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Saturday, September 19, 2020

Using Genetically Modified Crops ‘Il help attain food security in Nigeria-Expert

By Sylvester Thompson Abuja, Sept. 9, 2020 Dr Rose Gidado, Country Coordinator, Open Forum on Agricultural Biotechnology (OFAB), says embracing Genetically Modified (GM) crops will help Nigeria attain food security and reposition its economy. Gidado, also Deputy Director, National Biotechnology Development Agency, said this in an...

COVID-19:Here’s what Nigeria need to do to short live economic recession- Expert

By Rukayat Moisemhe Lagos, Aug. 27, 2020 Mr Ayokunle Ayoko, Company Secretary at Berger Paints Nigeria Plc, has said that proactive government policies could curb economic recession arising from COVID-19 pandemic in the country. Ayoko made this known in an interview with newsmen in Lagos...

Analyst Predicts Increase in Construction Activities As Nigeria’s 2019 Elections Draw Closer

Nigeria’s GDP growth figures came in at 1.95% in the first quarter of 2018, slowing from 2.11% in Q4’17. Nigeria’s construction sector also showed the same trend in the quarter. The sector’s growth dipped into negative territory (-1.54%) in Q1’18, after a 4.14% growth...

High MPR, inflation rate and negative interest rates a threat to Nigeria’s economic growth

Nigeria's economic growth is still challenged with such high monetary policy rate, high inflation rate and negative interest rates. The recent initiative towards harmonization of fiscal, monetary and trade policies especially within the context of the economic recovery and growth plan will definitely help...

Nigeria needs to build strong institutions to drive economic growth — Rewane

Chief Executive Officer, Financial Derivatives Company Limited, Mr Bismarck Rewane, has emphasized the importance of building strong institutions if Nigeria must achieve the desired economic growth. Bismarck Rewane Rewane gave this insight as to the keynote speaker at the 2019 Time Management and Productivity/Nigeria’s...

Why CBN interventions fail to save Naira

Financial experts have diagnosed plausible reasons for the steady depreciation of the nation’s currency in spite of series of interventions by the Central Bank of Nigeria (CBN) in the foreign exchange market. The experts told the News Agency of Nigeria (NAN) on Wednesday in Lagos...

Analysts insists CBN must float naira to move Nigeria out of recession

Economic experts yesterday in Lagos insisted that the Central Bank of Nigeria (CBN) must float the naira to deliver the nation from the current economic quagmire, noting that the current policy of the apex bank on forex lack direction and does not boost confidence...

Recession: Nigeria’s GDP to grow by 0.6% in 2017 – Oscar Onyema

Mr Oscar Onyema, Nigeria Stock Exchange (NSE) Chief Executive Officer, has predicted that Nigeria’s economy would recover from recession in 2017 with a modest Gross Domestic Product (GDP) growth forecast of 0.6 per cent. Onyema stated this at the NSE 2016 Market Recap and Outlook...

Economic turnaround: What can Buhari’s ERGP do for Nigerians?

An Open Day, being organised by the Ministry of Budget & National Planning will tomorrow drop the curtain on the first phase of the Economic Recovery and Growth Plan (ERGP) Focus Labs. The ERGP is designed to restore the economy after the exit from...

Nigerian central bank head urges cooperation on monetary, fiscal policy

BUJA, March 19  - Nigeria's monetary and fiscal authorities must cooperate on their policies to help Africa's largest economy to develop, the central bank governor said, according to his spokesman. Central Bank Governor Godwin Emefiele made the comments at a two-day retreat for members of...
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