Banks Resilient, Record 6.8% Profit Growth In H1, 2021     Nigerian banks recorded 6.8 per cent growth in profit in the first half of 2021 as the sector strived to remain resilient during the COVID-19 pandemic, according to a new report. Afrinvest West Africa said this in...

Two Recessions In Four Years Stalled Our Growth - Buhari   President Muhammadu Buhari has blamed the two recessions witnessed by the country in both 2016 and 2020 for the slow pace of growth in the economy. The President said this while giving an overview of the...

W/Bank Says Nigeria’s Economy Will Grow By 2.4% In 2021   The World Bank has said Nigeria’s economy is projected to grow by 2.4 per cent in 2021. This is an increase in the bank’s earlier growth projection of 1.8 per cent made in January this year. The...

Insurance Sector Rebounds, Records 16.41% Growth In Q2, 2021             The insurance sector returned to growth path after recording 16.41 per cent growth in the second quarter of the 2021. This is according to statistics obtained on Sunday from the National Bureau of Statistics on second quarter...

Private Sector Recorded Growth In April – Report       The Purchasing Managers’ Index report conducted by Stanbic IBTC Bank for the month of April showed that the private sector recorded growth. According to the report, which was released on Thursday, April figure showed a PMI of 52.9. It...

Rising Debt Servicing Cost Can Impede Growth – CBN       The Central Bank of Nigeria has expressed concern over the rising cost of debt service being incurred by the Federal Government. The CBN, in its half-year 2020 economic report, said the trajectory of Federal Government’s debt further...