AfCFTA can grow Africa’s economy to $3.4tn – Adebayo

Adelani Adepegba and Amarachi Orjiude Published 28 July 2021 The Minister of Industry, Trade and Investment, Niyi Adebayo, has emphasised the need to sensitise medium, small and micro enterprises in the country on the benefits of then Africa Continental Free Trade Area, stressing that widespread implementation of the agreement could drive Africa’s aggregate gross domestic product to $3.4tn. Adebayo made…

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MPC urged to maintain status quo amid inflation, weak economy — Business — The Guardian Nigeria News – Nigeria and World News

Economy. Photo/financialexpress[/caption7As the Monetary Policy Committee (MPC) meets, experts have called on the Central Bank of Nigeria (CBN) to keep monetary policy rates at current values while strengthening intervention initiatives in critical sectors of the economy. According to experts, maintaining the status quo and strengthening intervention initiatives would be the most expedient decision to take given the prevailing economic condition…

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Banks’ credit to economy hit N24.23tn, says CBN

The total credit from the banking sector to the economy rose to N24.23tn as of the end of May, the Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, disclosed on Tuesday. Speaking at the end of the two-day meeting of the Monetary Policy Committee in Abuja, he said, “Accordingly, aggregate credit at end-May 2021 stood at N24.23tn, compared…

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Unsafe food, threat to human health, economy – Sanwo-Olu

The Lagos State Governor, Mr Babajide Sanwo-Olu, has expressed his commitment to ensuring that Lagosians have access to safe food. Sanwo-Olu, who was represented by the State Attorney-General and Commissioner for Justice, Moyosore Onigbanjo, made this known on Wednesday during the first edition of the Lagos State Food Safety Conference and Exhibition in Alausa, Ikeja. He said, “An estimated 420,000…

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Our first economic experiences affect our relationship with work for life | Torsten Bell

Formative experiences in life are … formative. Our parents shape our future for good and ill, affecting everything from our relationships to the jobs we do. But our prospects are also shaped by our formative economic experiences.The young have been hardest hit by this pandemic-induced downturn, following the general pattern of previous recessions. Resolution Foundation research reveals that the experience…

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Will ‘Human Infrastructure’ Overheat the Economy? – by Harvest Prude and Ryan Brown

(Photo by Saul Loeb / AFP via Getty Images.)Good afternoon and Happy Friday. Let’s get to the news.You Get a Trillion! And You Get a Trillion!On Tuesday, Democrats on the Senate Budget Committee reached a breakthrough on a $3.5 trillion proposal to address President Joe Biden’s agenda on health care, education, climate, and poverty programs. Biden ventured to Capitol Hill…

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What the “Creator Economy” Promises—and What It Actually Does

The influencer is a fading stock character of the Internet’s commedia dell’arte. Often a conventionally attractive white woman, she shows off her aspirational life style via social-media channels. She accrues a large following, and then makes a living by getting companies to sponsor the content of her glamorous life. The cliché of the influencer emerged, during the twenty-tens, from multimedia-rich…

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Building Solar Farms May Not Build the Middle Class

‘Like a Moving Assembly Line’On an afternoon in mid-May, several laborers coming off their shift at Assembly Solar said they were grateful for the work, which they said paid $16 an hour and provided health insurance and 401(k) contributions. Two said they had moved to the area from Memphis and two from Mississippi, where they had made $9 to $15…

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Cuba protests: The economic woes driving discontent | Business and Economy News

Cubans have taken to the streets in cities across the country over the last week, in a wave of rare public protests to express their frustration with rising prices, falling wages, the United States embargo and the failings of the island’s long-standing communist government to address its economic challenges. Cuba’s coronavirus pandemic-ravaged economy shrank by 11 percent in 2020, the…

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