Economy May Contract In Q2, NECA Warns     The Nigeria Employers Consultative Association has called on the fiscal and monetary authorities to develop a more aggressive and decisive policies to sustain economic recovery in the wake of further decrease in oil price. The Director-General of NECA, Dr...

Nigeria’s $37bn Foreign Reserves Adequate To Support Economy – Emefiele   The Governor of the Central Bank of Nigeria (CBN) Mr. Godwin Emefiele, has assured that Nigeria’s $37bn current foreign reserves is “robust to support the economy.” Emefiele, was quoted in a statement issued by the apex...

Oil Crash: Is Nigeria's Economy in 'Soup'? By Rahma Oladosu   Can we agree less with Wall Street Journal (WSJ)? The American-owned and world-famous media organisation, in a recent report said, as economic pain ripples to the developing world, Nigeria’s dependence on oil puts its economy under...

Tinubu To CBN: Cut Interest Rates To Boost Economy   The National Leader of the All Progressives Congress, Asiwaju Bola Tinubu, has said the Central Bank of Nigeria should seize the opportunity of the coronavirus crisis to lower interest rates in a bid to boost the...

Nigeria’s Economy Will Decline By 3.4% - IMF     The International Monetary Fund on Tuesday said the recession caused by the COVID-19 pandemic would be the worst economic downturn witnessed since the Great Depression. According to the IMF, Nigeria’s economy will contract by 3.4 per cent in...

Nigeria’s Economy Already Fragile Before COVID-19 Pandemic – Minister   The Minister of Finance, Budget and National Planning, Zainab Ahmed has said that prior to the outbreak of the coronavirus pandemic, the Nigerian economy was already fragile. She said this in a statement issued by her Special...