FBNQuest predicts weaker hit on Nigeria’s economy by COVID-19 than expected

June 25, 2020

An analysis by investment bankers, FBNQuest, is predicting a weaker hit on the Nigerian economy by the Covid-19 pandemic than has been predicted by different organisations and individuals. In the analysis written by Gregory Kronsten its head of macroeconomic and fixed income research, FBNQuest notes that “the impact of COVID-19 on output in Nigeria is […]

NIRC pushes for capacity building in integrated reporting in Nigeria

June 25, 2020

By Omobayo Azeez THE NIGERIAN INTEGRATED REPORTING COMMITTEE (NIRC) is on a mission to build capacity in integrated reporting in Nigeria, Innocent Okwuosa, the chairman of the committee has said. According to him, the future of reporting companies’ performances transcend financial reporting which only covers one out of six aspects of companies’ operation, and thus […]

Pension operators target widened pension coverage

June 25, 2020

Pension operators target widened pension coverage

By Omobayo Azeez   Pension Operators in Nigeria have unveiled plans to widen the coverage of the different pension schemes in the country, to bring more contributors into the security basket. The operators, under the aegis of Pension Fund Operators Association of Nigeria (PenOp), said they would do this by further engaging the government and […]

More worries for investors as stocks plunge by N49bn

June 25, 2020

More worries for investors as stocks plunge by N49bn

By Omobayo Azeez Weak sentiments continue to pervade the domestic bourse, as selloffs of large caps led the market to its fifth consecutive loss, largely driven by -10 per cent and -3.6 per cent losses in SEPLAT and Nigerian Breweries respectively. The All-Share Index dipped by 0.38 per cent to 24,655.05 points and consequently, the […]

Recession-prone Nigeria’s economy to decline by 5.4% –IMF

June 25, 2020

Amid the lull in the global economy occasioned by the Coronavirus pandemic, the International Monetary Fund has reversed Nigeria’s Nigeria’s 2020 growth projection, predicting that the economy will decline by 5.4 per cent. In the earlier projection made in April this year, the IMF made a projection of 3.4 percent fall in the country’s economy […]

Miners’ union to work with FG, agencies to tap solid minerals for GDP growth

Ben EguzozieJune 25, 2020

…inaugurates Rivers chapter Minerals sector workers under the Miners Association of Nigeria (MAN), Rivers state chapter say they are poised to collaborate with the Federal Government and relevant agencies to harness the solid minerals sector, considering the vast potentials of the sector to contribute to the nation’s gross domestic product (GDP). This is especially at […]

CBN uncovers plot to derail its economic development agenda

June 24, 2020

CBN releases guidelines to accessing non-interest youth agric loan

The Central Bank of Nigeria on Wednesday lamented the mischievous plot of some groups to derail its agenda of catalysing the development of the Nigerian economy. In spite of the saboteurs’ plot, the apex bank said it would not be deterred in its effort to steer the Nigerian economy away from the looming recession due […]

Nigeria external trade dips in Q1. suffers N125.77b trade deficit

June 24, 2020

Nigeria's population to exceed billion one mark, overtakes China’s by 2100 – Study

Nigeria’s external trade floundered during the first quarter of the year. The country suffered a trade deficit of N125.77billion during the period, according to the National Bureau of Statistics (NBS). Its report titled “Commodity price indices and terms of trade Q1” posted on its website on Wednesday, said Nigeria exported items worth N1.8trillion in the […]