Consumers’ll Avoid Buying Expensive Items In 2021 – CBN Survey         The Central Bank of Nigeria has said most of the consumers it surveyed recently do not have plans to buy big-ticket items in 2021, considering the current economic conditions, according to a survey by the...

Foreign Investments To Decline By 50% In 2021, Worst In 20 Years — NIPC         Global Foreign Direct Investments (FDI) has been projected to drop by 40 per cent this year and 50 per cent in 2021, being the worst in the last 20 years. The Executive...

Nigeria, South Africa Bilateral Trade Hits $8.2bn Annually       The Consul General of Nigeria to South Africa, Abdulmalik Ahmed, has said that the bilateral trade between Nigeria and South Africa is worth $8.6 billion. Ahmed said the mutual benefit of the trade relation was bound to yield...

Debt Servicing Hindering Nigeria’s Economic Growth Efforts – NECA       The Nigeria Employers’ Consultative Association has warned that the growth in Nigeria’s external debt was jeopardising the economic growth efforts of the Federal Government. The association raised this concern in a statement on Tuesday titled ‘Salvaging the...

Nigeria’s Forex Inflow Hits $21bn In Q3       The total amount of foreign exchange inflow into the economy in the third quarter of 2020 stood at $21.46 billion, according to data from the Central Bank of Nigeria (CBN). The CBN, in its third quarter economic report said...

Stock Market Sustains Positive Sentiment, Gains N235bn         Transactions in Nigeria’s stock market, on Tuesday, sustained positive sentiment as the market capitalisation of equities appreciated by N235bn. The major market performance indices, the Nigerian Stock Exchange All Share Index and market capitalisation, rose further by 1.20 per...