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The Nigeria Economic Summit Group (NESG) has advised the Federal Government to always consider its economic policy choices, before taking decision, in order to FastTrack economic growth, its recently launched 2021 Economic Outlook has said.
Exxon Mobil and Chevron suffered losses in the latest quarter as the weakened economic outlook due to the coronavirus pandemic pressures the industry to double down on cost cuts.
The coronavirus pandemic could set back incomes in sub-Saharan Africa by a decade as weak oil prices, a tourism standstill and business lockdowns shrink the region’s economy 3.2 percent in 2020, an IMF official said Monday.
Kenya’s central bank cut its benchmark lending rate again on Wednesday, to 7.0% from 7.25%, saying measures to tackle the impact of the coronavirus were having an effect but it needed to do more due to the adverse economic outlook.
South Africa’s rand weakened for a third session in a row early on Friday as the growing likelihood of a global recession due to the spreading coronavirus compounded an already gloomy local economic outlook.
The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, said on Monday that Nigeria’s economic outlook remained positives despite the current global uncertainties.
The International Monetary Fund (IMF) has said the sustained closure of the Nigerian land borders is hurting economies of Benin Republic and Niger Republic.
Vice-President Yemi Osinbajo has said young African entrepreneurs will change the perception about Africa and the continent’s economic outlook.
Alhaji Aminu Gwadabe, President, Association of Bureau De Change Operators of Nigeria (ABCON), on Monday in Lagos described prediction that the naira would fall to N415 to the dollar by the end of the year as speculative and act of sabotage.
Institute of Chartered Accountants of Nigeria (ICAN) have said that the delayed passage of the 2019 budget and slow investment choices that may arise as a result of expectations from the general elections may stall Nigeria’s growth prospects in 2019.
The Minister of Budget and National Planning, Senator Udoma Udo Udoma is optimistic that the Nigerian economy will continue to maintain its recovery in 2019 as the real GDP growth is expected to increase from 0.8% in 2017 to 2.1% in 2018 and 3.01% in 2019, with the sustained implementation of the ERGP.
The International Monetary Fund (IMF), says Nigeria is expected to grow by 1.9 per cent in 2018, up from 0.8 per cent in 2017, mostly owing to fewer disruptions in oil production.
The Africa Investment Forum dubbed game changing event aimed at attracting multi-billion-dollar deals across the continent, kicked off on Monday in South Africa.
The International Monetary Fund (IMF) says Nigeria’s economic outlook for 2018 remains challenging as private sector lending remains low and foreign exchange inflows are mostly short-term.
Minister of Budget and National Planning says Nigeria’s economic outlook for 2018 and over the medium term is very positive.
The Lagos Chamber of Commerce and Industry (LCCI) has predicted a Gross Domestic Product (GDP) growth rate of between three and four per cent for 2018.
Ahead of the March 6 Delta State local government council polls, Deputy Senate President, Senator Ovie Omo-Agege, weekend, reiterated that the elections could only be rigged if electorates go to sleep, insisting that “every vote must count”.
Israel’s top court ruled Tuesday the government must curb its use of the domestic spy agency to track coronavirus infections, saying “draconian” surveillance constituted a blow to democracy.
Okomu Oil Palm Company Plc. wants a review of CBN’s Anchor Borrowers Programme (ABP) to accommodate more farmers and to shore up the nation’s foreign earnings from agriculture.
The minister of state for health, Olorunnimbe Mamora, says Nigerians who have received COVID-19 vaccines abroad will still be required to take polymerase chain reaction (PCR) tests upon arrival in the country.
The Fulani Community Association in Kwara has advised its members to avoid negative tendencies capable of undermining the peaceful coexistence of the state.
The Peoples Democratic Party, PDP, Abia State chapter, has said that it won’t be moved by the threat of the opposition in the state to take over power in 2023, saying that the opposition is not on ground in the state but only making noise.
The ongoing strike by the Senior Staff Association of Nigerian Universities, SSANU, and the Non-Academic Staff Union of Educational and Associated Institutions, NASU, may only be called off if the government agrees to pay members of the two unions N20 billion as Earned Allowance.
President Muhammadu Buhari yesterday cautioned against ethnic profiling in the battle against insecurity in the country, vowing to deal with insurgents, bandits, kidnappers and other criminals threatening national security.
The Northern Elders Forum (NEF) has condemned the abduction of 317 school children in Zamfara state, regretting that in spite of assurances from the federal government that it will end banditry and kidnappings, the lives of Nigerians are becoming more endangered everyday.
U.S. air strikes against Iran-backed militias in eastern Syria killed at least one fighter and wounded several others in what U.S. officials said was a calibrated response to rocket attacks against American personnel in Iraq.