Monetary Policy Committee cuts benchmark interest rate to 12.5%. Against investment banking analysts’ expectations, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), on Thursday cut the policy rate from 13.5% to 12.5%.

CBN forecasts negative economic growth for Q2 . The Central Bank of Nigeria (CBN) has predicted negative Gross Domestic Product (GDP) growth for the country in the second quarter (Q2) 2020 owing to COVID-19 pandemic that had affected the economy.

Africa’s COVID-19 cases hit 123,000 – WHO. The World Health Organisation (WHO) on Thursday reported that COVID-19 cases in Africa as at May 26 had risen to over 123, 000.

AMCON Seeks Bailout for Aviation, says it has injected ₦50bn. Asset Management Corporation of Nigeria (AMCON) seeks bailout for Aviation sector, said it has injected around ₦50 billion solely to stabilize airline operations in the country between 2012 and 2020.

Nigeria to record current account deficits near 4% of GDP – Reports. Experts have estimated that Nigeria will record current account deficits

This is not another motivational talk. It is the reality of the day and we are already caught in the social web.

Executive chat: coronavirus has marked down my business – MD Obviously, there will be corporate casualties in various sectors following…

Nigeria to Record its Largest Economic Decline in Q2– FSDH

Capital importation: $5.8 billion flows into Nigeria’s economy in first quarter. Nigeria benefited from foreign investment flow amounted to $5.8 billion in the first quarter of 2020 amidst global disruptions.

Ahead of the rescheduled Monetary Policy Committee meeting of the Central Bank of Nigeria, Meristem Securities, Vetiva and others have predicted that the policy rates would be maintained.