How Twitter suspension may affect Nigeria’s fragile economic growth
On Friday, the federal government announced the suspension of Twitter,
the microblogging and social network service, in Nigeria.
Lai Mohammed, the minister of
information, who announced the “indefinite” suspension, cited persistent use of
the platform for activities capable of undermining Nigeria’s corporate
existence.
Twitter’s suspension comes days
after a post by President Muhammadu Buhari on the 1967 civil war was deleted by
the microblogging platform.
In a series of posts on Twitter on Tuesday, the president had
condemned the attacks on government facilities in the country, and citing a
The drop in daily gasoline consumption stands in lonely company among the list of things that went right for the economy during the 16-month border closure.
The NBS says trade grew 6.99 per cent over the value recorded in the fourth quarter of 2020 and 14.13 per cent compared to the first quarter of the same year.
“High turnover businesses can use loans as a hedge against inflation. Since the national currency value drops rapidly during such economic slowdown, when repaying such loans, what is being paid is actually a fraction of the amount borrowed in real terms-” Akin Monehin A country experiences inflation when there is a continuous increase in the […]
Means of production prices decline in China
Xinhua
04 Jun 2021, 14:30 GMT+10
BEIJING, June 4 (Xinhua) Most capital goods monitored by the government reported lower prices in late May compared with mid-May, official data showed on Friday. Of the 50 major goods monitored by the government, including seamless steel tubes, gasoline, coal, fertilizer and some chemicals, 30 registered declined prices during the period, 16 posted increased prices and four saw their prices remain unchanged, according to the National Bureau of Statistics. Ferrous metal and chemical products led the downward trend, and the majority of farm produce also saw lower prices during the period. Construction steel rebar prices fell 13.6 percent, and those of seamless steel tubes and hogs respectively dropped 5.7 percent and 3.8 percent.