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Nigeria Economic Update: Accelerating Economic Expansion, Creating New Job Opportunities
December 19, 2019 – Nigeria could enable millions of citizens to escape poverty over the next decade through enacting bold reforms designed to boost economic productivity, according to the latest economic analysis.
The Nigeria Economic Update, Jumpstarting Inclusive Growth: Unlocking the Productive Potential of Nigeria's People and Resource Endowments, says the country's productivity-how successfully the economy transforms land, labor, capital and other inputs into goods and services-is low compared to peer countries, hindering economic growth, job creation, and living standards.
Without robust productivity growth, the report warns that living standards will continue to deteriorate, and the number of people living in poverty will continue to rise, increasing by more than 30 million by 2030.
view the World Bank Nigeria Economic Update, Jumpstarting Inclusive Growth: Unlocking the Productive Potential of Nigeria's People and Resource Endowments
Source: World Bank
JSE holds on to gains
December 12, 2019--After having opened and trading mostly firmer in the morning session on Thursday, the local bourse relinquished most of its gains despite eventually closing firmer on the day.
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Source: FIN24
JSE firmer as inflation slows for a consecutive month
December 11, 2019-The local bourse edged higher on Wednesday on the back of modest gains across all the major indices.
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Source: FIN24
Local bourse struggles for direction
December 9, 2019--The JSE struggled for direction on Monday before eventually closing mildly softer after a muted session.
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Source: FIN24
Nigeria: Moody's Changes Nigeria's Ratings From Stable to Negative
December 5, 2019--Moody's Investors Service, one of the global credit rating agencies, wednesday changed its outlook on Nigeria's ratings to negative from stable.
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Source: allafrica.com
JSE softer as domestic pressures weigh
December 5, 2019--The local bourse closed softer on Thursday on the back of broad-based losses across all the major indices.
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Source: FIN24
Global stocks rise on trade optimism
December 4, 2019--The JSE advanced to close firmer on Wednesday after a lukewarm start to the session.
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Source: FIN24
South Africa: Economy shrinks by 0.6% in third quarter
December 3, 2019--Over the past seven quarters, South Africa's the economy has contracted four times, which included falling into a recession in 2018.
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Source: FIN24
JSE slips as GDP disappoints
December 3, 2019--The local bourse tracked other global markets lower on Tuesday as markets priced a high probability of a phase one deal not being signed between China and the US.
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Source: FIN24
Local bourse softer as industrials and financials fall
December 2, 2019--The JSE has started the week on the backfoot as it closed weaker on Monday on the back of losses in the industrials and financials indices.
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Source: FIN24
