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Is Nigeria’s economic recovery real, or just a mirage?
6 hours ago · Nigeria, Africa’s largest economy, holds immense potential. Yet, its current economic situation is fraught with challenges. While the recent GDP growth of 3.19 percent in Q2 2024 offers a glimmer of hope, it is overshadowed by the stark reality of 104 million Nigerians living below the poverty line and a youth unemployment rate of 42.5 percent.
Businesses brace for more naira pain - Businessday NG
1 day ago · Nigerian businesses are bracing for further naira depreciation in the coming months, with recovery anticipated only after six months, according to a recent report by the Central Bank of Nigeria (CBN). The Business Expectations Survey published by the CBN revealed that the firms are pessimistic about ...
Inflation is top nightmare for Nigerian startup founders — Report
23 hours ago · A report by Flourish Ventures has revealed that 66 percent of Nigerian founders have listed the country’s growing inflation rate as their highest stressor. The report, “Passion and Perseverance; Voices from the African Founder Journey,” received responses from 169 founders in …
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Nigeria’s premier private equity firm Capital Alliance took a forty per cent equity in BusinessDay Media Limited in 2002. This holding grew to about 60 per cent in 2004 when it formed Johnnic West Africa Limited with Johnnic Communications of South Africa, owners of Business Day SA.
The promise of clean energy for Nigeria - Businessday NG
10 hours ago · The transition to a greener economy presents an opportunity to redefine Nigeria’s development trajectory. Beyond reducing emissions, renewable energy projects can catalyze broader economic transformation by fostering innovation, improving health outcomes, and enhancing resilience to climate impacts.
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Economy. Why Growth in Sub-Saharan Africa is Splitting into Two Paths. Economic growth in Sub-Saharan Africa is diverging, with countries like Ethiopia, Rwanda, and Senegal experiencing rapid growth, according to the IMF.....
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Nigeria’s economic crisis: A homegrown disaster, not an IMF plot!
6 days ago · Nigeria’s perennial economic woes have once again ignited a familiar chorus of blame, this time directed at the International Monetary Fund (IMF) and the World Bank. The recent economic turmoil, marked by skyrocketing inflation, currency devaluation, and soaring unemployment, has fueled a ...
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