TRUE: ‘Nigerians still enjoy the lowest cost of living in Africa’ Claim:The Nigeria government has claimed that ‘Nigerians still enjoy the lowest cost of living in Africa’.Verdict: True.Full Text:The presidential Read More
Tags :African economy
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Economy
#Daily Chart: Nigeria’s Naira, among Africa’s worst currencies, falls by 40% in October 2023.
According to the World Bank, the Nigerian naira is one of the worst performing currencies in Africa in 2023, having fallen by over 40% against the US dollar. Other currencies with significant losses so far in 2023, according Read More
Nigeria ranked fifth-lowest on the list of African countries with visa-free travel access. The ranking of passports indicates how far an African passport can travel to other countries. Read More
East African Community (EAC) has proposed the idea of a unified currency for East Africa, an idea that has since gone beyond the planning stage. According to the Secretary-General of the EAC, Peter Mathuki, the Read More
The European Commission President Ursula von der Leyen has announced the launch of a new investment package worth €150 billion ($169.67bn) for Africa, in a bid to create an alternative to Chinese loans and investments that Read More
A new analysis has projected Africa’s cannabis industry to grow beyond a valuation of $7 billion by 2023 due to increasing demand and legalization of the plant across the continent. Danie Nel, the Chief Executive Officer Read More
35-year-old Frederic Issa is a shoe cobbler in Yaounde. For the CAF games, Issa switched to the cab-hailing business with the belief it´s a profitable business now that the games have started.Tens of Read More
Africa’s economy like the rest of the world continues to face prolonged depression due to the breakdown in much-needed commerce as a result of the ongoing Covid-19 pandemic.Some countries have devalued their currencies Read More
