MPC shuns bleeding economy, raises interest rate to 18.5%
• GDP growth slows to 2.3 percent in first quarter • Growth claim not real, economists push back • Manufacturing not affected by interest rate […]
Economy
NACCIMA, CPPE lament worsening state of economy
• Fault tax increase, claim all sectors bleeding seriously The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) and the Centre for […]
‘NITDA Bill may compound regulatory, compliance hurdles for digital economy’
•Experts want agency to focus on development agenda With calls on the National Information and Technology Development Agency (NITDA) to focus more on developmental issues, […]
IMF pushes for interest-free loans for developing countries
Photo: Samuel Corum/Getty Images/AFP $4.7 billion needed to bridge credit gap Multiple economic shocks in recent years, amid a slow rise in per capita income […]
World Bank projects two percent output growth in 2023
Photo by Samuel Corum/ Getty Images North America/ AFP – Banking sector stress, interest rate, others top Spring Meetings deliberation – Nigerian monetary, fiscal authorities […]
Nigeria’s industrial base weaker over poor credit support from banks
• ‘Unhealthy fiscal condition, domestic borrowing threaten industrialisation’ • Promote new investments to increase revenue, experts advise • Credit to public sector soars by over […]
Operating licence not a right, Emefiele warns banks’ chiefs
• As CBN tightens credit squeeze, raises interest to historic 18 per cent • MPR in sync with economic realities, experts argue • Impacts of […]
CBN’s short-term loans to banks drop to N11 trillion
CBN Financial data obtained by The Guardian suggest that deposit money banks (DMBs) had less reason to worry about liquidity last year as borrowing from […]
Investors stake N3tr on Nigerian equities
. Local stocks bullish Nigerians are showing more confidence in domestic stocks as turnover in the stock market has risen by a quarter to more […]
Experts x-ray Tinubu’s plan on exchange rates, subsidy
Unified rate will support growth, says Rewane • Local refineries must work’ Multiple exchange rates and the retention of petrol subsidy payment are unhelpful to […]