Economy

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 …