43% Of World’s Poor People Live In Nigeria– Report
By Olamilekan Alani Global economic growth could rebound next year but the number of people living in extreme poverty is expected to remain unchanged after a huge surge this year…
Nigeria Records Trade Deficit Of N138.98bn Q1 2020
By Olamilekan Alani Nigeria has recorded a total trade deficit of N138.98 billion between January and March 2020 according to figures from the National Bureau of Statistics (NBS) on Tuesday…
Uni-Abuja Plants 1,503 Date Seedlings
The University of Abuja, FCT, has planted 1,503 date palm seedlings on 12 hectares of land as part of efforts to raise date plantation in the environment. Prof. Abdul-Rasheed Na’Allah,…
Oil Prices Rise On OPEC+ Cuts, Record China Imports
Oil climbed on Monday after major producers agreed to extend a deal on record output cuts to the end of July and as China’s crude imports hit an all-time high…
Lagos Still Retain Its Position As The Nation Economic Capital -Report
Lagos State has retained its place as Nigeria’s economic capital, generating N398.7bn in 2019 alone. The sum is the equivalent of the combined internally generated revenue by 26 states of…
Covid-19: Jos Fruit Traders Lament Falling Sales
Fruit sellers in Jos, the capital of Plateau State have decried poor sales due to the total lockdown directive imposed by the state government since February to stem the spread…
COVID-19: German Economy Plunges Into Recession
The German economy plunged into a recession after suffering its steepest quarterly contraction since the 2009 financial crisis as shops and factories were shut down in mid-March to fight the…
Coronavirus’ Economic Impact Could Hit $8.8tln, Says Asian Devt. Bank
Global economic losses from the coronavirus pandemic could reach up to 8.8 trillion dollars, or nearly 10 per cent of the world economy’s output. The Asian Development Bank (ADB) said…
NESG Forecasts 4.1% GDP Rate Decline For Nigeria
The Nigeria Economic Summit Group on Monday projected that under a best case scenario, with global oil price averaging $35/barrel and Nigeria’s oil production standing at 1.3 million barrels per…
We Have Enough Forex CBN Gov Tells Investors
By Olamilekan Alani The Central bank Governor of of Nigeria, Godwin Emefiele, has call no the investors in Nigeria not to panic, saying the CBN has enough foreign exchange to…
