVID-related deaths in a day for the first time

Nigeria surpasses 150,000 cases of Covid-19

by Samuel Oyekanmi

NCDC announced 877 new confirmed cases and 6 deaths of covid-19 on Thursday, which takes the total tally to 150,246...

Circulars

Patricia addresses CBN circular’s impact on her services and partnership with foreign payment solutions company; Vaunt

by NM Partners

The recent CBN circular of February 5th, 2021 to Deposit Money Banks (DMBs) to desist from transacting in/and with entities...

IATA says the aviation industry has created over 650,000 jobs

GDP

Aviation’s real GDP contracts by 36.98% in 2020

by Abiola Odutola

Real GDP contracted by 36.96% in 2020 compared to the 13.17% recorded in 2019.

FG says latest recession in Nigeria will be short-lived

GDP

Nigeria’s exits recession, posts 0.11% 2020 4th quarter real GDP growth rate

by Samuel Oyekanmi

Nigeria’s Gross Domestic Product (GDP) grew by 0.11% (year-on-year) in real terms in the fourth quarter of 2020.

Military located bandits in kankara, Q1 2020 National Debt report, Buhari finally speaks on NDDC probe, urges NA to act with a sense of urgency,National Human Rights Commission,Presidency bows to pressure, agrees to demand made by EndSARS protesters, Our economy is too fragile to bear another round of lockdown-Buhari, Zarbarmari: Massacre by Boko Haram is nothing short of senseless, barbaric, gruesome and cowardly- Buhari

GDP

Nigeria’s GDP contracts by 1.92% in 2020, as economy initiates recovery

by Samuel Oyekanmi

Nigeria’s Gross Domestic Product (GDP) contracts by 1.92% in real terms in 2020 as the economy posts a real GDP...

Only 10 countries have administered 75% of all vaccinations – UN Secretary-General

UN Chief has decried the wildly uneven COVID-19 vaccinations as few nations are in possession of the majority of vaccines.

NAFDAC approves Oxford/AstraZeneca COVID-19 vaccine for use in Nigeria

by Omokolade Ajayi