Economy Loses N900bn Credit, Private Sector Stagnates At N30trn       Credit to the economy fell by N900 billion or 2.27 percent in August driven by slump in credit to the government during the month. The Central Bank of Nigeria (CBN) disclosed this in its Depository Corporation...

Economy'll Recover In Q1 2021, Says Minister     The Federal Government has predicted that the economy will rebound to positive territory in the first quarter (Q1) of 2021. Minister of Finance, Zainab Ahmed made this prediction when board members of the Federal Inland Revenue Service (FIRS) paid...

Recession Will Be Short-lived — Finance Minister     The Central Bank of Nigeria, CBN, yesterday, directed licensed bureaux de change operators to sell dollars to customers at a rate not higher than N386 to the dollar. This came as the Federal Government, yesterday, said despite the N2.3...

6.1% Economy Shrink: FG Won’t Be Able To Service Rising Debts, Fund Budget – MAN, LCCI       Key players in the nation’s economy including the Manufacturers Association of Nigeria and the Lagos Chamber of Commerce and Industry on Monday said the government may not able to...

Economy To Shrink By 5.2% In 2020, Says NESG       The Nigerian Economic Summit Group (NESG) has said the economy will shrink by 5.2 percent this year. It called for effective implementation of palliative measures designed to mitigate the effects of COVID-19 on the economy. The NESG board...

Businesses Groan As COVID-19 Impact On Economy Worsens     The Coronavirus (COVID-19) pandemic raises several challenges across different sectors of the economy. No sector from banking, telecoms, manufacturing, e-Commerce among others are exonerated from the uncertainty and rising costs of operations triggered by the pandemic. Therefore,...