Credit To Economy Rises By 6.3% To N38trn     Credit to the economy rose by 6.3 percent to N38 trillion in the first half of the year (H1’2020) driven by 9.85 percent upsurge in credit to the federal government. This reflects the impact of the various intervention...

The New Normal in Business and Economy By Abraham John Onoja     As the COVID19 pandemic continues to ravage the world, leaving citizens of the world a new world order, businesses need to navigate their financial and operational obligations. They are also expected to meet the needs...

Credit To Economy Rises By 21.5% To N18.9trn     The Central Bank of Nigeria (CBN), yesterday, disclosed that total gross credit to the economy grew by N3.3 trillion or 21.5 per cent to N18.9 trillion at the end of June 2020, from N15.56 trillion recorded previous...

Lockdown, Physical Distancing Almost Shut Down Economy – FG     The lockdown and physical distancing measures that were implemented to curb the spread of COVID-19 in Nigeria almost led to a complete shutdown of economic activities across the country, the Federal Government said on Sunday. In her...

Rising COVID-19 Cases, Weak Economy Take Toll On Stock Market     The increasing number of coronavirus, (COVID-19) cases and the consequent weakening of the nation’s economy have taken the Year-to-Date, YtD, loss to investors in the Nigerian Stock Exchange to -9.5%. Return on investment represented by the...

Nigerians Believe Rising Inflation’ll Weaken Economy – CBN     Many Nigerians believe that rising inflation will lead to a weaker economy, according to a survey by the Central Bank of Nigeria. The Statistics Department of the CBN disclosed this in its ‘Q2 2020 Inflation Attitudes Survey Report’,...