Economy
News and analysis on the Nigerian economy
EU gets additional 100 million doses of Covid-19 vaccine from Pfizer/BioNTech
This brings the total number of doses to be delivered to the 27 EU members to 600 million in 2021.
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Covid: Nigeria records lowest number of daily cases in over 1 year
NCDC announced 26 new cases on Sunday, 18th April 2021, as Nigeria's pandemic curve flattens
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Nigerian states generate N1.31 trillion IGR in 2020 as Lagos dwarfs others
The 36 states and the Federal Capital, generated a sum of N1.31 trillion as Internally generated revenue (IGR) in 2020
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Lack of vaccine access will reduce Africa’s economic growth compared to rest of world – IMF
IMF forecasts that Nigeria is expected to grow by 2.5% in 2021 and 2.3% in 2022.
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Covid-19: SEC to launch N100 billion Strategic Health Impact Fund
Mr Lamido Yuguda, DG of SEC, stated that the purpose of the fund is to help Nigeria's economic recovery from...
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Money Printing: Emefiele threatens to recover budget support loans from state govts
Godwin Emefiele has threatened to recover intervention loans extended to State Governors
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Nigeria’s inflation rate surges to 18.17% in March 2021
Nigeria's inflation rate for the month of March 2020, rose to 18.17% from 17.33% recorded in February 2021.
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Covid-19: Nigeria records over 1 million vaccinations
The NPHCDA has stated that it has vaccinated 1,043,737 persons, which is 51.9% of the targeted total proportion.
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Nigerians spent N13.9 trillion on household consumption in Q4 2020, an increase of 16.6%
Household consumption expenditure of Nigerians rose by 16.59% in Q4 2020 to stand at N13.92 trillion.
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Foreign trade: Nigeria – French trade drops to $2.3 billion in 2020
The volume of trade between France and Nigeria dropped to $2.3 billion in 2020 compared to $4.5 billion in 2019.
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