Browsing: FGN

Price Instability Threatens CBN’s Single Digit Inflation Target:Persistent rise in average prices of goods is putting pressure on household income, couple with the fact that unemployment rate is at worst level since 2010.Analysts have again projected that the dust is yet

Growth: Experts Task FG on Private Sector Driven Economic Policies. To strengthen the nation’s economic growth trajectory, experts have asked the Federal Government to development private sector driven policies and create enable business environment for local businesses to thrive.

‘Unemployment Rate Data Downplays Labour Market Condition’ Afrinvest, a leading investment firm headquartered in Lagos has said it discovered that…

Brent Crude Fell to $45.31 after IEA Lower Forecast. Brent Crude fell 0.3 per cent to $5.31 per barrel on Thursday after the International Energy Agency lowered its 2020 oil demand forecast.

PMI: Sustain Contractions Foreshadow Economic Recession –Analysts. The sustained contraction of the Purchasing Managers’ Index (PMIs) for the third consecutive month in July 2020 forebodes an economic recession for the country, experts at Cowry Asset Limited have said.

₦5 trillion: AMP Scheme Strategic To AMCON’s Recovery – Kuru. The Asset Management Corporation of Nigeria (AMCON) Managing Director/Chief Executive Officer, Mr Ahmed Kuru attested to the efficacy of the processes of receivership and winding up procedures as amended in the 2019 AMCON Act

Nigeria’s 9% Foreign Currency Debt to GDP Remains Moderate -Fitch. Less Financing to Short-term financing Stress.External Reserve Projected to drop 40%. Low fiscal Revenue weakens Debt Sustainability

FAAC Shares N651.18 Billion to FG, States, LGs in June. The Federation Accounts Allocation Committee (FAAC) has shared N651.18 billion Federation Account Revenue to the federal, states and local government councils and relevant agencies for the month of June.

COVID-19: Nigeria may go into severe recession – World Bank. The World Bank says collapse in oil prices coupled with the COVID-19 pandemic is expected to plunge the Nigerian economy into a severe economic recession, the worst since the 1980s.

Nigeria’s Balance of Payment Plunged to Deficit in Q1. The Nigeria’s balance of payment (BoP) has slipped to $11.18 billion deficit in the first quarter of 2020 according to data released by the apex bank.