Indicators of economic activity and employment have continued to strengthen. The sectors most adversely affected by the pandemic have improved in recent months but are being affected by the recent sharp rise in COVID-19 cases.
The Debt Management Office (DMO) listed the USD 4 Billion Eurobond issued by the Federal Government of Nigeria (FGN) on the FMDQ Securities Exchange on January 25, 2022. It will be recalled that the Eurobond was issued on September 28, 2021
The telecoms sector remained the bright spot in a weak economy in 2021 (Q3 2021 GDP: 10.87%). The growth in the telecommunications sector was supported by the advent of the global pandemic which led to the increased use of digital channels for daily routine activities ranging from telecommuting, entertainment and social engagements.
Our chart today shows that the gross monthly distribution by the Federation Account Allocation Committee (FAAC) distributed to the three tiers of government amounted to NGN700bn (c.USD1.69bn) in January (from December revenue).
With the pandemic and its associated developments, the ability to timeously and efficiently place orders for drugs and medicine to meet the needs of patients and consumers has become crucial and online-based pharmaceutical service providers have created a niche for themselves by filling this yearning gap.
The Tony Elumelu Foundation (TEF), the leading philanthropy empowering African entrepreneurs from all 54 African countries, has selected 4,949 entrepreneurs from across Africa for its 2021 Entrepreneurship Programme.
Nigerian Stock Market closed the month of November 2021 in the green zone as market maintained positive sentiment compared to the previous month of October 2021. The NSEASI inched up by 2.88% as against 4.52% gain recorded in the month of October 2021 while the NASD USI closed northwards with 0.07% gain recorded at the end of the month under review as against 1.49% gain in October 2021.
The last decade has witnessed a massive rave in the use and acceptance of digital currencies and assets all around the world. Amongst these digital assets, Nonfungible Tokens ("NFTs"), has gained so much popularity-particularly amongst creatives and content creators. NFTs are currently being projected as the "NEXT BIG THING" as a digital art collage was recently sold through the British Auction House as an NFT, for USD69.3 million[