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Economy
Nigeria records 0.36 points in World Bank’s 2020 human capital index
Nigeria recorded 0.36 points in the World Bank Group’s 2020 Human Capital Index (HCI), indicating 0.01 basis points compared to 0.35 recorded in 2018. The World Bank said in the new…
Virus leaves Nigeria’s 41.5m SMEs vulnerable amid FX, credit crunch
In combination with foreign exchange and credit crunch, coronavirus has pushed millions of small businesses to the brink, with many now unable to continue operations. In the last two…
Meet the best and worst countries to start a career
The United Kingdom, Germany, Canada, United States and Japan have been ranked the best five countries to start a career globally by US-based CEOWORLD magazine. Nigeria was joined by…
Economic Advisory Committee reels out measures to tackle poverty
The Presidential Economic Advisory Committee (PEAC), on Tuesday outlined measures which if implemented, will aggressively increased the country’s non-debt investment inflow, including…
External reserves to cover 8months of import of goods, services – Emefiele
Nigeria's external reserves currently stand at $36 billion and are sufficient to cover 8months of import of goods and services, Godwin Emefiele, governor of the Central Bank of Nigeria (CBN)…
CBN sees continued inflation uptick as economy reels from covid-19 pandemic, low oil…
Nigeria’s Central Bank Governor, Godwin Emefiele said on Tuesday that the apex bank expects continued uptick in inflationary pressures as the country battles the impact of Covid-19 pandemic…
Investors ignore earnings forecast of corporates amid lull in stock market
Companies listed on the Nigerian Stock Exchange (NSE) have been releasing their earnings forecast for Q4 2020, but their share prices have remained flat as investors ignore the stock market.…
Nigeria’s inflation rate to moderate in Q4, says Emefiele
Nigeria's inflation rate is expected to moderate toward the end of fourth quarter of 2020, Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), said on Tuesday. Emefiele, in a…
Akwa Ibom groans over diminishing revenue as FG withholds derivation fund
Akwa Ibom State is groaning over its dwindling revenue as the federal government has withheld the payment of the 13 percent derivation fund which accrues to oil-producing states as…
How Nigeria can speed up economic recovery, by World Bank
Nigeria which faces a second recession in four years can speed up the recovery of her economy by stepping up efforts at easing pressure on the foreign exchange market, the World Bank has…