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NIGERIAN ECONOMY
According to the GDP report, the telecommunication sector grew by 18.1% in real terms during the second quarter of 2020.
Zainab Ahmed admitted that the crash in crude prices would negatively affect the country’s revenue and foreign exchange earnings.
The Nigerian economy, which had hitherto been fragile, has been badly hit by the impact of the lockdown resulting from the coronavirus outbreak.
Federal Government launched a new National Broadband Plan for 2020-2025 to promote the dynamics of the Nigerian Digital Economy.
Based on the terms of the Rapid Financing Instrument, Nigeria is expected to pay back the loan between within 3¼ to 5 years.
Investors’ pessimism has taken over and people are selling off due to uncertainty of where the world is going.
Governor of Central Bank of Nigeria (CBN), Godwin Emefiele has listed eight things that would transform the Nigerian economy.
Nigeria is currently fighting on many fronts, battered by the sudden plunge in oil prices and the global economic slowdown resulting from the COVID-19 pandemic.
PwC Nigeria’s Chief Economist, Dr Andrew S. Nevin, believes the Nigerian Government needs to provide more economic stimulus to manufacturers in order to cushion the adverse effects of the Coronavirus pandemic.
The Nigerian Economic Summit Group said the Government needs to develop some short-term reforms and take actions to reduce the impact of the Coronavirus pandemic on the Nigerian economy.
IMF considering a massive bailout that could help save Nigeria from a major economic crisis.
The global spread of COVID-19 and fear of another surge later in the year could limit travel plans for dollar-hungry Nigerians, easing pressure on the already troubled naira.