Traffic congestion costs the economy of Lagos billions of naira daily. An unhealthy situation for Nigeria’s commercial hub which is home to some 20 million people and the sixth largest in Africa. Due to an unmet demand for traffic it faces a major obstacle in the suppressed productivity of its residents and skilled labour force…
The Nigeria Sovereign Investment Authority, NSIA, yesterday, indicated it has cut its United State of America’s treasury (bond) exposure to less than 20 per cent following concern over soaring yields and expensive valuations for some of the world’s largest firms.
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Nigeria’s fast-growing sectors in 2015 are almost unrecognisable today with some of them in a prolonged recession. The sectors, which had been the engine of growth for the economy, catapulting the economy to grow at an average 5 percent per annum, have continued to shrink in number; a pointer to the fact that Nigerians and […] Read Full Story