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Nigeria: Economy Will Definitely Go Into Recession - Finance Minister
Premium Times, 21 May 2020
An assessment by the Nigeria Bureau of Statistics indicates that Nigeria's economy will go into a recession at an average of -4.4 per cent, the finance minister, Zainab Ahmed, has… Read more »
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Nigeria: Inflation Hits Two-Year High - - NBS
Premium Times, 21 May 2020
Nigeria's inflation rose in April to its highest in two years, amidst a coronavirus pandemic that has ravaged global economy. Read more »
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Nigeria: Govt Sets Up Committee to Evaluate Reopening Economy
Premium Times, 21 May 2020
The federal government on Thursday in Abuja set up a committee to consider the eventual reopening of the nation's economy. Read more »
Nigeria Needs to Support Economy to Avoid 'Depression'
Since the spread of the novel coronavirus worldwide, there has been a sharp drop in oil prices globally and as a result, Africa's biggest oil exporter has seen a sharp drop in its revenue. Nigeria also closed a large part of the economy to prevent the spread of COVID-19. All its airports are still closed except for essential flights, while businesses are only partially re-opened. Finance Minister Zainab Ahmed has said that the government is considering reopening the economy to prevent a depression.
InFocus
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A five-person presidential review committee, formed to study the impact of COVID-19 on the nation's economy, has proposed another adjustment to the 2020 Budget. The country has b Read more »
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At the daily Presidential Task Force COVID-19 briefing, federal government secretary Boss Mustapha said the extension would be effective until June 1, 2020. Abuja and Lagos and ... Read more »
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Nigeria's Senate has approved the U.S.$22.7 billion external loan proposal it received from President Muhammadu Buhari. The funds will be used to expand the railways, build a new ... Read more »
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Nigeria has been relying solely on crude oil as its major source of revenue. Now the government has said unfolding events of the past few months, the coronavirus pandemic and the Read more »
Minister of Budget & National Planning of Nigeria Zainab Ahmed during the 7th EITI Global Conference in Lima, Peru in 2016.
