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Nigeria’s economy to grow by 1.5% in 2021 – IMF
The International Monetary Fund (IMF) in its World Economic Outlook (WEO) update released yesterday has projected that the Nigerian economy will grow by 1.5 per cent IN 2021, slightly lower than the 1.7 per cent it had predicted for the…
2nd Wave COVID-19 – U.S approves $35bn relief loans
The United States Small Business Administration (SBA) said it had approved 400,000 more pandemic relief loans worth $35 billion and was trying to fix issues operational snags with the program raised by lenders.
The SBA launched the third…
2nd Wave COVID-19 – CBN urges against another lockdown
The Central Bank of Nigeria (CBN) has urged the Federal Government to avoid locking down the economy again due to the increasing number of confirmed cases and deaths from the second wave of COVID-19, stating that the lockdown on the economy…
Key reforms can accelerate Nigeria’s economic recovery – LCCI
The Lagos Chamber of Commerce and Industry (LCCI) has called on the federal government saying that stronger commitment to key reforms can accelerate Nigeria’s economic recovery in 2021.
President, LCCI, Mrs Toki Mabogunje, stated this in…
President Buhari directs release of statutory funds to NASENI
Nigeria's President Muhammadu Buhari has directed the Minister of Finance Budget and National Planning, Mrs Zainab Ahmed and the Federal Inland Revenue Service (FIRS) to release statutory funds due to the National Agency for Science and…
Forensic audit ongoing on data price deflation – NCC Boss
The Executive Vice-Chairman of the Nigerian Communications Commission (NCC), Professor Umar Danbatta has revealed the ongoing forensic audit on data price deflation in the country.
Professor Danbatta disclosed this at an award…
CBN’s Monetary Policy Committee meets, retains 11.5% MPR
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), the country's apex bank, on 25th and 26th January convened its first statutory meeting for the year 2021 in Abuja, the nation's capital.
It was on the backdrop of…
COVID-19: Aviation industry faces collapse
Due to the massive effects of Covid-19 pandemic on global aviation, there are indications that the future of the industry is uncertain.
Speaking on this development, the President of Aviation Round Table, Elder Gbenga Olowo expressed…
Global FDI falls in 2020, Nigeria earns $2.6bn- UNCTAD
The United Nations Conference on Trade and Development (UNCTAD) has revealed that global foreign direct investment (FDI) collapsed in 2020, falling 42% from $1.5 trillion in 2019 to an estimated $859 billion, with Nigeria earning…
India imposes permanent ban on TikTok, 58 other Chinese apps
India’s Ministry of Electronics and Information Technology has issued fresh notices to make permanent a ban imposed on video app TikTok and 58 other Chinese apps in June, according to Indian media reports.
When it first imposed the ban,…