The Federal government has said that the COVID-19 pandemic resulting in crash of global oil prices among other economic factors had adversely affected the nation’s economy, with the Gross Domestic Product growth for Q2 most likely to be negative and as a result the county might go through another recession this year. The Minister of … Read more
Nigeria’s economy is heading on a steep downward slide into recession says Minister of Finance. Minister of Finance Zainab Ahmed told Senators that the deficit financing of the revised N10 .59 trillion 2020 budget had risen from N1.847 trillion to N4.563trillion . This indicators emerged during a defence session held by the Senate Committee on … Read more
The Monetary Policy Committee (MPC) has left the benchmark Monetary Policy Rate (MPR) and other monetary policy tools unchanged to spur economic growth in the fourth quarter of the year. According to reports, the Governor of the Central Bank of Nigeria, Mr Godwin Emefiele who disclosed this decision on Tuesday during a press conference at … Read more