Nigeria’s finance minister, Mrs. Zainab Ahmed, has warned that Nigeria may go into recession if the coronavirus (COVID-19) pandemic continues for the next couple of months. The minister who gave…
Read More Nigeria will go into recession if COVID-19 continues beyond xix months – Finance Minister
The coronavirus pandemic has driven the global economy into a downturn that will require massive funding to help developing nations, IMF chief Kristalina Georgieva said Friday. “It is clear that…
Read More COVID-19: We have entered recession – IMF chief
The Central Bank Of Nigeria on Thursday said its offices will remain open for business as the country battles to control the spread of the coronavirus. In a statement by…
Read More CBN to remain open while COVID-19 lasts
United Bank for Africa Plc (UBA) today announced a donation of over 5 billion Naira (USD14 million), through the UBA Foundation, to catalyse a comprehensive pan-African response to the fight…
Read More UBA provides N5 billion ($14 million) for COVID-19 relief support across Africa
The monetary policy committee of the Central Bank of Nigeria (CBN) on Tuesday unanimously voted to let the monetary policy rate remain at 13.5%. Making the announcement after the two-day…
Read More UPDATED: CBN retains MPR at 13.5%