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...
Banks Credit To Economy Hits N43.67trn
Banks’ credit to the economy rose by N75bn to N43.67tn as of the end of February from N42.92tn in January.
The Central Bank Governor, Godwin Emefiele, disclosed this on Tuesday in Abuja.
He said, “Provisional data showed that banking system credit...
