Home Topics Macroeconomic Stability

Macroeconomic Stability

IMF: Sub-Saharan Africa economy will recover by 3.1% in 2021

The International Monetary Fund (IMF), says economic activity in sub-Saharan Africa is projected to recover by 3.1 per cent in 2021 after declining by 3.0 per cent in 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.

Nigeria’s foreign reserves rise to $35.81 billion

Nigeria’s foreign reserves rose by $140.9m from $35.67bn as of September 1 to $35.81bn as of September 17, the latest figures from the Central Bank of Nigeria have shown.
The state’s Commissioner for Planning and Budget Commission, Mr Thomas Gyang, who disclosed this in an interview with newsmen on Wednesday, in Kaduna, said that preparations for the 2021 to 2023 multi-year budget had already commenced.

Official: Kaduna 2021 draft budget to be ready in October

The Kaduna State Government says it is working towards presenting the state 2021 draft budget to the Executive Council for ratification in October.
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.

Petroleum explorationists, others call for central bank’s intervention

Following the crash in global oil prices occasioned by the coronavirus pandemic, indigenous Petroleum Explorationists have called for urgent intervention of the Central Bank of Nigeria, CBN, as they would be unable to meet their financial exposure to commercial banks at the current oil prices.

Coronavirus: IMF approves $1 billion credit for Ghana

The International Monetary Fund, IMF, on Monday approved the disbursement of US$1 billion to be drawn under the Rapid Credit Facility (RCF).
The founder, Investment Banking and Trust Company (IBTC), Mr. Atedo Peterside, has identified macroeconomic stability, especially low inflation rate regime as a major panacea to attracting all types of investors into the Nigeria’s capital market.

Atedo Peterside: Why stock market is under persistent pressure

The founder, Investment Banking and Trust Company (IBTC), Mr. Atedo Peterside, has identified macroeconomic stability, especially low inflation rate regime as a major panacea to attracting all types of investors into the Nigeria’s capital market.

Central bank stabilises naira with $25.68 billion in eight months

The Central Bank of Nigeria injected about $25.68bn to stabilise the nation’s currency in the foreign exchange market between January and August this year.
Saratu Iya Aliyu

NACCIMA seeks inclusive growth, youth empowerment

The Nigeria Association of Chambers of Commerce, industry, Mines and Agriculture (NACCIMA), has commended the handling of the economy by the current administration but however, decried inflation rate of 11.02 per cent as at August fueled by high food prices at 13.17 per cent in the same month.
The Federal High Court Abuja, on Monday, refused to grant a request stopping President Muhammadu Buhari from inaugurating the 43 ministerial nominees over the exclusion of an FCT indigene from the cabinet list.

Pass all requests for meetings with me through Abba Kyari – President Buhari tells ministers

President Muhammadu Buhari on Tuesday told incoming ministers that all requests for meetings with him should pass through his chief of staff, Abba Kyari.
Mohamed Ould Ghazouani

Mauritania’s Mohamed Cheikh El-Ghazouani declares himself winner of presidential poll

The presidential candidate for Mauritania’s ruling party, Mohamed Cheikh El-Ghazouani, has declared himself the winner of the country’s general elections on Saturday night in the first round, while the results were still being compiled.

Udoma Udoma: Nigeria’s economy moving in positive direction under Muhammadu Buhari

Minister of Budget and National Planning, Senator Udoma Udo Udoma, Thursday, in Indonesia told a global audience that the implementation of the Economic Recovery and Growth Plan (ERGP 2017 – 2020) was moving Nigeria’s economy in a positive direction.

Recent Stories

Governor Bello Matawalle of Zamfara has directed the state’s Commodity, Marketing and Distribution Board to take charge of supplying foodstuff for the boarding secondary school feeding scheme to guarantee its quality.

Togolese university confers honorary doctorate degree on Zamfara governor

The Director-General of Media, Public Enlightenment and Communications to the Governor, Malam Yusuf Idris, disclosed this in a statement made available to journalists in Gusau on Saturday.
1. At least 27 police stations were incinerated last week in Lagos, after violence erupted across the commercial hub as a fallout of the military shooting of unarmed protesters in Lekki.

#EndSARS: CRAN commiserates with NPF/civilians over attack

The Crime Reporters Association of Nigeria (CRAN), a body of journalists covering the security beat nationwide, has commiserated with the Inspector-General of Police Mr Mohammed Adamu, the entire Nigeria Police Force and Nigerians on their loss during the EndSARS protest.

Two NSCDC officials killed in road accident in Ondo

At least two officials of the Ondo State Command of the Nigeria Security and Civil Defence Corps (NSCDC) lost their lives while one other was injured in a motor accident on Friday along the Ondo-Ore Road in Ondo State.
The Kano State Government has reiterated its commitment to the improvement of sanitation and hygiene for sustainable development in the state.

Kano restates commitment to sanitation, hygiene

The Kano State Government has reiterated its commitment to the improvement of sanitation and hygiene for sustainable development in the state.
Governor Douye Diri has expressed worry over the development, following the lifting of the ban on interstate travel.

Bayelsa probes alleged illegal employment in Yenagoa council

Bayelsa State Government has set up a six-member committee to probe allegations of illegal employment of some primary school academic and non-academic staff by the Yenagoa Local Government Council.