Economy

Nigeria Records Third Consecutive Quarter of Negative Trade Balance Nigeria has recorded a third consecutive of negative trade balance with the second quarter deficit position at N1.80 trillion. According to a recent trade report by the National Bureau of Statistics, the value of Nigeria's merchandise trade dropped to N6.242 trillion in...

Naira: Analysts Anticipate FX Convergence as CBN Boosts Liquidity. There have been moves by the Central Bank of Nigeria (CBN) to boost foreign exchange liquidity, and analysts have started projecting some sorts of convergence in rates.

Substantial Naira Devaluation Inevitable to Unlock FX Liquidity –CHD. As the Central Bank of Nigeria’s planned foreign exchange (FX) intervention sales set to commence, Chapel Hill Denham has said that substantial naira devaluation is inevitable to unlock liquidity.

Plunged GDP Fuels Unemployment Fear, Price Instability -Analysts. Declining gross domestic product (GDP) has stirred up fear of rising unemployment rate, price instability in the economy follows 11-month straight uptick recorded before it printed at 12.82% in July, 2020.

Officially, Nigeria's economy sinks 6.1% amid COVID-19 outbreak. Nigeria’s economic shrinks 6.1% amid covid-19 outbreak, the nation’s GDP

Recession on Horizon as Key Indicators Worsen, NBS to release GDP data

Debt Refinancing: C&I Leasing to Float N10bn Bond C & I Leasing Plc said it has perfected plans to raise N10 billion from the capital market through bond issuance. The company explained that the objective of the issuance is to refinance its debt and boost capital structure. MarketForces reported recently that companies...

Terrible Unemployment Rate Suggests Need for Reforms – Analysts Investment banking experts at Chapel Hill Denham Limited has said that weak labour market underlines the need for reform in Nigeria as misery index jerked up. In its macroeconomic note, experts at the investment frim advise policy makers to expand economic...

Price Instability Threatens CBN’s Single Digit Inflation Target:Persistent rise in average prices of goods is putting pressure on household income, couple with the fact that unemployment rate is at worst level since 2010.Analysts have again projected that the dust is yet

Growth: Experts Task FG on Private Sector Driven Economic Policies. To strengthen the nation's economic growth trajectory, experts have asked the Federal Government to development private sector driven policies and create enable business environment for local businesses to thrive.