Emefiele, said this on Friday, while speaking at a CBN/Bankers’ Committee’s initiative for economic growth, which is a one-day special summit on the economy by bank chief executive officers.
Nigeria is moving in the right direction economically but its movement is not fast, the United Nations has said.
With a population of over 40 million people, the South West Gross Domestic Product (GDP) is estimated to be worth over $80 billion.
The Manufacturing Association of Nigeria (MAN) has tasked the government to boost the manufacturing sector to compete favourably in Africa, especially with the take-off of the African Continent Free Trade Agreement (AFCFTA).
It pointed out that rising oil exports would be the main growth driver for the country in 2021, while consumer spending and business investment were likely to be subdued because of persistently high inflation and the slow rollout of a Covid-19 vaccine.
The Nigerian Communications Commission (NCC) has highlighted the role played by the telecommunications sector in lifting the country out of recession in the recently released fourth quarter Gross Domestic Product (GDP) figures for the fourth quarter of 2020.
The International Monetary Fund said on Tuesday it had agreed a blueprint for the completion of reviews of Ethiopia’s loan programme, taking account of the impact of the coronavirus and the country’s “domestic security situation”.
Nigeria’s prompt exit from recession is a key indicator of the success of the ongoing Economic Sustainability Plan (ESP) approved by the Federal Government, the Presidency has said in a statement on Sunday in Abuja.
The Minister of Information and Culture, Alhaji Lai Mohammed, says Nigeria did not exit the latest recession by accident, but with “hard work, foresight and deliberate planning by the government.”
The government had before now reconstituted a 22-member Council to address the myriad of challenges confronting MSMEs in Ekiti , with intention to upscale industrial growth and development .
The Executive Director/CEO of the Nigerian Export Promotion Council, NEPC, Mr Segun Awolowo, yesterday assured that given the steps being taken to improve the non-oil exports, Nigeria will exit its dependence on crude oil revenue in the next 10 years.
Economic expert, Prof Uche Uwaleke has listed four major lessons to be learnt from National Bureau of Statistics (NBS) report which stated that Nigeria has exited the current economic recession.
The National Bureau of Statistics (NBS) says Nigeria’s GDP grew by 0.11 per cent in Quarter Four (Q4) 2020, from the 6.11 per cent contraction in Q3, signalling a gradual recovery from recession.
The Nigerian Investment Promotion Commission (NIPC) said it tracked $16.74 billion investment announcements in Nigeria for the year 2020, representing 44 percent less than the $29.91 billion tracked in 2019.
Economic experts have proffered various means of funding N5.23 trillion 2021 budget deficit other than the ways and means that the International Monetary Fund, IMF, has cautioned the Central Bank of Nigeria, CBN, from adopting.
Analysts yesterday forecasted a faster economic recovery for Nigeria as crude oil prices, at $60 per barrel, hit a new high since February 2020.
The International Monetary Fund (IMF) on Monday said the Nigerian economy is at a critical juncture, having been weakened by falling per capita income, double-digit inflation, limited buffers, significant governance vulnerabilities, and the global pandemic.
The International Monetary Fund (IMF) says that Nigeria’s outlook remains challenging and charged the federal government to urgently undertake policy adjustments.
Over 150 million people were pushed into extreme poverty in the year 2020 as a result of the negative effects of the COVID-19 on global economy, making them to join hundreds of millions of people living below poverty line, a report by the World Bank has revealed.
The Central Bank of Nigeria, CBN, has concluded plans to strengthen the Naira, and by extension the nation’s economy through the $15 billion Dangote Refinery.
Manchester City striker Sergio Aguero needs time to rediscover his best form after a lengthy spell out and the Argentine will have to fight for his spot in the squad, manager Pep Guardiola said.
More than 20 million people across the United Kingdom have now received their first COVID-19 vaccine shot, data showed on Sunday as the country made more progress with Europe’s fastest vaccination programme
The Enugu Electricity Distribution Company has decried poor payment culture by its post-paid customers in the South-East despite the steady electricity supply improvement.
United boss Ole Gunnar Solskjaer was in no doubt his side should have been awarded a penalty, and claimed Attwell’s alleged comment to Maguire after the incident would not show the referee in a good light.
Bauchi State Governor Bala Mohammed Abdulkadir has revoked a N75 millin, contract awarded for the renovation of Zaki District Head’s Palace which was burnt down to ashes during the previous administrations.
The Commander, U.S. Africa Command, U General Stephen Townsend, wrapped up a three-day West African visit February 22-25, 2021, with a stopover in Nigeria to meet with the nation’s leaders and further the long-standing partnership and security cooperation between the two countries.
The Nigeria Centre for Disease Control (NCDC) has recorded 655 new cases of COVID-19 on Wednesday, bringing the total number of infections in the country to 153,842.
The senator representing Cross River North senatorial district, Senator Stephen Adi Odey has said that the supreme court ‘preliminary objections’ ruling does not affect his position as the senator representing the senatorial district.
Leaders of the People’s Democratic Party (PDP) in the South-West Zone held a zonal caucus meeting in Ibadan on Tuesday, where they stressed the need for a united front ahead of the zonal congresses of the party slated for March 6.