Central Bank of Nigeria boosts economy with N3.3tr credit
CBN Governor Godwin Emefiele The Central Bank of Nigeria (CBN) on Monday said it has facilitated a credit of N3.3trillion to the productive sectors of the economy. It has also…
CBN Governor Godwin Emefiele The Central Bank of Nigeria (CBN) on Monday said it has facilitated a credit of N3.3trillion to the productive sectors of the economy. It has also…
A man works on a production line manufacturing bicycle steel rims at a factory in Hangzhou, Zhejiang province, China The global economy will suffer the biggest peace-time downturn in a…
The National Bureau of Statistics (NBS) has said that the First Quarter of 2020, Nigeria’s Gross Domestic Product (GDP) grew by 1.87 per cent (year-on-year) in real terms. In its…
FILE PHOTO: FILE PHOTO: IMF Managing Director Kristalina Georgieva speaks during a conference hosted by the Vatican on economic solidarity, at the Vatican, February 5, 2020. REUTERS/Remo Casilli/File Photo The…
The UN’s mid-year report said Covid-19 is expected to slash global economic output by nearly $8.5 trillion The United Nations is forecasting the coronavirus pandemic will shrink the world economy…
The International Monetary Fund (IMF) on Tuesday predicted that Nigerian economy will contract by 3.4 per cent this year as the impact of the COVID-19 pandemic hits commodity exporting countries.…
The global economy is expected to shrink by 3.0% during 2020 in a stunning coronavirus-driven collapse of activity that will mark the steepest downturn since the Great Depression of the…
Nigeria’s foreign exchange reserves have dipped by $34.58 billion, a 10.25 per cent decline year-to-date. The reserves stood at $38.53 billion on January 2 and have been drawn down by…
Soldiers patrolling streets in Santiago, Chile Business activity collapsed from Australia, Japan and Western Europe to the United States at a record pace in March as measures to contain the…
The Central Bank of Nigeria (CBN) spent nearly $16.56 billion to defend the naira in the last one year, it was learnt. Analysis of the regulator’s half year report showed…