Foreign Direct Investment (FDI) into Nigeria dropped to $214.25m in the first quarter of 2020 from $257.25m in the fourth quarter of 2019. The National Bureau of Statistics disclosed this in its report on ‘Nigerian capital importation’ for the first quarter of 2020 on Tuesday. According to the NBS, the FDI which stood at $247.37m […]
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Global leaders at the second edition of United Bank for Africa (UBA) African Day Conversations, have emphasised the need for meaningful collaborations between governments and the private sector as a panacea for the quick recovery of the economy of the African continent post Covid-19. The leaders which included the President of Liberia, H.E George Weah; United […]
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Nigeria’s gross domestic product (GDP) expanded by 1.87% in the first quarter of 2020, this is according to the National Bureau of Statistics. The National Bureau of Statistics revealed in ‘Nigeria’s Gross Domestic Product’ report for first quarter 2020 on Monday. The Bureau noted that there were earliest signs of disruptions caused by the COVID-19 […]
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President Muhammadu Buhari of Nigeria says the country no longer has money to import food owing to the impact of COVID-19 on the nation’s economy. Buhari made the remark while speaking with journalists during the Eid celebrations at the state house on Sunday, describing the impact of the virus as “frightening”. He said the pandemic […]
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The President of Senegal, H.E. Macky Sall, President of Liberia, H.E George Weah and United States Senator Chris Coons will form part of a high-level leadership panel to be moderated by the Chairman, United Bank for Africa (UBA) and Founder of the Tony Elumelu Foundation, to discuss Africa’s economic recovery in the 2020 edition of […]
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Pan African financial institution, United Bank for Africa (UBA) Plc, has upgraded its mobile banking application, introducing lots of exciting and interactive features to aid banking, whilst allowing customers to perform unlimited transactions with simple taps on their mobile phones. The award winning innovative bank which was the first to launch its chat bot Leo on […]
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Governor Babajide Sanwo-Olu of Lagos state, says the state is considering full reopening of the critical sectors of its economy soon. The governor disclosed this at a media briefing on Sunday at the state house in Marina, noting that the plan will not be implemented in a hurry. Sanwo-Olu said the state government would be […]
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Emirates Group is planning to cut about 30,000 jobs to reduce costs amid the coronavirus outbreak, which will bring down its number of employees by about 30 per cent from more than 105,000. A media reported on Sunday that the company was also considering speeding up the planned retirement of its A380 fleet. An Emirates […]
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In a bid to curb the spread of COVID-19, many nations have at some point had to impose a complete lockdown in certain states or across the country. However, there are some who believe that placing Nigeria under a complete lockdown is not sustainable. In a chat with Channels Television’s COVID-19 Update, Mr Atedo Peterside […]
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Data from the National Bureau of Statistics (NBS), has shown that households in Nigeria spent a total of N2.02tn on fuel and electricity in 2019. The NBS said in a new report on consumption expenditure pattern that household expenditure on fuel/light accounted for 11.57 per cent of the total non-food consumption expenditure in 2019. Households […]
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