Tuesday, June 16, 2020 Nigeria’s fiscal headache goes from bad to worse Nigeria may be facing a deeper fiscal crisis than expected with data from the budget office showing that the Federal Government spent N99 of every N100 earned paying interest to creditors in the first quarter of 2020…Read more. Nigerians stuck with cash transactions…
DetailsMonday, June 15, 2020 Nigeria’s FX demand backlog near 2016 crisis levels of $7bn Nigeria is facing a $7 billion FX demand backlog that is rolling back ugly memories of the dark days of 2016 when manufacturers and investors were starved of dollars leading to a near collapse of the economy…Read more. FG defaults in…
DetailsThursday, June 11, 2020 COVID-19 threatening 13 million jobs in Nigeria – UN The COVID-19 pandemic may lead to the loss of 13 million jobs in Nigeria, the World Food Programme of the United Nations declared on Wednesday. According to the agency, Nigeria needs urgent financial intervention to boost its economy….read more. Some Nigerian operators…
DetailsTuesday, June 09, 2020 World Bank projects Nigerian economy to shrink by 3.2% in 2020 Nigeria, Africa’s largest economy and most populous country, is expected to shrink by 3.2 percent in 2020, the World Bank Group said in its June 2020 Global Economic Prospects on Monday. This year’s contraction in activity is set to be…
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