Sunday, October 24, 2021
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Economy Insight

Read the latest news on the economy in Nigeria.

Banks and other financial institutions in the country, have been able to recover N50.32 million from debtors, within a period of nine days. Following the implementation of Global Standing Instruction (GSI), which enables banks to go after debtors' accounts in other banks to retrieve their loan, the non-performing loans have...
The only solution to the instability of Naira is the funding of Bureaux De Change (BDC). Muhammadu Sanusi II, the dethroned Emir of Kano, and former Governor of the Central Bank of Nigeria (CBN), made the above statement. While lecturing on the United States of Naira: What plan for unification, during...
Stakeholders in Nigeria’s aviation sector are expressing fears, as mass sacking is imminent due to the novel coronavirus also known as COVID-19. Amongst the many sectors affected in this torrid period is the aviation industry. This is because of the lingering lockdown triggered by the infectious disease. While other sectors have...
It is no longer news that the world economy has in the past months been brought to a standstill. As COVID-19 continues to ravage, different countries across the world have been seen embarking on a nationwide lockdown, a move that hasn’t just disrupted human activities but crippled the business...
The National Bureau of Statistics (NBS), has on Friday, May 22, 2020, published Nigeria’s Internally Generated Revenue (IGR) for 2019 full year. NBS disclosed in the publication that the President Muhammadu Buhari-led administration, recorded a 20.92% year on year growth after the combined state’s IGR stood at N1.33 trillion in...
Chairman of the United Bank of Africa (UBA) Group, Tony Elumelu has highlighted the economic recovery plan for President Muhammadu Buhari and other African leaders. While speaking at a roundtable discussion made up of African leaders, including Dr. Ngozi Okonjo – Iweala, the Special Envoy of the African Union on...
Should a statement by Andrew Nevin, a partner and chief economist for Nigeria at PricewaterhouseCoopers LLP, hold water, then there are more worries for Nigeria aside from the novel coronavirus ravaging the economy. Nevin had stated; “There is a possibility that at least for three to five years, there’s going...