Zainab Ahmed admitted that the crash in crude prices would negatively affect the country’s revenue and foreign exchange earnings.
Covid-19 impact on Nigerian businesses can be classified into 3 major channels and they are the supply channel, the demand channel and the financial channel.
Although there have been a few gainers, most companies have lost major earnings due to COVID-19.
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.
Bank of America (BofA) has projected that the global economy would shrink by 12% by the end of Second quarter of 2020.
Recession means that output produced in any economy declines, and there are several measures taken to buils a recesssion proof portfolio.
Nigeria may soon go into recession for second time under President Buhari.
Despite the reassuring GDP figures from the just released Q3 2017 report there are still palpable fears in the real estate sector of the economy. According...
A former Deputy Governor of the Central Bank of Nigeria (CBN) Prof. Kingsley Moghalu, has disclosed that the level of political interference in the operations of...
Hurray, we are finally out of recession. The NBS announced this morning that the economy grew by 0.55% year on year in the second quarter of...