Economy

IMF projects Nigeria’s economy to grow 2.5% in 2021

The International Monetary Fund (IMF) says the incipient recovery in economic activity in Nigeria is projected to take root and…

5 years ago

Nigeria’s inflation rate slows down to 17.93% in May

Nigeria’s inflation rate decelerated further for the second consecutive month to stand at 17.93% in May 2021 from 18.12% recorded…

5 years ago

FG restates support for local entrepreneurs

The federal government says it will continue to promote the ingenuity and industry of Indigenous entrepreneurs for economic growth. Otunba…

5 years ago

CBN to introduce digital currency before December

Despite banning cryptocurrencies in the country, the Central Bank of Nigeria (CBN) has concluded plans to launch a digital currency…

5 years ago

Nigeria’s public debt reaches N33.107trn – DMO

The Debt Management Office (DMO) reports that Nigeria‘s stock of public debt is N33.107 trillion (approximately $87.239 billion), as of…

5 years ago

Nigerian govt approves N895 billion  draft supplementary budget

The Federal Executive Council of Nigeria has approved a draft supplementary budget of N895 billion for the year 2021 for…

5 years ago

Group urges FG to provide soft loans for youths to tackle unemployment

The Nigeria Diaspora Network (NDN) urged the federal government to provide low-rate loans and farm inputs to young people. NDN’s…

5 years ago

Nigeria, UK business teams meet in Abuja

The Federal Government has given assurances to United Kingdom companies operating in Nigeria of its support in ensuring that they…

5 years ago

Nigeria to reduce wheat importation with cassava policy

The Nigerian Government says the policy of 10 per cent of cassava flour in bread and other confectionery would reduce…

5 years ago

CBN’s intervention in textile industry creates 620,000 jobs- Governor

Over 620,000 direct and indirect jobs were created in two years as a result of the Central Bank of Nigeria’s…

5 years ago

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