Wednesday, December 1, 2021
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Economy Insight

Read the latest news on the economy in Nigeria.

For MD/CEO, Abx World Limited, Captain John Okakpu, the African Free Trade Area (AfCFTA) has the potential to lift millions of people out of poverty and end food insecurity on the Continent, including Nigeria. According to him, in spite of the enormous advantages African countries can leverage, Nigeria has not...
Stakeholders in the manufacturing sector have faulted the Federal Government over the country's poor economic performance. This development came amid the recession Nigeria just plunged into. With the economic downturn, stakeholders in the manufacturing sector, including those under the auspices of Manufacturers’ Association of Nigeria’s Export Group, Abuja Chamber of Commerce...
President Muhammadu Buhari has bragged about the launch of eNaira, saying under his watch, Nigeria became the first country in Africa to float a digital currency. Speaking at the official launch of eNaira in Abuja on Monday, October 25, 2021, the president stated: "We have become the first country in...
The Association of Bureaux De Change Operators of Nigeria (ABCON), has cautioned against an increase in retirement age. The Association maintained that the increase in the retirement age works indirectly on the policies that are targeted at reducing the rate of unemployment amongst youth in the country. In its quarterly economic...
As dollar to naira continues to be a topic of discussion on a daily basis, the World Bank has faulted Nigeria's forex policies with a claim that they are discouraging investments, and fueling inflation. While highlighting the role of the Central Bank of Nigeria (CBN) as it relates to forex...
The Central Bank of Nigeria (CBN) has advanced steps to tackle the increasing exchange rate challenge the country has since been battling, as it announced its decision to attract about $2 billion monthly as remittances from citizens in diaspora. According to the Governor of CBN, Godwin Emefiele, since Pakistan receives...
Chairman of the United Bank of Africa (UBA) Group, Tony Elumelu has highlighted the economic recovery plan for President Muhammadu Buhari and other African leaders. While speaking at a roundtable discussion made up of African leaders, including Dr. Ngozi Okonjo – Iweala, the Special Envoy of the African Union on...
Dollar to naira has significantly increased, such that it has made the Nigerian local currency suffer a steady under President Muhammadu Buhari's watch. Unmask NG understands that within a period of six years that Buhari rode into power on the promise of making naira stronger as against the dollar, the...
The Nigeria communication commission (NCC) has said that it is working with stakeholders to ensure the safety of 5G network in preparing for the upcoming launch of the network. Speaking at a Tech forum themed “Multi-stakeholder approach to National Recovery post-pandemic,” the Executive Vice President, Prof Umar Danbatta explained that...
Some financial experts have advised the Federal government on how to tackle Nigeria's economic situation. With the decline of economic activities in the country, financial experts like Prof. Uche Uwaleke, a professor of Capital Market at the Nasarawa State University, Owoturo Seyi, the President of the Institute of Capital Market...