economy
Naira devaluation risky for foreign currency loans, says report
The devaluation of the naira against global currencies will impact negatively on foreign currency loans and weaken capital base for...
Read moreNigerians must embrace production to grow economy —Emefiele
Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has said Nigeria must return to the golden era age...
Read moreIndia enters first recession in 73 years
India’s economy contracted 7.5 percent between July and September, performing the poorest among major advanced and emerging economies and entering...
Read more2021 budget: North-East Governors protest against low allocation
Governors of the North East on Thursday decried the allocation of N43.32 billion to the North-East Development Commission in the...
Read moreNNPC targets 3million BPD oil production
The Nigerian National Petroleum Corporation, NNPC, said it targets to achieve 3 million barrels per day, BPD, oil production in...
Read moreRecession: Nigeria’s economy doing well compared to others –Lai Mohammed
Minister of Information and Culture, Lai Mohammed, says the Nigerian economy is doing well compared to the economies of South...
Read moreViolence: Senate urges FG to compensate affected states with 1% VAT
The Senate on Tuesday urged the Federal Government to compensate the states affected by the massive destruction that took place...
Read moreNigeria will exit recession soon, says finance minister
The current recession, which the Nigerian economy recently slid into, will be short-lived, the Minister of Finance, Budget and National...
Read moreABCON kicks against speculators depreciating naira forcefully
The Association of Bureaux De Change Operators of Nigeria has warned foreign exchange speculators pushing the naira to forceful depreciation...
Read moreNigeria officially enters recession as GDP contracts by 3.62% in Q3’ 2020
National Bureau of Statistics (NBS) said that the nation’s economy has formally entered into recession as the Gross Domestic Product...
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