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Monday, September 21, 2020

Global Unemployment Rate To Rise In 2017 – Report

The global unemployment rate is expected to rise from 5.7 to 5.8 per cent in 2017, a new report has said. The report put together by the International Labour Organisation ILO says the modest rise represents an increase of 3.4 million in the number of...

In 2018, We Expect Nigeria to Consolidate on the Gains of Recovery from Economic Recession

Economic Outlook Real GDP: In 2018, we expect Nigeria to consolidate on the gains of the recovery from recession on account of further improvements in oil production. Given the continued adoption of a conciliatory stance by the government in the Niger Delta, we are biased...

Experts: Nigeria’s economy still in a stagflation state with rising inflation, unemployment

Private sector operators under the aegis of the Nigerian-American Chamber of Commerce (NACC), have described the need for improved governance to aid improvement in the standard of living of Nigerians, and build an economy that can withstand shock. According to the stakeholders, although the economy...

Nigeria’s food security: local rice production to the rescue

The involvement of states in rice production is boosting the Federal Government’s policy on the diversification of economy from oil to solid minerals and agriculture. DANIEL ESSIET writes on how local rice production has not only reduced capital flight but crashed the price...

Nigeria looks to revive economy via spending on big infrastructure projects

Nigerian Government seeks to revive economy via spending on big infrastructure projects across the Nation As Muhammadu Buhari, Nigeria’s president, is seeking approval from lawmakers to borrow nearly $6bn from the Export-Import Bank of China for railway projects, as his government seeks to revive a...

Nigeria moves up to 125th among world’s competitive economies – Report

Nigeria has moved two steps upward among the competitive economies in the world, according to the latest ranking by the World Economic Forum, WEF. Nigeria is now 125th out of the 137 economies that the ranking covers; it occupied 127th position in last year’s ranking. This...

The Need to Invest in Nigeria’s Infrastructure

There is a strong case for increased infrastructure spending around the world, more so in Nigeria, given the substantial infrastructure deficit. The se-verity of the downpour in most parts of the country in early July was unexpected. The high level of flooding from the...

FX Liberalisation is key needed to unlock momentum in Nigeria’s economy

Analysts are united in saying that the currency controls are holding the economy back. “ liberalisation is the key that is needed to unlock improved momentum elsewhere in the economy,” says Razia Khan, chief economist for Africa at Standard Chartered Bank. “Without it, we are...

Scarred Investors Want Proof on Naira Really Float on New FX Window

by Paul Wallace There will be initial caution among investors: StanChart Standard Bank sees ‘sharp but unsustainable’ drop in naira Nigeria’s latest attempt to ease the dollar shortage choking its economy is dependent on traders trusting the central bank. The monetary authority opened a foreign-exchange window...

Expert: Rising Diaspora remittances key to Nigeria’s economic recovery

by CHIKODI OKEREOCHA In 2017, Nigerians in the Diaspora’s remittances was $22 billion. It jumped to $25 billion last year; that is, 6.1 per cent of the Gross Domestic Product (GDP) and 83 per cent of the Federal Government’s budget. Experts say that tapping into...
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