Economy
How Buhari can lift Nigeria’s economy from the ditch
Nigeria’s economy has been in a ditch in the last five years. Nigerians grew progressively poorer, as economic growth remains too slow to create sufficient opportunities for a rapidly rising
Nigeria remains Africa’s biggest economy, top investment destination – APC
The All Progressives Congress (APC) says Nigeria remained Africa’s biggest economy and top investment destination. Sen. John Akpanudoedehe, Secretary, APC Caretaker and Extra-ordinary Convention Planning Committee (CECPC) said this in
Nigeria Sovereign Wealth fund cuts USA’s treasury exposure
By Peter Egwuatu ECONOMY The Nigeria Sovereign Investment Authority, NSIA, yesterday, indicated it has cut its United State of America’s treasury (bond) exposure to less than 20 per cent following
Nigeria can't decide what to do about the rise and rise of cryptocurrency
The Nigerian presidency, central bank, local regulators, and tech community are at odds over “money created out of thin air.”This post was originally published on this site
COVID’19: 58% households reduce food consumption in 6 months — NBS
By Elizabeth Adegbesan EC0NOMY ANational Bureau of Statistics (NBS) survey has shown that 58 percent of households in the country reduced their food consumption between July and December 2020 in
Nigeria to phase out debt sales that offered some of the highest carry returns in Africa
Central bank phasing out sales of bills to non-residents. Cost of liquidity management too high, CBN director says.This post was originally published on this site
US companies invest $3.8bn in Nigeria in 5yrs
A map of Nigeria *Plan another $2.75bn investment By Princewill Ekwujuru ECONOMY Companies of United States of America (USA) origin operating in Nigeria invested a total of $3.75billion to expand
Cryptocurrencies: Why Nigeria is a global leader in Bitcoin trade
More cryptocurrency trading goes on in Nigeria than almost anywhere else in the world, reflecting a loss of faith in more traditional forms of investment.This post was originally published on
Investors lose N145bn in 3 days as bearish trend persists
Stock Market By Peter Egwuatu Capital Market Investors on the stock market have lost over N145 billion in three trading days of this week as bearish trend continued. Specifically, the
NSIA signs $1. 4bn deal with Moroccan investors
By Emma Ujah, Abuja Bureau Chief ECONOMY The Nigeria Sovereign Investment Authority (NSIA) has signed an agreement with OCP of Morocco, for the development of a $1.4 billion
