Opinion: The pandemic is no time for fiscal distancing

By Akinwumi A. Adesina These are very difficult days, as the world faces one of its worst challenges ever: the novel coronavirus pandemic. And it...

Nigeria’s external reserves decline, despite lower FX demand

Nigeria’s external reserves have continued to decline unabated as it shed $3.33 billion in the first quarter of 2020. The external reserves dropped from...

Economy: S&P gives Nigeria junk rating, as India cuts interest rates

The drop in crude oil prices took a number of sovereign rating cuts on oil-exporting nations on Thursday. The countries include Nigeria, Mexico, Angola,...

CBN devalues Naira, sells dollar at N380/1$

The Central Bank of Nigeria (CBN) Friday sold dollars to banks at N380/$1, thereby confirming suspicions of an impending devaluation of the currency over...

Corona fear: CBN wants Nigerians to go cashless ahead deadline

In view of the prevailing fears of Coronavirus outbreak, the Central Bank of Nigeria (CBN) has advised Nigerians to forego cash transactions and adopt...

South Africa no longer Africa’s largest economy

The economy of South Africa has officially entered its second recession in two years, after its Gross Domestic Product (GDP) shrank by 1.4 per...

Abia governor seeks partnership with African Development Bank

A thriving entrepreneurship industry and agricultural base in Nigeria’s Abia State are the foundation for the creation of a potentially viable industrial hub, its...

Why S&P downgraded Nigeria in latest rating

Standard and Poor’s (S&P) a Global Ratings agency has downgraded Nigeria from stable outlook to negative. The rating agency confirmed this in a research...

Nigeria’s salvation lies in decentralisation of federal powers – Sanwo-Olu

Seeks review of fiscal federalism Lagos State Governor, Mr. Babajide Sanwo-Olu, has offered a fresh impetus on how true federalism can solve the current...

NIPC reports $29.91bn investment announcements for 2019

The Nigerian Investment Promotion Commission (NIPC) has reported that $29.91 billion were tracked as investment announcements for the year ended, 2019. These announcements were tracked...

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