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Nigeria

Why Nigeria Needs More Direct Investment to Grow its Economy

In May, the National Bureau of Statistics (NBS) published its Nigerian Capital Importation first-quarter Report, which revealed that Nigeria received $5.85 billion capital inflows in the first quarter (Q1) of 2020. 

According to the NBS, the $5.85 billion represents over fifty percent increase when compared to what Nigeria received in the fourth quarter of 2019. However, when compared to the corresponding first quarter period of 2019, the investment flow into Nigeria shows a 31.19% decline.

3 things the recent elections in Nigeria reveals about the nation

Nigeria, Africa`s biggest economy and the world`s most populous black nation recently conducted its 2019 general elections which saw the incumbent President Muhammadu Buhari re-elected, although not without a fight from his main opposition Atiku Abubakar a business tycoon and former vice president.

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