Nigeria’s GDP grows 3.54% in Q2
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…
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GDP
Improving the chances of Nigeria in growing Africa’s digital economy
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…
External debt: How Nigeria is different from Egypt in 2022
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…
Strong dollar worsens naira pressure, US enters recession
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.…
EFInA, GIZ to ease funding for MSMEs via hackathon
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…