February 19, 2021/United Capital Report Yesterday, the National Bureau of Statistics (NBS) published its Q4-2020 GDP estimates. According to the report, Q4 GDP grew 0.1% y/y, representing the first positive quarterly y/y growth since Q1-2020, an indication that the economy rebounded from the Covid-19 induced recession. Thus, the Q4 recovery […]
Updates
Q4-20 GDP: A Narrow Exit from Recession; Sustained Recovery Expected in Q1-21
February 19, 2021/Cordros Report The recently released Q4-20 GDP report by the National Bureau of Statistics (NBS) surprised positively as Nigeria narrowly exited its second recession in four years. The fourth quarter’s improvement in economic activities was quite remarkable as GDP grew by 0.11% y/y (Q3-20: -3.62% y/y), a marked […]
OPEC Fund extends $50m for poverty reduction in Tanzania
The project will build rural infrastructure to boost economic opportunities and improve access to social services for more than 900,000 people February 19, 2021/OPEC Fund The OPEC Fund for International Development (the OPEC Fund) (https://OPECFund.org) has signed a US$50 million loan with Tanzania to finance the ‘Fourth Tanzania Poverty Reduction […]
