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,...
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...
