Economy Improved Slightly In August - CBN     Economic activities improved slightly in August, compared to July, according to the Central Bank of Nigeria. The CBN said in a report on its last Monetary Policy Committee meeting that the manufacturing and non-manufacturing Purchasing Manager’s Indices showed improvement...

Two Recessions In Four Years Stalled Our Growth - Buhari   President Muhammadu Buhari has blamed the two recessions witnessed by the country in both 2016 and 2020 for the slow pace of growth in the economy. The President said this while giving an overview of the...

W/Bank Says Nigeria’s Economy Will Grow By 2.4% In 2021   The World Bank has said Nigeria’s economy is projected to grow by 2.4 per cent in 2021. This is an increase in the bank’s earlier growth projection of 1.8 per cent made in January this year. The...

Naira Depreciation Threatens Economy’s Outlook - LCCI           The continuing depreciation of the naira is affecting business activities and threatening Nigeria’s corporate outlook with wide implications for the economy, the Lagos Chamber of Commerce and Industry (LCCI), Dr. Chinyere Aloma has said. In an interview, Almona lamented...

Banks’ Credit To Economy Now N24.23trn       The total credit from the banking sector to the economy rose to N24.23tn as of the end of May, the Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, disclosed on Tuesday. Speaking at the end of the two-day...

Economy Shrank In May Amid Low Purchasing Power – CBN     The Purchasing Managers Index revealed that the Nigerian economy contracted in May, according to data obtained from the Central Bank of Nigeria on Thursday. The personal statements of some members of the Monetary Policy Committee indicated...