In Nine Months, Nigeria Spent N1.99trn On Debt Servicing         Nigeria spent almost N2tn on debt servicing payments from January to September 2020, the latest data obtained from the Debt Management Office have shown. The DMO had on Thursday disclosed that the nation’s total public debt stock...

MyClinic App, an Innovative Solution to Covid-19 Resurgence - Healthcare Experts .... Indigenous App Records 300% growth in subscriptions  To combat the resurgence of COVID-19 in Nigeria, healthcare specialists have recommended an indigenous tech solution, Myclinic.ng, that enables families and individuals to access high-quality healthcare from...

Diaspora Remittances Into Nigeria Drop By 27% To $12.9bn         Diaspora remittances into Nigeria fell by 27 percent, year-on-year (y/y) to $12.9 billion as at September 2020 from $17.6 billion in the corresponding period of 2019. The 27 percent decline is 3.9 percentage points higher than the...

IMF Rates Nigeria’s GDP As Best In Africa         Using the Gross Domestic Product (GDP) as yardstick, the International Monetary Fund (IMF) has rated Nigeria as the best economy in Africa. In its 2020 World Economic Outlook, the IMF also ranked Nigeria as one of the world’s...

Nigeria’s Duty-free Export To US Shrinks To $351.73m         Nigeria’s export to the United States under a duty-free policy declined in the first nine months of 2020, recording $351.73m from January to September. According to the latest African Growth and Opportunity Act policy trade statistics, exports to...

PMI Report Indicates Contraction In 70% Of Economic Subsectors         Central Bank of Nigeria (CBN) said that 70 percent of the sub-sectors surveyed for its monthly Purchasing Managers Index (PMI) experienced contraction in December. The report showed that out of 31 sub-sectors surveyed, 22 recorded contraction while...