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
Tags :Economic Growth
Capital importation into Nigeria’s economy fell year-on-year by 24.6 per cent to $4.56 billion in the first 10 months of 2022 (10M’22). This is from $6.05 billion in the corresponding period of 2021. Findings from the Monthly Economic Report of Read More
THE International Monetary Fund has projected that Nigeria’s economic growth will slow to 3.0 percent in 2023. It added that the inflation rate will drop to 17 per cent. IMF also forecasted for global Read More
The government of Morocco has set up a monitoring agency that would ensure the legal use of cannabis just before the North African country completes the legalization of cannabis resin. Morocco is the world’s Read More
Months after discovering large amounts of light oil and associated gas off the coast of Namibia, the southern African country has joined Africa’s league of oil-producing nations to launch a sovereign wealth fund. At Read More
Comoros is an archipelago of four islands located at the northern end of the Mozambique Channel between Madagascar and the eastern coast of Africa. The economy of Comoros was hit hard by the adverse Read More
The National Bureau of Statistics has said that Nigerian residents spent N108.47 trillion on household consumption in 2021 in nominal terms. The figure is 11 percent higher than the N97.72tn recorded in 2020. This is an&Read More
According to the Central Bank of Nigeria’s report, the economy recorded slow growth in February. The CBN’s Monetary Policy Committee report showed that in February, the Manufacturing Purchasing Managers’ Index recorded slow growth, Read More
The Angolan government plans to invest over US$445.5 million (392.3 million euros) to build 21 logistics centres, by 2038, to minimise the challenges of goods transportation. Minister for Transport, Ricardo de Abreu, made this known at the Read More
Sticky
As Nigeria gradually heals up from the impact of the COVID-19 pandemic on its economy, Nigerians are still finding it difficult to adjust to the skyrocketing prices of food stuff despite key indicators showing a Read More
