In a groundbreaking report, various campaign groups reveal that sub-Saharan Africa is, in fact, a net creditor to the rest of the world, with over $41 billion leaving the continent. Despite $161 billion flowing in through loans, remittances, and aid, an alarming $203 billion exits Africa.
This...
The growth of the oil economy declined to -2.40%, latest gross domestic product (GDP) released by the National Bureau of Statistics has shown. This is a difference of – 0.78 percentage points from the -1.62% recorded in the fourth quarter of 2018. The nation’s GDP also contracted to 2.01% from...
Africa is expected to see a recovery in Gross Domestic Product (GDP) growth from its present 3.0 per cent to 3.5 per cent in 2018. This is according to a statement obtained from the UN Economic Commission for Africa (ECA) website on Wednesday in Abuja. Africa’s …
via BusinessDay : News you...
On May 20th, Nigeria Bureau of Statistics reported the surprising contraction recorded in Nigeria’s economy.
The first negative year-over-year quarter for GDP in six years. This will be the start of more negative news from Nigeria.
Without a major currency reform, the weakness of Nigeria’s...
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Minister of Finance, Mrs. Kemi Adeosun, has said the Federal Government will borrow internationally and locally to finance the deficit in the 2016 budget, SignalNg reports.
The minister in an online publication revealed that the development was as a result of dwindling oil prices which is...
The beauty of having a paid employment is the certainty of financial remuneration at a given period. However, this is not the ultimate because people in the workforce everywhere around world are stuck in the bubble of constantly evaluating their earnings and seeking better pay for what they...
According to International Monetary Fund’s World Economic Outlook database figures released yesterday, Nigeria’s gross domestic product (GDP) is set to total $1.105trn in 2015, representing a 5% growth from last year.
The International Monetary Fund has ranked Nigeria as the 22nd largest...
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