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CBN’s MPC in swim or sink mode

CBN’s MPC in swim or sink mode

The Monetary Policy Committee, MPC, of the Central Bank of Nigeria, CBN, last week met amidst worsening macroeconomic environment which had forced Nigeria’s economic growth rate into negative for the first quarter of 2016, while threatening to slide into recession by the end of current quarter.

Nigeria’s Q1 trade account turns negative as oil prices fall

Nigeria’s Q1 trade account turns negative as oil prices fall

Nigeria’s trade account turned negative in the first quarter after exports fell by almost half, the National Bureau of Statistics said yesterday, as lower prices for crude oil slashed government revenues and caused the economy to contract.

Kwara still keen on N20bn bail bond — AHMED

Kwara still keen on N20bn bail bond — AHMED

Kwara State Government yesterday said it had not abandoned plans to secure a N20 billion bond for infrastructure development in the state, but had only reduced it by half, saying it would only access the second part when economy of the state improved.