Dangote Refinery’ll Strengthen Naira, Save Economy – NASS       The National Assembly (NASS) has said the oil refinery being built by Dangote Group will strengthen the Nigerian currency and prevent economic doom when it comes on stream. The legislature said this on Tuesday during an inspection visit...

ICT: The Nigeria's Fastest Growing Sector By Inyene Ibanga     The latest data released by NBS shows that the ICT sector of the Nigerian economy grew by 14.70 per cent in the last quarter of 2020 Technology has continued to assert itself as the dominant force in the...

Update: Inflation Rate Hits 16.47% In January, 2021       The National Bureau of Statistics (NBS) on Tuesday disclosed that in January 2021, inflation rate rose to 16.47 per cent. It was 15.75 per in December, which is an indication that the rate soared by 0.72 per cent...

Banks’ Total Credit To Economy Hit N25trn In 2020         Banks’ total credit to the economy rose to N25.02tn as of the end of 2020, the Central Bank of Nigeria has said. This was disclosed during the Monetary Policy Committee meeting in Abuja on Tuesday. Delivering the committee’s...

CBN Boosts Economy With N8.8trn To Battle COVID-19         The Central Bank of Nigeria (CBN) has injected more than than N8.8 trillion into the economy since the advent of COVID-19 in March last year. Its Governor Godwin Emefiele who dropped the hint in Abuja at the end...

IMF Revises Nigeria’s 2021 GDP Forecasts To 1.5%       The International Monetary Fund (IMF) in its World Economic Outlook (WEO) update released yesterday has projected that the Nigerian economy will grow by 1.5 per cent this year, slightly lower than the 1.7 per cent it had...