The Statistician General of the Federation/Chief Executive Officer of the National Bureau of Statistics (NBS), Dr. Yemi Kale, on Thursday disclosed that 1.4 million establishments had been captured in the first phase of the ongoing National Survey of Establishment (NSE) being conducted by the agency nationwide. Dr. Kale, who gave the hint during a media […]
The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has called for fair access to COVID-19 vaccines for Africans and debt relief for African countries to facilitate the recovery of their economies from the devastating impact of the pandemic. Adesina, who made the case for these reliefs while speaking at a virtual event […]
The Executive Board of the International Monetary Fund (IMF) on January 27, 2021, concluded the Article IV consultation [1] with Nigeria, with sundry monetary and fiscal policies recommended for implementation in order to sustainably grow the nation’s economy. In recent times, the IMF Directors observed that Nigeria’s economy had been hit hard by the COVID-19 […]
The total value of capital importation into Nigeria in 2020 significantly dropped to $9.68 billion compared to $23.99 billion imported in the preceding year, representing $14.31 billion or -59.65 percent decline year-on-year. The National Bureau of Statistics (NBS) reported these figures in its “Nigerian Capital Importation, Quarter Four (Q4), 2020” published on its website at […]
The National Bureau of Statistics (NBS) on Wednesday announced that it had commenced National Business Sample Survey (NBSS), otherwise known as the survey of establishments, nationwide. The kick off the exercise was sequel to the successful completion of listing of Establishments, a component of National Business Sample Census (NBSC). A statement released by the agency’s […]
Leading ratings agency, S&P Global, has affirmed its “AAA/A-1+” foreign currency issuer credit rating of the African Development Bank with a stable outlook. The ratings agency, in a letter, dated 29 January 2021, stated that its outlook reflected the expectation that the African Development Bank (AfDB) would, over the next two years, “prudently manage its […]
The Debt Management Office (DMO) has offered for subscription two years and three years Federal Government Savings Bonds at N1,000 per unit. A circular published on DMO’s website indicated that the two years bond with Feb. 10, 2023 as due date would attract an interest rate of 4.214 per cent per annum while the three-year […]
Most analysts in the nation’s economic space have endorsed the just enacted Finance Act 2020 in view of its great potential to transform the nation’s economy and reposition it on the path of sustainable growth in the years ahead. The support was confirmed in a survey by leading professional services firm, PwC Nigeria, during its […]
Nigeria’s Debt Management Office (DMO) has disclosed that the country’s 6.75% USD500 million January 2021 Eurobond, which matured on January 28, 2021, will be redeemed. To facilitate the timely redemption, the Federal Government has made funds available to DMO to repay both the principal sum of USD500 million and the accrued interest. The 6.75% USD500 […]
There are strong indications that South Africa may be compelled to revise its tax targets upwards as experts foresee the country’s budget shortfall accentuating for a second consecutive year. According to the median estimate of 13 economists in a Bloomberg Survey , South Africa’s budget deficit is projected to reach 11% of gross domestic product […]