'Nigeria’s PMI Hits 18-month High In July'
Nigeria’s Purchasing Managers Index rose to 55.4 in July from 53.6 in June, according to a report by Stanbic IBTC Bank.
The company said this signalled a marked improvement in business conditions, describing it as one of the strongest...
Nigeria’s Capital Importation Declines To $875.62m In Q2, 2021
The total value of capital importation into Nigeria declined to $875.62m in the second quarter of 2021 from $1.91bn in the first quarter of 2021.
The National Bureau of Statistics disclosed this in its report titled, ‘Nigerian...
Poor Oil Investments’ll Have Adverse Impact On Nigeria, OPEC Warns
Investing poorly in the oil and gas industry will have a heavy adverse impact on Nigeria and other oil-producing developing nations, the Organisation of Petroleum Exporting Countries warned on Wednesday.
OPEC observed that investment in the...
IMF Retains 2.5% Economic Growth Estimate For Nigeria
The International Monetary Fund (IMF) has retained Nigeria’s 2.5 percent economic growth forecast for 2021.
The institution said this in its World Economic Outlook (WEO) for July titled “Fault Lines Widen in the Global Recovery” released on Tuesday...
‘Weak Revenue Mobilisation Hindering Debt Servicing’
Despite concerns about Nigeria’s rising debt profile, the Convener of Borrow Right Africa, Taiwo Akerele has stated that the key issue with the country is revenue mobilisation, which is affecting the capacity to service debts.
He argued that Nigeria’s debt...
Nigeria, Others To Benefit From W/Bank COVAX Vaccine Financing
Nigeria and 91 other developing countries will benefit from a new COVID-19 vaccine financing mechanism, which is a product of a partnership between World Bank and COVAX.
The World Bank, in partnership with COVAX, stated that it...
