Economy

Economy

FG tweaks TSA to accommodate public donations for Covid-19

Frank Eleanya Apr 06, 2020

President Muhammadu Buhari has approved the temporary restructuring of the Treasury Single Account (TSA) to accommodate cash donations from the...

Economy

Fitch downgrade worsens Nigeria's dollar-debt prospects, shifts attention to multilateral lenders

Olufikayo Owoeye Apr 06, 2020

Nigeria’s hope of raising dollar denominated cash in the euro-bond market to finance its deficit may have finally hit the...

Economy

Coronavirus: Cash-strapped bank customers seen begging to activate e-channels

Iheanyi Nwachukwu Apr 06, 2020

So many bank customers who hitherto underestimated the impact of the stay-at-home order by the Federal Government, are now regretting...

Economy

Nigeria, Angola could lose $65bn income as coronavirus threatens 20m jobs in Africa

Olusola Bello Apr 06, 2020

Nigeria and Angola, Sub-Saharan Africa’s biggest oil producers alone could lose $65 billion in income just as about 20 million...

Economy

We have to build an economy with strong buffers – Amadi

Harrison Edeh Apr 05, 2020

Sam Amadi is a former chairman of the Nigerian Electricity Regulatory Commission (NERC), and currently lectures at the Baze University....

Economy

Coronavirus: Osinbajo inaugurates economic committee

Anthony Ailemen Apr 03, 2020

Vice President Yemi Osinbajo has inaugurated the Federal government Economic Sustainability Committee focused on developing sustainable response to the economic...

Economy

How coronavirus threatens 75% of Nigerian economy

Teliat Sule Apr 02, 2020

Africa’s biggest economy, Nigeria, recorded its first case of the novel disease, coronavirus on the 27 th of February 2020....

Economy

Nigeria must prepare for a big hit in a prolonged recession, say UK experts

Anthony Nlebem Apr 02, 2020

Members of a webinar panel of experts organised by the Financial Times yesterday said Nigeria would take a big hit...

Economy

Nigeria’s total debt stock rises 12% to N27.4 trillion in 2019

Segun Adams Apr 01, 2020

Nigeria’s total debt stock rose to N27.40 trillion in 2019, an increase of around 12.36 percent year-on-year from N24.38 trillion...

Economy

CBN to rollover N95.7bn NT-bill Wednesday

Vincent Nwanma Mar 31, 2020

The Central Bank of Nigeria (CBN) is expected to rollover N95.7bn worth of maturing Nigerian Treasury Bills (NT-Bills) at a...

Economy

How COVID-19, oil price crash choke Nigeria’s economy?

Stephen Onyekwelu Mar 31, 2020

Nigeria faces two intimidating enemies; the coronavirus pandemic and crashing oil prices, both are beyond the country’s control and have...

Economy

Coronavirus: Economy lockdown worsens banks’ borrowers’ repayment plans

Vincent Nwanma Mar 30, 2020

Nigerian banks are in worst-case-scenario with customers who took short-term loans as salaries are delayed and businesses are locked down...

Economy

Buhari approves skeletal operations in Financial system as Abuja, Lagos, Ogun lock down

Onyinye Nwachukwu Mar 30, 2020

The ministry of Finance, Budget and National Planning and Central Bank of Nigeria (CBN) have announced that skeletal activities will...

Economy

COVID-19: Dollar-a-day income earners hurt as economic activities shrink, movement restricted

Chuka Uroko Mar 30, 2020

For the class of Nigerians whose income is so little that it is equated to one Dollar-a-day, the impact of...

Economy

Nigerians rush to cash out in banks after FG declares lockdown

Hope Moses-Ashike Mar 30, 2020

Panic withdrawal seen around the Nigerian banks on Monday morning following the restriction of movement announced by President Muhammadu Buhari...