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Nigeria: Nigeria to Lapse Into Recession With Serious Consequences If... , Govt Warns
Vanguard, 20 August 2020
The Federal Government on Thursday warned that strong indications have emerged that the nation's economy was likely to lapse into a second recession in four years, with significant… Read more »
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Nigeria: Rising Inflation, Cause for Concern, Expert Cautions
Vanguard, 18 August 2020
Professor of Finance and Capital Market in Nasarawa State University, Lafia, Uche Uwaleke, yesterday, expressed concern over rising inflation in Nigeria, engendered by increasing… Read more »
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Nigeria: Scarcity - Banks Restrict Forex Spending Abroad
Daily Trust, 19 August 2020
To avoid foreign exchange (forex) settlement risk, some banks have reduced the amount of dollars customers can spend abroad using their debit cards. Read more »
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Nigeria: Dollar Scarcity Worsens, Forces Naira Down
Premium Times, 18 August 2020
The scarcity of dollars at the parallel market on Tuesday in Lagos forced the Naira down to N480 to a dollar. Read more »
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Nigeria: Rising Inflation - Stabilise Forex Now - Experts Tell CBN
Vanguard, 18 August 2020
Financial experts on Tuesday expressed concerns on the country's rising inflation rate currently at 12.82 per cent, and called for stabilisation of the exchange rate. Read more »
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Nigeria: Again, Govt Hints of Another Recession
Leadership, 14 August 2020
The federal government yesterday warned that except the the country achieves a strong economic performance in third quarter of 2020, there is the possibility of sliding into a… Read more »
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Nigeria: What Does the Rise of Unemployed Nigerians Mean?
This Day, 18 August 2020
The news is downright depressive. Nigeria's unemployment rate climbed to 27.1% in the second quarter of 2020. Let's do the math: With a labor force of 80.2 million, that means… Read more »
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Nigeria: Analysts Seek Better Security, Productivity As Inflation Rises to 12.82 Percent
This Day, 18 August 2020
Analysts yesterday urged the federal government to end the incessant bandit attacks on farming communities as well as pursue an aggressive implementation of the Economic… Read more »
Dollar Scarcity as Nigeria Faces Another Possible Recession
The government's coffers have been heavily impacted after crude prices plunged in the wake of the novel coronavirus pandemic. The government has said that the country needs to achieve a strong economic performance in the third quarter of 2020, or there will be the possibility of sliding into a second recession. Experts have expressed concern over rising inflation in Nigeria, coupled with increasing unemployment, high exchange rates and illiquidity in the foreign exchange market.
InFocus
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Saudi Arabia plans to unilaterally increase oil output next month, a move that could further reduce prices and could make matters worse for oil-dependent countries like Nigeria. ... Read more »
A commercial tricycle operator operating along Tafawa Balewa Square in Lagos Nigeria
