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CATEGORY

Economics

Corporate Debt Surges Over N2trn as Rate Hikes Balloon Finance Cost

As the central bank pushes interest rates higher in its campaign against inflation, firms are starting to pay more interest on outstanding debt, as...

Soaring Inflation Across West Africa Raises Social Unrest Risk

Inflation has been the song of the year and people are beginning to dance to its unpleasant tunes. Protesters in Sierra Leone recently took...

Russia Now in Top Three Markets for Yuan Payments

Russia's payment volumes in Chinese yuan now make the country the third largest market in the world outside mainland China for the currency. The ranking is...

Nigeria Economy Comes Full Circle to 1999

Twenty-three unbroken years into Nigeria’s democratic experiment, it’s looking like déjà vu all over again for Africa’s most populous nation as current economic realities begin...

Euro-Dollar Exchange Rate Converges, Breaks a 20-Year Myth but Raises Concerns for African Countries

The financial market and by extension global economics is changing very fast than anyone could have ever imagined. Some say the pandemic is over but...

Falling Corporate Cash Flows Could Signal Problems Ahead

Nigerian companies have seen net cash flows from operating activities deteriorate, which validates a fragile economy. The irony is that they are selling but the...

Russia Restores Interest Rate to February Mark

The Central Bank of Russia (CBR) slashed its key interest rate on Friday from 11% to 9.5%. The regulator noted that inflation in the...

IMF Warns Sanctions Against Russia to Weaken Dominance of Dollar

The recent financial sanctions imposed on Russia for its invasion of Ukraine are threatening to weaken the dominance of the U.S. petrodollar as the...

World Bank Says Number Of Poor Nigerians Will Rise To 95.1 Million In 2022

The World Bank has said that poverty reduction stagnated since 2015, with more Nigerians falling below the poverty line over the years. President Muhammadu Buhari...

Nigeria : Income Per Capita Stagnant Despite Continued Economic Recovery

Nigeria’s economic recovery gained momentum in the third quarter of 2021, as the low base in the non-oil sector supported output and secured a...

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