IMF Reports 72% Decline in Nigeria's GDP Per Capita, Signaling Economic Downturn
Nigeria, Africa's largest oil producer with a population of over 200 million, has experienced a decade-long economic slump, marked by a staggering 72.35% decline in its GDP per capita.
Data obtained from the website of the International...
The Bank of Industry (BoI) has pledged that it will continue to support loyal and existing local companies that have continued to invest in Nigeria despite the global economic downturn.
The economic situation in Nigeria has affected payment of banks’ loans, with the non-performing loans, otherwise known as bad loans, jumping from around N600 billion, last year, to N1.38 trillion in April, 2016, a document obtained from the Central Bank of Nigeria (CBN) by...
THISDAY investigations have revealed that foreign airlines lose about $200 million monthly to the present economic crunch in Nigeria, which has forced potential travellers to defer their trips due to lack of disposable income.
Also, there is reduction in passenger traffic as cash squeeze has...
