Tuesday, August 25 , 2020 Nigeria now a quarter away from second recession in 4yrs Nigeria is now a short crawl away from another recession after the latest gross domestic product (GDP) figures released Monday showed Africa’s most populous nation recording negative growth in the second quarter (Q2) of 2020. The Nigerian economy contracted by…
DetailsFriday, August 21 , 2020 ‘Modular refineries not immediate solution to fuel problems’ Contrary to expectations, the coming up of modular refineries will not provide the much needed succour for Nigeria’s refining problems in respect of Premium Motor Spirit (petrol) in the immediate future. This is because the promoters of the projects may first of…
DetailsThursday, August 20 , 2020 Stock market volatility fuelled by companies with locked-in shares The current rate of volatility in Nigeria’s stock market will continue unless regulatory push is stronger to cause companies release most of their locked-in shares (smaller free float) into the hands of wiling investing public. ‘Free float’ is generally described as…
DetailsWednesday, August 19 , 2020 Nigeria’s exchange rate crisis pushes business demand for bitcoin upward Nigeria’s exchange rate crisis is pushing many business owners towards bitcoin (BTC) as a preferred means of buying goods from manufacturers outside the country. The pressure on naira is projected to be heading towards N480 per dollar later this week.…
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