Nigeria’s Gross Domestic Product (GDP) grew by 3.54 percent on a year-on-year basis in the second quarter of 2022, compared to a 3.11 percent growth rate in the first quarter.
The non-oil…
Nigeria is the largest market in Africa with a population of over 200 million. Its gross domestic product stood at about $440 billion in 2021, according to the World Bank.
Over the last…
Nigeria’s external debt stood at $39.69 billion as of March 2022. During the same period, Egypt’s external debt was $157.8 billion. In the first quarter of 2022, while Nigeria borrowed $6.35…
The naira has come under increased pressure as the United States dollar has risen to a record high against other global currencies following interest-rate hikes meant to tame inflation.…
In furtherance of its efforts to bridge the huge financial gap and access to funds for Micro, Medium, and Small-Scale Enterprises (MSMEs) in Nigeria, Enhancing Financial Innovation and…