Besides the arbitrary official exchange rate, there exist(ed) autonomous exchange rate, interbank forex rate, wholesale Dutch auction system rate, retail Dutch auction system rate, etc, all of which are/ were artificial.
22 Feb 2021
As predicted, the economy has exited recession. But as expected also, at 0.11 per cent, the growth is fragile – a reason many economists have warned national economic managers to focus on the suggestions of the data than celebrating the exit.
18 Feb 2021
As of this writing, the spread of COVID-19 in many African countries has been more contained, and the death toll lower, than some had expected in 2020.
1 Feb 2021
The 2021 Budget took off on schedule, but necessary reforms were not simultaneously effected. Meanwhile, the economy is in recession while the country remains the poverty capital of the world to boot.
29 Aug 2020
In a bid to empower women through recovery from the effects of the Coronavirus pandemic in Nigeria, Karis and Eleos Hand of Hope Foundation has equipped 5000 women with relevant vocational skills and business training.
22 Jun 2020
A fresh international effort is now underway to give a major impetus to new global goal of protecting at least 30 per cent of the planet’s land and ocean by 2030.
3 Apr 2017
The fact that Nigeria’s economy is recession is obviously no longer a source of worry to both the government and the economic management team. More worrisome now is how to tackle the various challenges posed by the recession as well as how to manage the available resources, so that in no distant time, Nigeria will wriggle out of it, and continue to wax strong while retaining its position as the giant of Africa.
21 Mar 2017
Rules and standards of the profession must be observed to promote sound financial institutions that support and facilitate economic recovery, Lagos State Governor, Akinwunmi Ambode, has said.
16 Mar 2017
The recently released Economic Recovery and Growth Plan (ERGP) is a bold and ambitious medium term plan with many things to admire. The level of analysis is deep, scenarios are well developed and the targets are ambitious.
15 Mar 2017
Nigerians have been urged to put governments at all strata to task to enunciating the right policies as well as their implementation in order to restore confidence in the nation’s economy.