Dear Subscriber,

My Phone & I

Empirical data shows that millennials are device addicts; they tap, swipe or click their smartphones on an average of 2,617 times per day. That is about 1 million touches per year and about 3hrs of screen time every day.

Smartphone addiction (Nomophobia) is frequently fueled by social media obsession, internet addiction disorder or addictive games. Nomophobia increases error levels and reduces concentration. By learning about the signs and symptoms of smartphone and Internet addiction and how to break free of the habit, you can better balance your life, online and off, and increase productivity.

The lifestyle section of the Unity Bank Digest discusses the causes, consequences and how to fight smartphone addiction. This is a must-read for the millennial generation.

As far as the economy goes, the good news is that Nigeria’s inflation rate slid further to 11.31% in February partly due to a slowdown in economic activities. Also, the two sub-indices (food and core inflation) declined by an average of 25bps to 13.47% and 9.8% respectively. The continued moderation in inflation is positive for policymakers though still above the CBN’s inflation target of 6 – 9%.

The attached document contains an analysis of recent economic and social developments such as the Q4’18 foreign trade report and the world’s youngest self-made billionaire.

Enjoy your read!