Japan’s economy shrank a record 7.8 per cent in the April-June quarter, the worst contraction in the nation’s modern history, data showed Monday, as the coronavirus deepens the country’s economic woes. The contraction from the previous quarter was slightly worse than expectations but is still significantly less severe than declines seen in many other industrial […]

US President Donald Trump signed four executive orders on the economy on Saturday, following through on a threat to act on his own if Congress did not pass a new stimulus bill. One order provides enhanced unemployment benefits while a second would give relief on student loan repayments. A third-order is a federal ban on […]

Credit to the economy rose by 6.3 percent to N38 trillion in the first half of the year (H1’2020) driven by 9.85 percent upsurge in credit to the federal government.

Against the backdrop of recently set targets in  the revised 2020 budget and the approved Federal Government’s National Economic Sustainability Plan, NESP, research reports by some investment houses have indicated that macroeconomic outcomes would be far off targets by year end 2020 into 2021.

Nigeria’s quest to build a pool of wealth as savings for future generation and enhanced economic development has received a major boost from the Nigerian Sovereign Investment Authority (NSIA) which grew its total assets by five percent to N650 billion while generating N36 billion as income in the financial year ended December 31, 2019.

By Johnbosco Agbakwuru The 2019 Annual States Viability Index, ASVI, released on Sunday by Economic Confidential, showed that only six states in the federation are economically viable. The states include Lagos, Ogun, Rivers, Kwara, Kaduna and Enugu, while also listing the poor and insolvent states to include Katsina, Kebbi, Borno, Bayelsa and Taraba states, based […]

A Capital Market operator, Mr Boniface Okesie, says there is need for the Federal Government  to urgently give  COVID-19  bailout funds to local companies to reposition the economy.

Zimbabwe’s Finance Minister Mthuli Ncube on Thursday said the southern African nation’s ailing economy would contract by 4.5 percent this year due to climatic shocks and the coronavirus pandemic. The projection is much more optimistic than that of the World Bank which last month predicted a contraction of 10 percent. But Ncube said “a combination […]

China saw forecast-beating economic growth in the second quarter after a record contraction in the previous three months, as businesses cautiously returned to normality after strict lockdowns across the country. The figures released Thursday follow a string of data showing the world’s number two economy slowly emerging from the outbreak, and should provide hope to […]

By Yinka Kolawole As the COVID-19 pandemic continues with consequent subdued commercial activities, the Nigerian economy may slide into a recession by the end of the third quarter of 2020 (Q3’20), the Lagos Chamber of commerce and Industry (LCCI) has warned. President, LCCI, Mrs Toki Mabogunje, gave the warning at a quarterly press briefing of […]

The Minister of Industry, Trade and Investment, Chief Niyi Adebayo, has assured the Organised Private Sector of Nigeria (OPSN) of the government’s support to its efforts to reboot the economy in the face of the COVID-19 pandemic.

By Chief  EDWIN  CLARK ON Friday, June 19, 2020, the nation’s number two citizen, Prof. YemiOsinbajo, responding to a statement made by former Central Bank of Nigeria, CBN, Governor, and the immediate past Emir of Kano, Sanusi Lamido Sanusi, during a Webinar organised by the Emmanuel Chapel on the theme: Economic Stability beyond COVID-19 said: […]

By Udeme Akpan & Sebastine Obasi President Muhammadu Buhari will on Tuesday flag off the construction of $2.8 billion Ajaokuta-Kaduna-Kano (AKK) pipeline, thus laying the foundation for the stimulation of Nigeria’s economy. A consortium of indigenous and international engineering firms will deliver the 614-kilometer gas pipeline conceived to provide the highly desired stimulus to domestic […]

By Agbonkhese Oboh Nigeria Employer’s Consultative Association, NECA, has said current economic realities have made it important for the Oronsaye report to be implemented and deliberate efforts made to plug leakages in governance. NECA’s Acting President, Mr. Taiwo Adeniyi, made the points at a post-Governing Council briefing, on Thursday, at NECA House, Lagos. Although Adeniyi […]

Credit to the economy rose by 10.1 percent or N3.5 trillion in five months to N39.1 trillion in April 2020 from N35.5 trillion in November last year.