GDP

The House of Representatives has resolved to invite the Ministers of Justice, Foreign Affairs as well as Trade and Investment to brief the House on the implications of the agreement establishing the African Continental Free Trade Area (AFCFTA).

As part of efforts to support economic recovery and propel the quest to return to the growth path, the Central Bank of Nigeria (CBN) has approved the release of banks’ excess cash reserve requirement (CRR), which is above the regulatory minimum.

Kogi State Governor Yahaya Bello on Tuesday, presented the sum of N130,546,068,026 as the 2021 budget to the Kogi State House of Assembly.Kogi State Governor Yahaya Bello on Tuesday, presented the sum of N130,546,068,026 as the 2021 budget to the Kogi State House of Assembly.

President Muhammadu Buhari on Tuesday urged Nigerians to embrace gas as a cleaner and cheaper alternative to petrol.

Permanent Secretary, Ministry of Communications and Digital economy, Musa Istifanus, has maintained that digital technology will help enhance the socio-economic development of the country by increasing the contribution of ICT to the GDP.

The Federal Government says 2186 companies employing 12,117 individuals have benefitted from its N75 billion Survival Fund for Micro, Small and Medium Enterprises (MSMEs)

Global powers are deliberately blocking Nigeria’s moves to acquire needed armament to end terrorism and insurgency, Minister of Information and Culture, Alhaji Lai Mohammed, said in Makurdi on Monday.

Inflation in Sudan has risen to one of the highest levels in the world, and the country risks slipping into hyperinflation unless it gets its budget deficit and money supply under control, economists say.

The Central Bank of Nigeria (CBN) has instructed Bureau De Change (BDC) operators in Nigeria to sell dollars at N392 to end-users.

On the same day, Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, while speaking at the 55th Annual Bankers Dinner organised by the Chartered Institute of Bankers of Nigeria (CIBN) in Lagos, predicted a two per cent growth in the country’s Gross Domestic Product (GDP) in 2021.

The National Insurance Commission (NAICOM) has issued its first licence in 35 years to a reinsurance company.

Lillian Akhigbe, Communications Manager, in a statement on Thursday, noted that successive governments at all tiers neglected Small and Medium-scale Enterprises (SMEs).

The Federal Government has allayed fears in some quarters that the current economic recession in the country will affect the prompt payment of workers’ salaries in November and December 2020.

The Director General, National Information Technology Development Agency (NITDA), Kashifu Abdullahi, has advocated for integration of digital technology to boost Nigeria’s agricultural sector.

Civil Society Organisations, CSOs, Monday, expressed dismay over alleged poor management of economy following the recession that struck the economy at the weekend as reported by the National Bureau of Statistics, NBS.

The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, on Monday, said the country will exit the current recession by the first quarter of 2021.

As Nigeria slips into recession for the second time in five years, President Muhammadu Buhari, says it came about because of the severity of the global economic downturn caused by the COVID-19 pandemic.

Business experts have expressed confidence that the Lagos Free Zone (LFZ) has the capacity to contribute to Nigeria’s Gross Domestic Product (GDP) when fully developed.