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Products, commodities that will shape African trade as AFCFTA takes off
Manufacturers, non-oil exporters, banks, Africans within the agricultural value chain, professionals are all enthusiastic with the news that the African Continental Free Trade Area (AFCFTA)…
NBS’s Nigeria Capital Importation Q3 2020 report highlights
According to the Nigeria Capital Importation data released by the Central Bank of Nigeria (CBN) and by the National Bureau of Statistics(NBS) in the third quarter (Q3) of 2020, the total…
Nigeria’s trade balance hits N1.8 trillion deficit in Q2 2020
The recent National Bureau of Statistics (NBS) data for the period ended Q2 2020 shows a plunge in the country’s trading balance. Balance of Trade (BOT), that is, the difference between the…
How food inflation spurred growth in agriculture sectoral GDP in Q3 2020
Agriculture remains the base of the Nigerian economy, providing the main source of livelihood for most Nigerians. The sector has faced many challenges in recent times hitherto; some of which…
Factors that pushed Nigeria into recession
Before the emergence of the global pandemic, Nigeria has been struggling to stabilize its weak economic activities amidst the existing rise in inflation and unemployment rates—stagflation.…
Open Defecation World Toilet Day
Hygiene and sanitation brand, Hypo, has called for increased public trust in public toilet facilities to make Nigeria overcome the challenge of open defecation. The organisation made this…
Tier 1 banks’ loans up by 9% amid high exposure risk
The tier 1 banks in Nigeria, in no particular order – Access Bank, First Bank Nigeria, Guaranty Trust Bank (GTB), United Bank for Africa (UBA) and Zenith Bank Plc grew their combined loan…
The dwindling performance of states’ internally generated revenue
The Internally Generated Revenue (IGR) at State level for the 36 states and the Federal capital Territory (FCT) fell to N612.87 billion between January and June 2020 compared to N693.91bn…
The inflation effect on Nigeria’s low investment regime
Africa’s largest economy, Nigeria, is currently experiencing a low investment regime as a result of the disruption in commerce caused by the global pandemic, policies and drop in the prices…
Nigeria E-payment landscape: the new reality
The Nigeria electronic payment (E-payment) landscape continues to pose strong growth across various payment channels despite Nigeria’s economic realities. The population is much poorer today…