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Nigeria s foreign reserves deplete as diaspora shun investment back home over CBN s unconventional monetary policy

As Nigerian diaspora shun real estate investments for fin-tech businesses By Tobi Adetunji. Foreign currency reserves in Africa’s largest economy slumped $2.1 billion in foreign reserves within the first half of 2021, falling to its lowest level in almost four years. This is according to data obtained from the daily external reserve movement tracker, released by the Central Bank of Nigeria (CBN). Nigeria’s foreign reserve level declined from $35.37 billion recorded as of 31st December 2021, to $33.32 billion as of 30th June 2021. This represents a 5.8% decline in just six months. One of viable source of income to the Nigeria economy is no doubt Foreign direct investment. This could take different dimensions; ranging from sending foreign currency from abroad to dependants, in some case, it may be procuring materials and sending to defendant, which will be ultimately converted to money in the long run.

China s GDP: Five things worth paying attention to - JusticeNewsFlash com

China’s economic growth in the first quarter mainly reflects how hard the world’s second-largest economy was hit by the Covid-19 pandemic early last year, rather than the strength of its recovery. Although the GDP An increase of over 18% Compared with the year-on-year growth from January to March, the growth rate in the last quarter of 2020 is only 0.6%. When the National Bureau of Statistics released its estimate of growth in the second quarter on Thursday, it is expected that China will release a year-on-year overall figure of about 8%. However, the focus will be on signs of an economic downturn and whether these signs are sufficient for the government to adjust policies.

The Central People s Government of the[ ] (via Public) / China sees increase in summer grain output

The Central People s Government of the[ ] (via Public) / China sees increase in summer grain output
publicnow.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from publicnow.com Daily Mail and Mail on Sunday newspapers.

China sees increase in summer grain output - China News

2021-07-14 05:05:52 GMT2021-07-14 13:05:52(Beijing Time) Xinhua English BEIJING, July 14 (Xinhua) China reaped a bumper summer harvest in 2021, with a 2.1-percent increase in total output, the National Bureau of Statistics (NBS) said Wednesday. Summer grain production totaled 145.8 million tonnes, an increase of 2.97 million tonnes from last year, the NBS said. The output of wheat harvested this summer totaled 134.3 million tonnes, up 2 percent from that in 2020. The planting area of summer grain reversed from a declining trend to witness growth, while per unit yield also increased, according to the NBS. Enditem SINA English is the English-language destination for news and information about China. Find general information on life, culture and travel in China through our news and special reports or find business partners through our online Business Directory. For investment opportunities with SINA, please click the link Investor below.

China sees increase in summer grain output

China sees increase in summer grain output
chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.

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