Firms’ confidence in economy falls 3.2 index points — CBN
Businesses have expressed less confidence in the economy with the Overall Confidence Index in the next three months falling by 3.2 index points to 14.5 from 17.7 index points.
IMF raises Nigeria’s economic growth forecast to 3.4%
*Cuts global growth forecast to 3.6%; inflation to remain high By Babajide Komolafe, Economy Editor The International Monetary Fund, IMF, has raised its forecast for Nigeria’s economic growth in 2022 to 3.4 per cent, citing increase in crude oil prices. However, the IMF reduced its projection for global growth to 3.6 per cent in both […]
System failure cost nation’s economy about N640m in 2 days
By Godfrey Bivbere Nigeria’s economy may have recorded about N640 million loss to the breakdown of the information technology system used by the Nigeria Customs Service, NCS, for cargo clearance at the ports. The platform used by the Customs is operated by Webb Fontaine contracted by the Federal Ministry of Finance. Stakeholders have posited that […]
CBN introduces 37 interventions to save economy
The Central Bank of Nigeria, CBN, has disclosed that it introduced no less than 37 intervention programmes to boost the economy of the country.
Re-inventing the economy for sustainability
By Arize Nwobu NIGERIA is an emerging market, middle income and mixed economy, and is ranked the 27th largest economy in the world. It has the largest natural gas economy in Africa and is also the largest oil and gas producer in the continent. The country had a good head start with a well-defined First […]
‘How auto sector can salvage the economy’
The Federal Government has been advised to give special attention to the nation’s automobile sector, which can be used to salvage the economy.
