Tag: economy

Fuel Price Hike: Where Are 2012 Activists in 2020?

On September 2, an announcement was made to the public that the pump price of premium motor spirit (PMS), otherwise known as petrol, had been increased to N151.56 per litre.…

Read More Arrow

Nigeria, An Economy In Crisis

The crisis is another wake-up call to restructure the economy Even when the numbers are open to broad interpretation, the figures released recently by the National Bureau of Statistics (NBS)…

Read More Arrow

Nigerian traders in Ghana: Caught between a rock and a hard place

This is not the best of times for Nigerian traders in Ghana whose businesses are facing existential threats following the insistence of the authorities in that country that they must…

Read More Arrow

As South Africa Struggles to Contain the Spike in Covid Cases, Economy Crumbles

  While such African countries as Tanzania and Burundi chose to simply ignore the dangers of Covid-19, or lagged on testing and contact tracing—like Nigeria—South Africa did everything by the…

Read More Arrow

With Dollar cut access to individuals, businesses, Forex scarcity Chokes Nigeria’s Economy ,Recession Looming

Nigeria’s foreign-currency shortage is squeezing the life out of Africa’s biggest economy. Banks won’t honour card payments, foreign investors can’t get their money out and manufacturers are unable to import…

Read More Arrow

Onne Ports berths Largest Maerskline-Stardelhorn container vessel

The Nigerian Ports Authority has expressed excitement at the successful berthing of the biggest container vessel to ever call at any Nigerian port. The Maerskline Stardelhorn vessel which boasts of…

Read More Arrow

Finally, Nigeria vos action against Ghana

Nigeria is to take "urgent steps" following a viral video showing the forced closure of shops belonging to Nigerian traders in Ghana. Foreign Affairs Minister Geoffrey Onyeama made the announcement…

Read More Arrow

South African Business Leaders Fret Over Post-Virus Revival

South African business leaders are growing increasingly concerned that the government doesn’t have the will or capacity to overcome the economic devastation wrought by the coronavirus pandemic. Business for South…

Read More Arrow

Why South Africa May Give in to IMF By Introducing Debt Ceiling

Country ‘open to’ a debt limit, Mboweni and Kganyago say  Measures to rein in debt to be introduced from fiscal 2022 South Africa may introduce a debt limit in its…

Read More Arrow

United Capital Plc Releases Economic, analyses Nigeria’s economy

The United Capital Plc has released its economic outlook report for the second half of the year. The bi-annual report analyses the status of the Nigerian economy and outlines future…

Read More Arrow