Nigeria Records Poor Exports In 2020 – Report       Nigeria has been listed as one of the countries that performed terribly in terms of exports in 2020. The report released on Wednesday by the United Nations Conference on Trade and Development UNCTAD listed Colombia, Saudi Arabia and...

Nigeria Attracted $2.6bn FDI In 2020 Amid Global Downturn - UNCTAD       Global foreign direct investment (FDI) collapsed in 2020, falling 42% from $1.5 trillion in 2019 to an estimated $859 billion, according to the latest UNCTAD Investment Trends Monitor, with Nigeria earning $2.6billion of the...

IMF Projects 10.4% Contraction In Global Trade         The International Monetary Fund (IMF) has projected a 10.4 per cent contraction in global trade as well as a global economic growth rate of -4.4 per cent in 2020. In the just-released biannual World Economic Outlook (WEO) report, the...

COVID-19 Threatens African Countries’ IGR, Others       The coronavirus (COVID-19) pandemic; has threatened African countries’ internally-generated revenues (IGR) thereby impeding their ability to fund essential services in education, health and infrastructure sectors of the economy. According to the 2019 Human Development Report, Africa will not be unable...

Trade In Medical Supplies Rise By 50%         Trade in COVID-19 medical supplies such as personal protective equipment, disinfectants, diagnostic kits, oxygen respirators and other related hospital equipment has risen by 50 per cent since April. A new study by the United Nations Conference on Trade and...

Global FDI Projected To Decrease By 40% Below $1trn In 2020   Global foreign direct investment (FDI) flows are projected to decrease by up to 40 per cent in 2020, from their 2019 value of $1.54 trillion, according to United Nations Conference on Trade and Development’s...