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...

Economy Contracted In May - CBN Report   Economic activities in manufacturing, production, new others and other indices contracted in May after recording at least 36 months of consecutive growth. The statistics department of the Central Bank of Nigeria disclosed this in its Purchasing Managers Index survey...

‘COVID-19 Dropped Lagos Economy By N2.3trn’   Lagos State Commissioner for Economic Planning and Budget, Sam Egube in company of his counterpart in Information and Strategy, Gbenga Omotoso, at a briefing, spoke on the government’s response to the impact of the coronavirus pandemic and the adjustments...