ECONOMY

Nigeria records N124.77b trade deficit in Q1 2020 - Nigeria recorded a trade deficit of N125. 77billion in the first quarter (Q1) of this year, the National Bureau of Statistics (NBS)...

See how much Nigeria loses annually to power shortages - The World Bank has approved $750 million credit support for Nigeria’s power sector, saying that the country loses about $28 billion...

IMF predicts 5.2% decline in Nigeria’s GDP in 2020 - International Monetary Fund (IMF) has predicted that Nigerian’s Gross Domestic Product (GDP) would drop   by -5.4 per cent in the 2020...

Naira depreciates by N24 to N385/$ at official market - The Naira depreciated by N24 to close at N385 per dollar on Thursday at the official market. It had exchanged at...

Anchor Borrowers: 70, 000 maize farmers to get CBN support - The Central Bank of Nigeria (CBN), has concluded arrangements to support 70,000 maize farmers under its Anchor Borrowers Programme, during...

Post COVID-19: Govt allocates farmland to civil servants, others - The Plateau State government has commenced its post-COVID-19 economic recovery plan with the reacquisition of the Brewery Agro Research Company, BARC...

Recession: South African economy to contract by 5.5% in 2020 - Ratings agency Fitch said on Friday it expected South Africa’s economy to shrink 5.5% this year, as the coronavirus lockdown...

CBN to fund 1.6m farmers across Nigeria - The Central Bank of Nigeria (CBN) says it will fund 1.6 million farmers in the 2020 wet season across the country. Speaking at...

Ghana moves to reduce MTN's telecoms market share - Ghana will implement a set of policies to reduce the dominance of MTN in the country’s telecommunications market, the government has said...

IMF Urges Banks to Suspend Dividend Payment to Shareholders - The International Monetary Fund (IMF) has advised top commercial banks in the world to suspend dividend payment to their shareholders so...