Tag: Economic Recovery
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New wave of COVID-19 cases threatens US economic recovery – IMF
The dominant risk to the US economic recovery is a resurgence of COVID-19 cases that would force renewed business shutdowns, the International Monetary Fund warned Friday. The US government will need to do more in the coming months to provide support to households and boost demand, as well as address worsening poverty and the shortcomings…
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COVID-19: World Bank to deploy $150bn for economic recovery
The World Bank Group President David Malpass in his remarks from the G20 Finance Ministers conference call on the COVID-19 pandemic said these are difficult times for all, especially for the poorest and most vulnerable. For the World Bank Group, he said the first goal is to provide prompt support during the crisis, based on…
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Gbajabiamila: Nigeria Looks to Marine Resources for Economic Recovery
As NIMASA hosts African Day of Seas and Oceans Forwards 6 international instruments on blue economy for ratification Nigeria’s rich maritime resources represent a vital economic safeguard and vehicle for the successful implementation of the President Muhammadu Buhari government’s Economic Recovery and Growth Plan (ERGP), which must be sustainably tapped, Speaker of the House of…
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How FG’s ban on 41 Items aided Nigeria’s economic recovery – Emefiele
Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has said the decision by federal government to restrict the importation of 41 items has led to the recovery of the nation’s economy from recession it slipped into in the second quarter of 2016. Speaking at the recently held 53rd annual bankers’ dinner organised…
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Nigeria’s economic recovery still challenging – IMF
The International Monetary Fund (IMF) says Nigeria’s economic outlook for 2018 remains challenging as private sector lending remains low and foreign exchange inflows are mostly short-term. IMF in a statement issued in Washington on Friday by Lucie Fouda, the Fund’s Press Officer, said higher oil prices and portfolio flows had helped strengthen fiscal and external…
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Nigerians should shun speculations, stand with Buhari, focus on economic recovery – Tinubu
All Progressives Congress, APC, leader, Asiwaju Bola Tinubu, has dismissed apprehensions about the health of President Muhammadu Buhari and warned against mutterings he claims could lead to the derailment of the President’s progressive agenda. Tinubu in a statement, yesterday, affirmed that the country was in good shape as he charged anxious Nigerians to trust the…
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Strict foreign exchange policy hindering Nigeria’s economic recovery – World Bank
The World Bank has said that the Central Bank of Nigeria’s restrictions on access to foreign exchange is responsible for the country’s slow economic recovery. The World Bank, in the latest Africa Pulse report, a biannual analysis of African economies published on Wednesday in Washington DC, looked at the challenges to retaining growth in an…
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Pray for quick economic recovery in 2017 – Ekweremadu urges Nigerians
The Deputy President of the Senate, Senator Ike Ekweremadu, has urged Nigerians to pray for the quick recovery of the nation’s economy in the New Year. This is contained in a statement signed by his Special Adviser on Media, Mr Uche Anichukwu, in Abuja on Saturday. Ekweremadu, who expressed concern over the current economic hardship…