The International Monetary Fund (IMF) is lowering its global growth projection for 2021 slightly to 5.9 percent while keeping it unchanged for 2022 at 4.9 per cent. However, this modest headline revision masks large downgrades […]
Dr Ngozi Okonjo-Iweala, the Director-General (DG) of the World Trade Organisation (WTO), has said the contributions of Nigerians at home and abroad could positively impact the nation’s economy to bring about peaceful coexistence. The DG […]
Africa’s biggest economy, Nigeria, has exited recession with its economy witnessing a surprise rebound, recovering faster than expected as the oil price and output increase this year. This development could also point to the growing […]
The Australian economy is rebounding strongly from the economic havoc of the coronavirus recession, Treasurer Josh Frydenberg says, but insists the road ahead remains challenging. Mr Frydenberg released his mid-year budget update on Thursday, revealing […]
Africa’s biggest economy, oil-rich Nigeria, slipped into recession for the second time in four years. Hit by both the coronavirus pandemic and falling oil prices, official figures revealed the economic status of Nigeria, on Saturday. […]
Vice President Yemi Osinbajo, is worried over the rising poverty level among Nigerians, and the state of the economy, which he said is being faced with distortions and hardship, daily deepening in the country. Consequently […]
Nigerians and others who trade in the country’s currency, naira, can now heave a sigh of relief with the rebound in oil prices which has given naira a reprieve, easing investors’ concern that a steep […]
•Embarks on assessment of readiness of businesses •LASEPA, Safety Commission to re-register, assess businesses before •Infected govt house staff recovered —Governor Sanwo-Olu Nigeria’s commercial nerve centre, Lagos State, is considering full re-opening of the critical […]
India’s Prime Minister Narendra Modi unveiled on Tuesday a $270 billion stimulus package for laborers and small businesses to boost flagging growth as the country grapples with the impact of the coronavirus and weeks-long lockdown. […]
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