Tags : Nigerian economy

[Fact Check] All You Need To Know About The New

By now, many bank customers in Nigeria may have received the email or text from their banks notifying them of the charge on every USSD transactions. John Akubuiro told TwentyTen that he got an email from Access Bank titled “Important Update on USSD Transactions”. The mail informed him that a… You must be registered to […]Read More

10 Richest Countries Vs 10 Poorest Countries In The World

Declared a global emergency in 2020, the Covid-19 pandemic did not only have a detrimental effect on global healthcare systems but the global economy was also affected badly, with countries having to flatten the virus spread curve by shutting down nearly all its revenue-creating sectors. Over a year down the… You must be registered to […]Read More

Report: The Future Of Electric Vehicles In Nigeria

Nigeria recently announced the launch of its first-ever, locally assembled electric vehicle, the Hyundai Kona. This to many might seem like Nigeria’s way of expressing her readiness to pick up the pace towards addressing the problems of climate change like the rest of the world. However, the reality is that this seeming giant stride leaves the […]Read More

Could Crypto Trading Be Nigeria’s Economic Messiah?

Data sources from Google Trends shows that Lagos, Nigeria ranks as the number one city based on the volume of online searches for Bitcoin (BTC). While this data might alarm you if you still think crypto trading is scam, this data most definitely shows a high level of interest among the city’s approximately 21 million people. What […]Read More

Economic Consequence of Hike in Nigeria’s Unemployment Rates

In 2019, Nigeria’s unemployment rate stood at 23.1 percent of the workforce in the third quarter, up from 18.1 percent of the previous year. In 2020, Nigeria’s unemployment rate came in at 27.1 percent, the highest on record which the government blamed on the coronavirus pandemic and the fall in global oil price. Facts however still remain that restive […]Read More

Expert Says Nigeria Has Lost N11.6 trillion to COVID-19

Financial analyst Tony Edeh has put the cost of the coronavirus pandemic on the Nigerian economy at N11. 6 trillion while discussing triggering inflation and the economy. While decrying poor Foreign Direct Investment, FDI inflows into the country in the past few years, Edeh told The Vanguard that the country was steadily slipping into recession […]Read More