Banks’ Loan Defaulters Almost Wrecked Nigerian Economy – AMCON         The Asset Management Corporation of Nigeria has said that loan defaulters of Deposit Money Banks who are on its books almost crashed the Nigerian economy if not for its intervention. AMCON, an agency of the Federal Government,...

Minister Asks Nigerians To Explore $3.4trn AfCFTA Economy       The Federal Government on Wednesday called on Nigerians, particularly industrialists, to take advantage of the inherent opportunities in the $3.4tn economy of African Continental Free Trade Agreement to promote made-in-Nigeria goods. Minister of Industry, Trade and Investment, Adeniyi...

New Gas Project To Add N2.8trn To Nigeria’s Economy         About N2.8 trillion-revenue is expected from a new 200 million cubic feet gas project being promoted by the Nigerian Petroleum Development Company (NPDC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC). This revenue is expected to...

Rising Inflation’ll Weaken Economy – CBN Survey       Rising inflation will weaken the country’s economy, a new survey by the Central Bank of Nigeria has revealed. The statistics department of the CBN disclosed in its inflation attitudes survey report for the fourth quarter of 2020 that respondents...

Six Lending Banks Boost Economy With N1.3trn Credit In 2020         Efforts to grow the nation’s economy has received a boost from the banking sector as six leading banks injected additional N1.337 trillion through loans and advances to their customers across all sectors of the economy...

How We’re Tackling Recession – Fed Govt         The Federal Government on Monday explained some of the measures being adopted to help get the country out of its current economic recession. Minister of Finance, Budget and National Planning, Zainab Ahmed, outlined these measures while speaking at the...