CBN May Increase Interest Rate This Year - Report
A new report has said likely stronger dollar demand will convince the Central Bank of Nigeria of the need to tighten monetary conditions as with the trend across global central banks to manage foreign exchange reserve...
Nigeria’s Economic Growth Still Fragile, Despite 4.03% GDP – CBN
A member of the Monetary Policy Committee of the Central Bank of Nigeria, Adamu Lametek, has said the Federal Government should continue to focus on the country economic growth as it remains fragile.
Lametek, who is...
CBN Forex Policies May Threaten Economic Growth In 2022
The Centre for the Promotion of Private Enterprise, an economic think tank, has said the “monetary and foreign exchange policy rigidities” of the Federal Government may disrupt the economic growth of the nation in 2022.
The Central...
IMF Increases Nigeria’s 2021 Growth Prospect To 2.6%
The International Monetary Fund has increased Nigeria’s growth prospect to 2.6 per cent and 2.7 per cent for 2021 and 2022, respectively, despite reducing the rate of global growth prospect due to the COVID-19 Delta variant.
According to...
Economic Growth May Regress If We Don’t Borrow — Ahmed
The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said the 5.01 percent Gross Domestic Product (GDP) growth recorded in the second quarter of 2021 will regress if the federal government does not...
IMF Retains 2.5% Economic Growth Estimate For Nigeria
The International Monetary Fund (IMF) has retained Nigeria’s 2.5 percent economic growth forecast for 2021.
The institution said this in its World Economic Outlook (WEO) for July titled “Fault Lines Widen in the Global Recovery” released on Tuesday...
