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Central bank chief projects exit from recession Q1 2021

The Governor of Central Bank, Mr Godwin Emefiele, on Friday expressed optimism that Nigeria could emerge from recession by the first quarter of 2021.

Nigerian government seeks new Eurobond

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.

NGO: Nigeria in recession due to over-reliance on oil

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

MAN, LCCI others blame recession on coronavirus, #EndSARS crisis

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.
NECA’s Director-General, Mr Timothy Olawale, who made the call on Tuesday in Lagos, called for more specific and direct business sustainability schemes, to save the private sector.

NECA calls for urgent economic recovery effort

The Nigeria Employers Consultative Association (NECA) has called for urgent economic recovery effort in view of the Gross Domestic Product (GDP) data released by the National Bureau of Statistics (NBS).

Recession: Financial expert seeks aggressive implementation of ESP

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.

Nigeria officially enters another recession as GDP contracts by 3.62% in Q3’ 2020

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) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

CBN: Electronic transaction volumes increased 67 percent during lockdown

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.
Zambia Minister of Tourism and Arts, Mr Ronald Chitotella, Sierra-leone Minister of Tourism and Cultural Affairs, Dr Memunatu Pratte, and Nigeria Minister of Information and Culture Alhaji Lai Mohammed at the 11th Tourism Investment and Business Forum for Africa in Madrid, Spain on Thursday

Lai Mohammed: Creative Industry the fastest growing sector of Nigerian economy

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.

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Military, police foil bandits’ attack on Kaduna community

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.