Nigerian Central Bank Holds Benchmark Interest Rate at 11.5%

By Sahabi Abdul The Central Bank of Nigeria left the benchmark interest rate unchanged at 11.5 percent, saying time was … More

Nigeria’s Economy Shrank 6.1% in 2nd Quarter

For the country of 200 million people, more than half of which are under 30 years old, it spells unsavoury consequences, including high unemployment and a decline in personal savings as businesses lay off workers or close shop altogether.