STATE OF ECONOMY Archives

Efforts on economy’ll fail if interest rates remain high – Senate

June 14, 2017 0

The Senate on Tuesday stated that business enterprises could not survive under the current interest rates being charged by financial institutions, which range between 25 and 30 per cent. The legislature noted that the economy would not grow despite the current efforts by the Federal Government to revive it if the interest rates remained high. This was made known at …

Expert Says Nigeria Will get Out of Recession in 2018

October 14, 2016 0

Expert says Nigeria will get out of recession in 2018 A Lagos-based financial expert, Mr. Bismarck Rewane, on Friday expressed optimism that Nigeria would get out of recession by 2018 with the right economic policies. Rewane, also the Chief Executive Officer, Financial Derivatives Ltd., said this at the 2016 Independent Shareholders Association of Nigeria Triennial Delegates Conference/Gala Night in Lagos. …

COMMENTS ON THE STATE OF THE ECONOMY

August 28, 2016 0

COMMENTS ON THE STATE OF THE ECONOMY Perhaps the major challenge facing the Nigerian economy at this time is the inability to regain the confidence of investors, both local and foreign. Regrettably, the instability and inconsistency in the foreign exchange management policy have been complicating matters. The economy has a major structural defect of being heavily import dependent. This cannot …