Business Operators Lack Trust In Economy, CBN Report Reveals   Business operators in different sectors showed a lack of trust in the economy in June, a new report by the Central Bank of Nigeria showed on Thursday. The CBN’s Statistics Department’ disclosed this in its ‘June 2020...

IMF Further Reduces Nigeria’s Growth Rate By 5.4%     The International Monetary Fund has downgraded Nigeria’s 2020 growth projection, saying the economy will shrink by 5.4 per cent. The IMF had in April 2020 projected that the country’s economy would contract by 3.4 per cent this year. The...

Credit To Economy Rises To N39trn In Five Months   Credit to the economy rose by 10.1 percent or N3.5 trillion in five months to N39.1 trillion in April 2020 from N35.5 trillion in November last year. The Central Bank of Nigeria, CBN, disclosing this in its just...

Fed Govt Designates Seven Minerals To Boost Economy   The Minister of Mines and Steel Development, Mr Olamilekan Adegbite, says the Federal Government has designated seven of the country’s strategic minerals to unlock the potential in the mining sector. The News Agency of Nigeria reports the minister...

Maritime Contributing N7trn Yearly To Economy – Shipper’s Council     The maritime transportation industry is contributing about N7tn to the national economy annually, the Nigerian Shippers’ Council has said. According to the council, the sector, however, must be supported by the Central Bank of Nigeria to enable...

How Telcos Can Rebuild Nigerian Economy Amid COVID-19     A global tech market advisory firm, ABI Research, has said telecommunication companies (telcos) have a critical role to play in managing Nigeria’s transition from COVID-19-related stagnation, as well as provide a resilient national infrastructure to stimulate growth...