17

Oct

CBN approves N2.1tn to support real sector

The Central Bank of Nigeria recently said that it has released N2.1 trillion to support the real sector of the economy. About 426 projects were funded across the country. The apex bank said it has also released N66.99 billion to 12 additional projects in manufacturing and agriculture. Under the ‘100 for 100 Policy’ on Production and Productivity […]

17

Oct

IMF projects 3% growth for Nigeria in 2023

The International Monetary Fund, in its latest economic outlook, has stated that Nigeria’s economic growth is expected to be 3.0% in 2023.  They added that global growth is forecast to slow from 6.0 percent in 2021 to 3.2 percent in 2022 and 2.7 percent in 2023, citing that it is the weakest growth profile since 2001 except[…]