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The Governor of Central Bank, Mr Godwin Emefiele, on Friday expressed optimism that Nigeria could emerge from recession by the first quarter of 2021.
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.
Lillian Akhigbe, Communications Manager, in a statement on Thursday, noted that successive governments at all tiers neglected Small and Medium-scale Enterprises (SMEs).
Nigeria has formally entered its second economic recession in five years as the severe impact of the COVID-19 pandemic on global crude oil prices and restrictions imposed to curb the virus caused the nation’s economy to contract for the second consecutive quarter by 3.62 percent in the third quarter of 2020.
Uche Uwaleke, Professor of Finance and Capital Market, has called for early passage of the 2021 Appropriation Bill and aggressive implementation of the Economic Sustainability Plan (ESP), as the country enters recession.
National Bureau of Statistics (NBS) said that the nation’s economy has formally entered into recession as the Gross Domestic Product (GDP) contracted for the second consecutive quarter by 3.62 percent in the third quarter of 2020.
The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has said that electronic transaction volumes increased by about 67 per cent during the COVID-19 lockdown with increased transactions at agent networks.
The Minister of Information and Culture, Alhaji Lai Mohammed says Creative Industry is the fastest growing sector of the Nigerian economy in terms of business opportunities, employment generation, earnings as well as entertainment.
Suspected kidnappers have killed one Sani Khalil after collecting N1.5 million in ransom in Igabi Local Government Area of Kaduna State.
Police and other security agencies have begun a joint “visibility patrol” on black spots and other flashpoints in the state ahead of Christmas and New Year.
The Chief Executive of Zinox Technologies, Dr Leo Stan Ekeh, has called for adequate funding for the National Space Research and Development Agency (NASRDA), calling it an asset that can enable the much needed socio-economic development that Nigeria seeks.
Zinedine Zidane had some of the pressure lifted on Saturday when an own goal from Sevilla goalkeeper Bono gave Real Madrid a 1-0 win away to Sevilla.
The military and police on Friday night foiled an attack by armed bandits in Kasuwan Magani community, in Kajuru Local Government Area of Kaduna State.
Napoli has denied reports from Italian media that Nigerian doctors complicated Victor Osimhen’s shoulder during the first treatment. Tuttosport claimed Napoli medic revealed that their Nigerian counterparts caused more damage to the shoulder in the process of treatment before he returned to Italy. However, Napoli and the player on Saturday afternoon took to their social media handle to debunk the reports and clear the Super Eagles team doctor of any wrongdoing. “The current situation regarding the injury of Victor Osimhen is only a consequence of the dislocated right shoulder,” Napoli said in a tweet. Osimhen dislocated his shoulder while in action for Super Eagles of Nigeria last month at the Samuel Ogbemudia Stadium in Benin City. The striker went down in the second under a challenge from a Sierra Leone defender and was subsequently rushed to the hospital in an ambulance. The striker had since returned to his base in Italy but has not featured for Napoli since as a result of the injury
Following the confusion trailing the appeal court in Owerri validating All Progressives Congress (APC) candidate Frank Ibezim as the authentic candidate of the party for the Imo North senatorial bye-election against Senator Ifeanyi Araraume, Peoples Democratic Party (PDP) candidate Emma Okewulonu said he is contesting against two candidates.
The National Pension Commission has said it recovered N213.07m from employers who deducted pension savings from their workers’ monthly emoluments but refused to remit such to their respective Pension Fund Administrators between July and September.
The World Food and Agriculture Organisation of the United Nations (FAO) believes that the most effective way of preventing COVID-19-like viruses is to ensure good veterinary governance.
The Chairman, House of Representatives Committee on Federal Road Maintenance Agency (FERMA), Hon Femi Bamisile, has called for financial autonomy for Local Governments.