Main Menu

Tag: economic recovery

Emefiele Forecloses Monetary Policy Tightening To Boost Recovery, Stimulate Growth

Ex-Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele
Says Nigeria not exposed to effects of US policy normalisation, others Banking industry NPLs drop 4.85%, lowest in 10 years Warns against patronage of loan sharks The Governor of theRead More

Cape Verde Establishes Mission In Nigeria, ECOWAS

Economic Community of West Africa States (ECOWAS)
Cape Verde, a member state of the Economic Community of West African States (ECOWAS) with a population of about 555,988, has established a diplomatic mission in Nigeria to strengthen diplomaticRead More

Obiano Presents N141.9bn Appropriation Bill For 2022

Anambra State Ex-Governor, Willie Obiano
Anambra State Governor, Chief Willie Obiano, yesterday presented a budget estimate of N141.9 billion for the 2022 fiscal year to the state House of Assembly. The budget, which is theRead More

TI: $5bn Stolen From Nigeria Frozen In Foreign Countries

Transparency International
Transparency International (TI) has disclosed that an estimated $5 billion stolen from Nigeria is frozen in accounts in foreign countries. This was disclosed in Abuja during a media workshop organisedRead More

FG Earmarks $1bn Syndicated-term Loan To Boost MSMEs

Minister of Industry, Trade and Investment, Chief Niyi Adebayo
The Minister of Industry, Trade and Investment, Mr. Niyi Adebayo, yesterday said the Bank of Industry (BoI) has finalised plans to deploy a $1billion syndicated-term loan to support the MicroRead More

Report: Rising Oil Price May Derail FG’s Economic Reforms

Financial Derivatives Company Limited (FDC)
The Financial Derivatives Company (FDC) has warned that the rising crude oil price, which could rise above $100 per barrel, may sway the Federal Government to jettison its economic reformRead More

Report: Inflation Eroding Value Of Minimum Wage

Inflation
The rise of inflation is eroding the value of minimum wage in Nigeria, a report by the Financial Derivatives Company (FDC) has stated. The report also projected that the continuousRead More

Analysts Give Tips On Economic Recovery As Nigeria Exits Recession

National Bureau of Statistics
GDP grows by 0.11% in Q4 Analysts yesterday called on the Federal Government to implement the 2021 budget to boost infrastructural development, ensure policy consistency and proper management of theRead More

Analysts Foresee Faster Economic Recovery As Oil Price Hits $60

International Monetary Fund (IMF)
IMF urges FG to embark on aggressive revenue mobilisation Advises FG to raise VAT to 10% by 2022 Analysts yesterday forecasted a faster economic recovery for Nigeria as crude oilRead More

Analysts List Path To Economic Recovery, Growth In 2021

Economic recession
Seek privatisation, commercialisation, sales of moribund assets Financial and economic experts have advised the federal government to look inward in its resource mobilisation activities in the new year. They alsoRead More