Nigerians have spent over N599.11 billion on beer between January and June 2022 despite the downturn in the economy. Beer producers like Nigerian Breweries, Guinness, and International Breweries reported Nigeria's spent N599.11 billion on alcohol consumption between January and June 2022 huge growth in their revenues in the months under review.
Fitch Ratings says it expects Nigeria’s economy to witness a 3.1 per cent growth this year, as it expects rising inflation, estimated at 17 per cent this year, may dampen the country’s economic growth.
Beijing reported a 4.8% growth for the first quarter, a modest increase over the previous quarter's 4%. The country's economy has been stalling amid coronavirus outbreaks.
24 Oct 2021
China's Q3 GDP growth came in below forecasts at 4.9%, as power shortages, supply chain disruptions and a liquidity crisis in the real estate market continue to weigh on the economy. Also, Facebook announces a plan to hire 10,000 new EU workers to build its "metaverse", and Hollywood narrowly avoids a major production crew strike.
12 Oct 2021
The revision comes as the post-pandemic recovery falters in advanced economies, including the US and Germany. The IMF has kept its growth forecast for 2022 unchanged but has warned of "dangerous" divergent recoveries.
29 Jun 2021
Stakeholders in Nigeria's food industry have committed to large-scale food fortification as a means to prevent micronutrient deficiencies in staple foods in Nigeria.
18 May 2021
Europe's largest economy can expect a strong economic recovery from the coronavirus pandemic, with an even more positive outlook for 2022, Economy Minister Peter Altmaier says.
8 Jan 2021
The World Bank has downgraded its previous prediction for global growth in 2021 to 4 percent. The organisation warned of a subdued recovery that could lag even further if countries do not stem the rise in coronavirus infections and effectively deploy vaccines. The European Union is also starting to look ahead to how to spend its recovery fund – with the largest recipient, Italy, on the brink of political crisis.
18 Nov 2020
Samiah Oyekan-Ahmed founded The Gift Source, a leading supplier of top quality and aesthetically pleasing gift products sourced locally and internationally, in 2013 to fill the void she noticed in Nigeria’s gift market. Trained as a Medical doctor, her voyage into entrepreneurship was not smooth. When she started out seven years ago, she was quite inexperienced but she had a fierce determination to succeed.
19 Feb 2020
With Dawn of Thunder set for release in 2020, Nigeria could get its first animated feature highlighting the growth in the country's animation industry. Funding and manpower are major challenges but animation studios continue to produce animated projects despite different disappointments.
17 May 2017
Revitalising export processing zones by reviewing local fiscal and regulatory incentives is a key part of Nigeria's economic recovery and growth plan.