At the backdrop of consistent positive figures reported on Nigeria’s macroeconomic indicators in the past one year, the Nigeria Employers’ Consultative Association, NECA, has indicated that their findings reveal continued adversity for both individuals and businesses in the country. They attributed the situation to misalignment of fiscal policy of the federal government where the bulk […]
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The Monetary Policy Committee of the Central Bank of Nigeria has said the stability of the banking sector is key to economic recovery. In a communiqué of the MPC meeting held on May 21 and 22, with the personal statements of members and the decision of the MPC, which were released on Wednesday, the committee […]
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Russia’s economic recovery is increasingly driven by domestic demand, President Vladimir Putin said on Thursday. Speaking at an annual press conference, Putin said the economy has overcome two major shocks: a drop in oil prices and Western sanctions. Economic growth is now supported by a recovery in industrial output and Russia’s thriving agriculture sector that […]
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Nigeria’s Vice-President Yemi Osinbajo says from credible, independent and third party evidence, Nigeria is on track to economic recovery. He said this on Tuesday shortly before inaugurating a 300 million litres capacity tank farm built by Petrolex Oil and Gas in Ibefun, Odogbolu Local Government Area of Ogun State. The ultra-modern oil city is being […]
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