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The World Bank in says Nigeria made an early exit out of recession than projected its October 2020 forecast for Sub-Saharan Africa (SSA). The bank made this known in its latest Africa Pulse Report for April 2021 titled, ‘COVID-19 and the Future of Work in Africa: Emerging Trends in Digital […]
India’s economy has entered a technical recession for the first time since independence, official data showed Friday. The country’s economy contracted 7.5 percent between July and September, performing the poorest among major advanced and emerging economies. Although the figures were an improvement on the record 23.9-percent contraction recorded last quarter, […]
The report of the Presidential Committee on reopening Nigerian land borders is ready and would soon be presented to President Muhammadu Buhari. This is according to the Minister of Finance, Budget and National Planning, Dr. Zainab Ahmed. Dr. Ahmed, who is Chairman of the committee disclosed this on Wednesday while […]
Key lending rates has been retained at 11.5% by the Monetary Policy Committee The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, Tuesday in an announcement said the decision is part of efforts to boost the economy towards a sustainable recovery from the recession. “Members voted in line […]
Mrs Zainab Ahmed, Nigeria’s Minister of Finance, Budget and National Planning on Monday, said the country will exit recession by the first quarter of 2021. Ahmed who spoke about the current recession in the country at the ongoing 26th Nigerian Economic Summit organised by the Nigerian Economic Summit Group and […]
The Nigeria economy has slipped back into recession for the second time in four years. This is as a result of COVID-19 and the crash in oil prices caused by the pandemic. According to figures published yesterday by the National Bureau of Statistics (NBS), the Gross Domestic Product (GDP) contracted […]
