The recent economic statistics released by Bloomberg, a global financial data organisation to the effect that Nigeria’s economy has tremendously increased so much so that it has overtaken that of South Africa and now the largest in Africa, has engendered…
There are indications that hard times await Nigerians, especially civil servants working with state governments, as states may owe salaries in coming months. This was disclosed by the Kebbi State government when it lamented over the shortfall in the states`…
Like its counterpart in the United States, the Central Bank of Nigeria (CBN) is swiftly rolling out measures to help cushion the impact of the coronavirus pandemic on the nation’s economy, writes Emmanuel henry. With the coronavirus turmoil coupled with…
The Nigerian Stock Exchange (NSE) has joined the growing list of businesses being forced to shut down over fears of the coronavirus disease. This is as the NSE announced on Monday, March 23 that it will be suspending trading activities…
Recent global events appear to expose the limits of the market intelligence economists. They espouse free markets and no government interventions in the markets and the economy. They seem to take economic orthodoxy as an extreme ideology on the same…
On Friday, the Central Bank of Nigeria (CBN) ended all multiple foreign exchange (forex) rates in Nigeria and introduced a somewhat single exchange rate regime, apparently in a move to protect the naira from exchange rate depreciation as the COVID-19…
James Emejo assesses the recent responses by both fiscal and monetary authorities to the current threat posed by the outbreak and spread of the Covid-19 pandemic to the global and domestic economy No doubt, the recent outbreak of coronavirus (Covid-19)…
New Delhi: To combat the spread of Covid-19 outbreak, financial services providers have initiated proactive measures to ensure that critical services remain uninterrupted and have asked customers to prioritise the usage of digital mediums. SBI Card in a communication to…
At least 780,000 Ugandans may be pushed into poverty as the spread of coronavirus takes a toll on Uganda’s economy, according to government. Mr Matia Kasaija, the minister of Finance, Planning and Economic Development on Thursday told Parliament that the…
No economy is immune to a fast-spreading pathogen. But where activity is organized more formally, authorities can at least try to reach the pain points with liquidity, credit, tax rebates, salary supplements or rental discounts. None of this is easy…