Dear Subscriber,

The corporate world will never be the same again

In a post-pandemic world, virtually all sectors will have to reinvent themselves. The corporate world is not excluded. Physical meetings will be deemphasized and virtual meetings will be the norm. Flexible working hours and efficiency will be the new order as companies are being forced to adopt new business models as a part of a survival tool kit. It is also possible that employee productivity would increase as stress levels go down a notch in the future.

The lifestyle section of the digest tells you what you need to know about these changes and how it will affect you.

Nigeria’s GDP slowed to 1.87% in Q1’2020

Q1 real GDP fell by 68bps to 1.87% from 2.55% in Q4’19. This is the slowest quarterly growth since Q3’18. Out of the 46 activities, 37 underperformed while 9 outperformed GDP growth. The decline in growth was highly expected and it revealed the adverse impact of the health crisis. Even though, the oil markets have traded positive – Brent price is currently 40% above the new $25pb budget benchmark- Nigeria’s economy could contract by -8% in 2020.

This edition of the Unity Bank Digest contains key economic developments that have been perfectly packaged to give you the ideal dose of information and entertainment.

Enjoy your read!