Tag Archives: Economy

The Deputy Governor, Financial System Stability Directorate, Central Bank of Nigeria, Aisha Ahmad has encouraged small businesses in Nigeria on being intentional about overcoming the challenging ecosystems in order to contribute their quota to the growth of Nigeria’s economy. According to her, SMEs represented a huge potential to drive economic …

The term hustle means different things to different people. For some, hustle represents the push to want to make things happen. It could also mean any venture, enterprise or business with the purpose of creating an economic activity and or facilitating a trade. Believe it or not, the hustle, whether …

In the face of rising demand for foreign exchange for goods, services, and other needs, the Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele says monetary policy alone cannot wholly address the country’s foreign exchange challenges. Mr. Emefiele disclosed this in a keynote to the maiden bi-annual Non-Oil Export …

Currency in circulation in Nigeria rose by N1.15 trillion in 2021 to N3.33 trillion as of December 2021 its highest level on record. This is on the back of several monetary policies adopted by the Central Bank of Nigeria to increase liquidity in the economy. According to the data obtained …

AP LPG terminal, a fully owned subsidiary of Ardova PLC, on Wednesday, 19 January 2022, performed the groundbreaking ceremony for the construction of a 20,000 metric tonne Liquified Petroleum Gas (LPG) storage terminal at the project site in Ijora, Lagos. The ceremony signified the official commencement of construction activities which …

The Chief Executive Officier of Absa Nigeria, Sadiq Abu has called for a robust public-private sector investment in national infrastructure development to enable impactful national productivity and wider enterprise with a strong bearing on the overall Gross Domestic Product (GDP). In a recent statement, Sadiq Abu, said, “Private sector participation …

Financial Derivatives Company Limited (FDC) has said the Nigerian economy is expected to grow by 2.6 per cent in the second quarter of this year, up from 0.51 per cent in Q1. Analysts at Lagos-based FDC, led by an economic expert, Mr Bismarck Rewane, said the expansion of the GDP …

The Lagos Chamber of Commerce and Industry (LCCI) has warned against what it described as collateral damage the suspension of Twitter operations in Nigeria would cause. Its Director-General, Dr Muda Yusuf said many businesses, especially small medium enterprises (SMEs), leverage the micro-blogging social media platform for marketing and other promotional …

Nigeria’s rate of inflation dropped to 18.12 percent in April 2021, the National Bureau of Statistics (NBS) said on Monday It was 18.17 per cent in March, shedding 0.05 per cent to close at 18.12 in April. The NBS said: “The Consumer Price Index, which measures inflation increased by 18.12 …

…As Banks Pump N4.56 Trillion into Economy in One Year Nigerian banking sector has attracted N6.95 trillion fresh deposits within the last one year. This was disclosed by a member of the Central Bank of Nigeria (CBN)-led Monetary Policy Committee (MPC) Prof. Festus Adenikinju. In his personal note to the …