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6 Uncomplicated Ways to Get Studying Fun

  • July 26, 2020
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Naira falls N777 against dollar after CBN announcement
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  • March 6, 2022
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Nigeria’s gas revolution will lift West Africa’s energy

  • March 6, 2022

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Cardoso reiterates CBN’s commitment to transparent monetary reforms

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Cadbury's $7m debt to stock conversion approved by shareholders
News

Cadbury’s operational profit hits N80.40bn

Cadbury Nigeria Plc increased its operational profit by 4,228 percent to N8.40 billion in 2023, from N195 million the previous year. The unaudited financial statement that the board of directors of Cadbury authorized shows that the company’s gross profit increased by 130% in 2022 to N17.79 billion from N7.72 billion. Between the period under review […]

IMF lowers 2024 growth projections for Nigeria
Economy

IMF lowers 2024 growth projections for Nigeria

The International Monetary Fund reduced its October prediction of 3.1% for Nigeria’s GDP growth in 2024 to 3.0, which is a 0.1% reduction. The IMF made this known in its updated World Economic Outlook for 2024 and 2025. The analysis predicts that Sub-Saharan Africa’s GDP will expand by 3.8% in 2024 and 4.1% in 2025, […]

Nigeria's economy to grow by 0.1% in 2024 — UN
Business News

Nigeria’s economy to grow by 0.1% in 2024 — UN

The United Nations has projected that the Nigerian economic growth to rise from 3.0% in 2023 to 3.1% in 2024. However, there are certain things that depend on the growth. The UN research indicates that Nigeria’s GDP may grow in 2024 as a result of its aggressive stance against climate change and internal oil refining. […]

Nigeria's per capita income to hit pre-COVID level 2025 - W'Bank
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Nigeria’s per capita income to hit pre-COVID level 2025 – W’Bank

Nigeria’s per capita income is expected to reach its pre-pandemic level by 2025, according to World Bank projections. “Growth in Nigeria is projected at 3.3 percent this year and 3.7 percent in 2025—up 0.3 and 0.6 percentage points, respectively, since June—as macro-fiscal reforms gradually bear fruits. The baseline forecast implies that per capita income will […]

Companies that exited Nigeria amid economic challenges
Business featured

2023: Companies that exited Nigeria amid economic challenges

Throughout 2023, Nigeria’s business environment grappled with unprecedented challenges, chiefly influenced by the complexities of an election year. Uncertainties surrounding election outcomes and policy directions led investors to adopt a cautious stance, influencing significant long-term investment decisions. The year kicked off with artificial cash scarcity and a botched currency note redesign, initially hampering consumer spending. […]

Nigerian businesses to face worse economic conditions - PwC
Economy

Nigerian businesses to face worse economic conditions – PwC

PwC Nigeria’s financial analysts predicted that the effects of the government’s most recent economic changes will result in increased business expenses and decreased revenue for Nigerian companies. Nairametrics reported that the analysts who made this claim in a paper titled “Nigeria Economic Outlook” claimed that the medium-term real economic growth may be slowed by ongoing inflationary […]

Minister of Labour and Employment, Chris Ngige
Business

Nigerians will not die of economic hardship – Ngige

The Minister of Labour and Employment, Chris Ngige, has stated that Nigerians will not die but adapt to the economic hardships in the country. In a statement issued on Sunday, he noted that economic hardships were not unique to Nigeria, but a global phenomenon caused by the COVID-19 pandemic and other economic crises. Ngige who […]

FG to launch W'Bank-funded $100m women empowerment project
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How Nigeria can stabilize economy – World Bank

Increased oil revenues are one strategy the Nigerian government can use to regain macroeconomic stability, according to the World Bank. This was stated in the April 2023 Macro Poverty Outlook by the World Bank. According to this, the government may improve the economy by enacting some measures; Increase oil and non-oil revenues, tighten monetary policies to […]

Economy

Why Nigeria’s economic development will drop in 2023 – KPMG

From the KPMG Nigeria 2023 Annual CFO Outlook Survey, 41% of CFOs think there won’t be any discernible growth at all. The delayed withdrawal of fuel subsidies, an unstable foreign currency environment, a high rate of inflation, insecurity, and the tax and regulatory environment are some of the reasons the CFOs provided for the lackluster […]

UK raises financial requirements for international students
Business

Uk recorded zero economic growth in February – Report 

The UK economy did not grow in February despite experiencing an economic growth surge of 0.4% in January.   According to BBC, the Office for National Statistics said that growth in the construction industry was counteracted by falls in public sector services due to strikes.   In January, there was an unexpected 0.4% surge in […]

US adds over 500,000 jobs despite global workforce reduction
Business

Weekly jobless claims in US drops below prediction

The number of Americans submitting new unemployment benefit claims dropped more than anticipated last week, indicating ongoing labor market strength in the country. The Labour department said on Thursday that, “Initial claims for state unemployment benefits dropped 20,000 to a seasonally adjusted 192,000 for the week ended March 11.” Meanwhile, Reuters’ survey of economists predicted […]