COVID-19, VAT increase, naira devaluation spur rise in prices of consumables
The negative impact of Coronavirus pandemic has not only been felt across sectors in Nigeria, the consequence of the lockdown on the economy is disheartening.
Market unfavourable for Naira devaluation - CBN
The Central Bank of Nigeria (CBN) says market fundamentals do not support Naira devaluation this time around.
The untapped solution to our economic crisis
“The several calls and demand for further devaluation of the Naira especially by our so-called erudite economists, obviously ‘neo-liberal text book economists’ is very surprising.
Why portfolio investors are not flocking to Nigeria
Nigeria will probably receive its fair share of portfolio inflows once sentiments towards emerging markets improve, global oil prices show signs of rising, and global rating agencies start to review the country’s ratings upward.
‘Over 51% of Nigerian homes cannot meet daily basic needs’
Many Nigerians may have begun to feel the impact of the economic downturn on their socio-economic lifestyle as new indicators have reflected a high level of household economic instability, amid low social welfare intervention from government.