Posts Tagged ‘Economy’
The Israeli economy contracted in the first quarter of 2020 amid the coronavirus crisis, the largest decline in 20 years, at an annual rate of 7.1%, the Central Bureau of Statistics reported on Monday. The decline came when the Bank of Israel said it would keep its base rate unchanged at 0.1% in June, apparently […]
Africa’s richest man, Alhaji Aliko Dangote, yesterday gave a poignant verdict on efforts by successive governments to transform the nation’s economy, saying that Nigeria’s economy is not working. According to him, Nigeria’s economic diversification programme has been largely sluggish and elusive, warning that the risks are huge if Nigeria fails to fast-track the diversification of […]
Four months after their inauguration, Nigerian Ruler Muhammadu Buhari will today meet members of his economic team amid a myriad of economic challenges. Among other issues, the recent economic decisions by the government, particularly the border closure policy and implementation of the Finance Act 2020 as it relates to the hike of the Value Added […]
Nigeria’s Benin border closure and what it means for the African Continental Free Trade Agreement (AfCFTA) ~ Landry Signe
This May, the African Continental Free Trade Area (AfCFTA) came into force after its ratification by a sufficient number of African countries, marking a critical milestone in the Pan-African trade journey. The AfCFTA is predicted to boost the combined consumer and business spending and increase intra-African trade by at least 53.2%. Trading under the AfCFTA […]
Overall, the 25th Nigerian Economic summit has highlighted vital areas the Nation needs to fix and grow to set it on a path of growth and leapfrog into the Fourth industrial age.
The International Monetary Fund and African Development Bank have both predicted that Africa’s overall growth will improve in 2019 and 2020. According to the IMF, there will be a 6% increase across the continent with the North-African nation, Libya leading with 10.8 per cent. The African Development Bank on its partalso projected an improved economic […]