Nigeria will probably grow at a slower pace in 2023 compared to the previous year due to an acute cash crunch in the first quarter that marred economic activity in Africa’s biggest economy. Fitch Solutions, the research arm of credit ratings agency Fitch ratings in its Africa Monthly Outlook report, expects Nigeria’s economy to grow […]

read more Cash shortages in Q1 to weaken Nigeria’s growth in 2023 – Fitch

Nigeria’s fertility rate has declined every year since 1979 yet the country has assumed a fixed growth rate for its now over 200 million population based on a controversial headcount done nearly two decades ago. From an average of 6.763 births per woman in 1978, fertility rate in Nigeria has fallen to 5.076 in 2023, […]

read more Nigeria’s declining fertility rate contradicts population estimate

With just over a month to the end of his tenure, President Muhammadu Buhari’s plan to restructure the debt owed to the central bank has not got off the ground. Lawmakers have yet to give it the green light. Four months ago, Buhari sent a letter to the National Assembly seeking approval to convert N22.7 […]

read more Buhari’s N22.7trn debt conversion plan stuck in limbo

With rising prices of goods and services injecting uncertainty into the equities market, value stocks are seen as a hedge against inflation risks. A value stock refers to shares of a company that appears to trade at a lower price relative to its fundamentals, such as dividends, earnings, or sales, making it appealing to value […]

read more Value stocks seen shielding investors from inflation risks

Africa’s largest economy attracted the continent’s highest number of venture capital investments worth $6.5 billion in 2022, a new report from Africa Private Equity and Venture Capital Association (AVCA) has shown. According to the pan-African industry body, which promotes and enables private investment in Africa, Nigeria outperformed four other countries that made the top list […]

read more Nigeria leads Egypt, South Africa, others in venture capital