Mixed reactions have trailed policy measures announced by the Central Bank of Nigeria (CBN) to tackle the effect of COVID-19 on the nation’s economy.
The Nigeria Extractive Industries Transparency Initiatives (NEITI) said on Sunday the country earned N69.47 billion from the Solid Mineral sector in 2018.
Some economic experts, on Thursday, expressed the need for the Federal Government to immediately and purposefully develop the non-oil sector to mitigate the effect of slump in oil price in the international market.
Hand sanitizers and other anti-viral protective and hygiene products may soon be included in the list of items the Central Bank of Nigeria (CBN) has banned from accessing foreign exchange for their importation.
President Muhammadu Buhari on Monday constituted a committee to assess the impact of the Corona virus outbreak on Nigeria’s economy with a view to cut down the size of the 2020 budget and reduce the 75 dollars oil benchmark.
Former President Goodluck Jonathan and Delta State Governor, Dr. Ifeanyi Okowa, have expressed confidence that the former Minister of Finance, Dr. Ngozi Okonjo-Iweala, would deliver on her appointment as a member of South Africa’s Presidential Economic Advisory Council.
The Enugu Chamber of Commerce, Industry, Mines and Agriculture (ECCIMA) has appealed to the Federal Government to support the completion of the Enugu International Trade Fair complex to boost Nigeria economy.
Ratings agency Moody’s on Friday cut its 2020 growth forecast for South Africa to 0.4% from 0.7%, one of several countries it saw as having lower growth prospects in a new report because of the coronavirus outbreak.
Nigeria’s re-emergence as Africa’s biggest economy followed South Africa’s slump into its second recession in two years, as severe rolling power blackouts frustrate President Cyril Ramaphosa’s attempt to revive growth.
Nigeria’s economic growth beat forecasts in the fourth quarter, helping its economy to expand the most in four years in 2019 as oil output increased and the central bank took steps to boost credit growth. GDP in the West African country stood at $476 billion or $402 billion, depending on the rate used. =
South Africa slipped into recession in the final three months of 2019, the country’s statistics bureau said on Tuesday, the second contraction to hit the economy in as many years.
Eurozone consumer prices grew more slowly in February than in January, as expected, data from the European Union’s statistics office showed on Tuesday, as the spread of the coronavirus around the world depressed oil prices.
The Lagos Chamber of Commerce and Industry (LCCI) rated the latest 2.27 per cent Gross Domestic Product (GDP) growth recorded in the nation’s economy as sluggish and incapable of creating jobs and lifting millions of Nigerians out of the poverty trap.
The Federal government has been urged to review Nigeria’s trade policy to achieve the objectives of the African Continental Free Trade Agreement (AfCFTA) pact.
Concerns about the coronavirus outbreak’s threat to the world economy grew Saturday, even after United States, President Donald Trump, denounced criticism of his response to the threat as a “hoax” cooked up by his political enemies.
Public Accounts Committee, PAC, of the House of Representatives on Thursday queried the Executive Chairman of the Federal Inland Revenue Commission, FIRS, Alhaji Mohammed Nami, over late and non submission of the audited accounts.
Some Aba residents on Tuesday flouted the stay-at-home executive order of the Abia government, which is meant to check the possible spread of Coronavirus into the state.
Barcelona are holding internal talks about possibly swapping players with Manchester United and Juventus this summer, it has been claimed.
The World Health Organisation (WHO) Office in Nigeria, Abuja on Tuesday appreciated the contribution of front-line health workers fighting the novel Coronavirus (COVID-19) around the world.
Sen. Nicholas Tofowomo, representing Ondo South Senatorial District at the National Assembly, has thanked Gov. Oluwarotimi Akeredolu over the payment of two months entitlements of all political appointees under former Gov. Olusegun Mimiko.
In a dark ground-floor room in Lagos, dressmaker Kemi Adepoju gazes at a pile of dresses she has made but which cannot be collected due to the lockdown in force to slow the spread of the new coronavirus.
The Presidency has urged Nobel Laureate, Professor Wole Soyinka, to stick to his field of expertise – English and Literature – instead of dabbling into the coronavirus disease and the legality of President Muhammadu Buhari’s 14-day lockdown order under the Quarantine Act.
The Nigeria Centre for Disease Control (NCDC) has confirmed deaths of two COVID-19 patients in Lagos and Edo.
Many churches in Awka, Anambra capital witnessed a low turnout of worshippers on Sunday for the Palm Sunday service as they comply with social distancing orders by the government.
Scribe of the Nigeria Olympic Committee Olabanji Oladapo has stated that the NOC will not slow down its Olympic preparation and has stated that no matter how you prepare, the Olympics comes with its own tension and anxiety the closer you get to it.
The Police in Sokoto on Thursday confirmed the death of 22 villagers in the state following sporadic shooting by suspected bandits in Gangara community.