2021 Economy Outlook And CBN’s Solutions         The year 2021 is literally here. Suddenly it has become the year for a magic which was initially expected for 2020, but which disappointed due, obviously, to the public health crises of COVID-19 that practically pressured all economies, including...

Forex Interventions Give False Hope On Naira - IMF         Regular foreign exchange (forex) interventions in Nigeria and other emerging economies create false sense of security and hope on the local currency, the International Monetary Fund (IMF), has warned. Nigeria, which operates a flexible exchange rate regime,...

Stock Market Battles Policy Reversal In Treasury Bills         The price correction that resulted from profit taking activities as well as the reversal in Treasury Bills (TBs) yields last week may not necessarily impede the recovery prospect in the stock market, equity dealers have said. They insisted...

COVID-19: Airlines Face New Threat As Second Wave Spreads       With the rising cases of COVID-19 in Nigeria and other countries, Nigerian airlines are likely to be hard hit again by the impact of the looming second wave on air travel. Aviation experts have expressed worry that...

Banks’ Income From Forex Trading Rose By 114% To N145bn         Notwithstanding the sharp depreciation of the Naira and the acute dollar shortage in the economy, income from foreign exchange trading by Nigeria’s top banks rose sharply by 110 percent, year-on-year, to N145 billion in the...

Poor Nigerians Will Reach 100 Million By 2022 – W/Bank       The World Bank on Thursday projected that the number of poor Nigerians will increase from the current 90 million to about 100 million by 2022 due to the impact of the COVID-19 pandemic on the...