Browsing: economy

Euromonitor International has forecast the GDP of Sub-Saharan Africa to double by the year 2040 from the 2022 figure of USD 2 trillion to over USD 4.5 trillion.

In the first half of 2023, Nigeria missed revenue targets amidst uncertainties in the economy. As a result,

Perhaps the Central Bank of Nigeria (CBN) monetary policy committee will seat back to rethink the decision …

The global economy’s “speed limit”—the maximum long-term rate at which it can grow without sparking inflation

Declining demand, FX illiquidity halt recovery in activity levels…

Experts have advised the Central Bank of Nigeria

Italy votes in referendum on downsizing parliament

Onyeagwu Seeks Expansion of Non-Oil Exports Post COVID-19. The Group Managing Director/Chief Executive of Zenith Bank, Mr. Ebenezer Onyeagwu has called for a concerted effort towards diversifying the country’s export base through the promotion of non-oil exports.

PMI: Sustain Contractions Foreshadow Economic Recession –Analysts. The sustained contraction of the Purchasing Managers’ Index (PMIs) for the third consecutive month in July 2020 forebodes an economic recession for the country, experts at Cowry Asset Limited have said.

‘Concerns around FX adjustment to Dampen Foreign Inflow’. United Capital Plc has said that concerns around further foreign exchange adjustment are likely to discourage large-sized foreign investment, both portfolio and direct inflows for the rest of 2020.