NGX Stimulating Economic Growth, Helping Businesses - Buhari       Following the successful demutualisation of the Nigerian Stock Exchange, President Muhammadu Buhari, has said the Exchange is stimulating economic growth in the country and helping businesses and individuals to save and raise capital. The demutualisation of the NSE...

IMF Raises Nigeria’s Growth Forecast To 2.5%       The International Monetary Fund has raised Nigeria’s growth forecast for 2021 to 2.5 per cent from 1.5 per cent earlier announced in January. It disclosed this in its World Economic Outlook for April with the theme ‘Managing divergent recoveries’,...

Sub-Saharan Africa Growth To Hit 3.4% In 2021 — W/Bank       Economic growth in Sub-Saharan Africa (SSA) is expected to rise between 2.3 percent and 3.4 percent in 2021 after contracting by 2 percent last year. Stating this yesterday, the World Bank also said that prospects for...

BOI Seeks Financial Bodies’ Support On Economic Growth       The Managing Director, Bank of Industry, Mr Olukayode Pitan, has called for support of other development financial bodies under the Association of Nigerian Development Finance Institutions to boost the pace of growth in the country. Pitan who is...

Low Revenues, Poor Investments, Others Threaten Nigeria’s 2021 Growth – W'Bank       The World Bank has said that Nigeria’s growth is expected to resume by 1.1 per cent in 2021 from a contraction of 4.1 per cent in 2020. It also said the global economy would expand...

Debt Servicing Hindering Nigeria’s Economic Growth Efforts – NECA       The Nigeria Employers’ Consultative Association has warned that the growth in Nigeria’s external debt was jeopardising the economic growth efforts of the Federal Government. The association raised this concern in a statement on Tuesday titled ‘Salvaging the...