COVID-19 to weaken Nigerian banks’ assets in 2020 – Report

The outbreak of the coronavirus disease has worsened the outlook for Nigeria’s hitherto fragile economy due to the pandemic. The Nigerian banking industry has had...

Senate grants FG’s N850 billion loan request

Nigeria’s upper legislative Chamber, the Senate has given consent to President Muhammadu Buhari’s N850billion loan request after it was read at the plenary Tuesday....

Why the Naira remains on free fall

Nigeria remains a mono-cultural economy with export of crude oil as its economic mainstay, therefore it is no news that the plunging prices of...

AfDB’s support improves livelihood of rural youth

Momou Dembélé, 30, is a qualified electrician. Married with two children, she left her hometown of Kimparana, where she trained, for Ségou in central...

Turning COVID-19 tragedy into opportunity for New Nigeria

By Godwin I. Emefiele As many people are now aware, the outbreak of the Novel Coronavirus Disease (COVID-19) in China has rapidly permeated and profoundly...

Stronger partnerships crucial for SDGs implementation in light of COVID-19 – ECA

The Bureau of the Sixth Session of the Africa Regional Forum on Sustainable Development (ARFSD) has adopted an action plan establishing key priorities for...

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...

Follow us

0FansLike
65,874FollowersFollow
14,700SubscribersSubscribe
Ad