International Monetary Fund
IMF increases Nigeria’s growth projection to 2.5 per cent
The International Monetary Fund (IMF) has praised Nigeria’s 2021 growth projection to 2.5 per cent. The new projection is 1.5 per cent point higher than January’s estimate
Bicameral legislature, presidential system and governance cost
COVID-19 is ravaging our land and destroying the economy. In the mean time, the economy is under-performing. The country has gradually continued to slip back.
The inevitability of fuel price increases
The Federal Government plans to increase fuel (PMS) prices in 2021. The plans are already in an advanced stage. In March 2020, the Federal Government asserted that it has deregulated the PMS market.
Experts list ways to tackle Nigeria's economic woes
Financial experts and other economic stakeholders have stressed the need for the government to create policies and implementation strategies to tackle the challenges posed...
Nigeria’s mono-economy conundrum
At a time when coronavirus no longer thundered from Wuhan but rumbled all over the continents, at a time when the world is awash with oil glut, and traders are quickly running out of places to put it
LCCI seeks compensation, compassion for looted businesses indebted to banks
• Expresses worry about the potential loss of jobs Grieved by the loss of lives, property, and livelihoods triggered by recent peaceful EndSARS protests, the Lagos Chamber of Commerce and Industry (LCCI), has urged banks to be compassionate to looted businesses that are indebted to them. Similarly, the Chamber asked for adequate compensation…
Why local businesses are adjusting prices of goods, services
Following the lockdown of socio-economic activities across the globe caused by the COVID-19 pandemic, public and private sector institutions, as predicted by the World Bank, World Economic Forum, and the International Monetary Fund (IMF) are now facing the prospect of harsh economic conditions and a recession that could lead to a business shutdown. After putting measures…
‘How intervention funds will cushion rate of recession, sustain productive momentum’
Business cycle is a feature of the economic growth process. Business cycles refer to fluctuations in output, which define whether an economy is in boom or burst.