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NIGERIA
News and stories about Nigeria
The MSCI Index is closely followed by foreign investors in determining emerging markets.
As of June 12, COVID-19 emergency packages have reached the continent’s five geographic regions.
If the Q1 2020 GDP looks too good to be true, it is because it really is. But Q2 results will be a better representative of our challenges
Nigeria received $5.85 billion capital importation (inflows) in the first quarter (Q1) of 2020, compared to $8.51 billion in Q1 2019.
Nigeria’s Gross Domestic Product (GDP) grew by 1.87%(year-on-year) in real terms, representing a drop of 0.23% points compared to Q1 2019 and 0.68% points decline compared to Q4 2019
Africa is the world’s last frontier in the fight against extreme poverty where one in three Africans−422 million people−live below the global poverty line.
The UK judge dismissed case on the grounds that the UK court did not have jurisdiction to try the lawsuit.
Nigeria’s economy is in a tight corner, as Brent crude’s value has dropped by half since the worst pandemic in recent history started early this year.
Agriculture sector is back in the spotlight as a viable foundation for sustainable and inclusive growth for Africa’s largest economy and most populated country.
US mission in Nigeria says that the country’s support to Nigeria in the global response to covid-19 now stands at $32.8 million .
Although the energy industry provides more than 10 million jobs with almost 8% of the country’s GDP, the US is less dependent on oil compared to average OPEC countries. However, its shale industry remains vulnerable to severe credit crunch and bankruptcies.
In reaction to the economic crisis, triggered by the coronavirus pandemic, Ethiopia has offered tax relief to companies affected by this.