Tinubu’s Economic and Financial Reforms: Gains, Pains, and Missed Targets
CBN also implemented wide ranging foreign exchange reforms, chiefly the elimination of multiple exchange rates to curb arbitrage, enhance transparency and boost investors’ confidence.
Capital importation falls 54% to $875m in Q2’21
By Elizabeth Adegbesan The value of capital importation into the country fell quarter-on-quarter ,QoQ, to $875.62 million in the second quarter of this year (Q2’21). This represents a 54 per cent decline when compared to $1.91 billion recorded in Q1’21.In its Nigerian Capital Importation Q1/Q2 2021 report released today, the National Bureau of Statistics (NBS) […]
Inflation reverses 19-month trend, drops marginally to 18.12%
Headline inflation fell to 18.12 percent in April representing 0.05 percent point year-on-year (YoY) decline when compared to 18.17 percent recorded in March.
Nigeria debt-to-revenue ratio to rise 395% in 2022 — Fitch
Fitch Ratings, world’s major credit rating agency, has projected that Nigeria’s debt- to-revenue ratio will rise to 395 percent by 2022, indicating that growth rate in public debt would far outstrip its revenue.
Nigeria Sovereign Wealth fund cuts USA’s treasury exposure
The Nigeria Sovereign Investment Authority, NSIA, yesterday, indicated it has cut its United State of America’s treasury (bond) exposure to less than 20 per cent following concern over soaring yields and expensive valuations for some of the world’s largest firms.
COVID’19: 58% households reduce food consumption in 6 months — NBS
ANational Bureau of Statistics (NBS) survey has shown that 58 percent of households in the country reduced their food consumption between July and December 2020 in order to cope with shocks caused by COVID’19.
