Hash Economy

#COVID19: Skeletal Operations In The Financial System And Money Markets To Continue – CBN

by Chuks Azotanion March 30, 2020
The Central Bank of Nigeria has released a statement to assure the general public and all affected stakeholders that very skeletal operations in the Financial System and Money Markets will continue after obtaining permission from the president in light of his recent lockdown directives. The statement read: NOTICE TO AFFECTED STAKEHOLDERS AND GENERAL PUBLIC REGARDINGCOVID-19 […]

COVID-19: CBN To Create 50 Billion Naira Credit Facility To Boost Economy

by Jacinta Iroroon March 17, 2020
The Central Bank of Nigeria (CBN) in furtherance to it’s financial system stability mandate, announced a provision of 50-billion-naira credit facility to cushion the adverse effect of covid-19 on the economy. Governor of CBN, Mr Godwin Emefiele, made this announcement on Monday, during a press briefing, while presenting the bank’s policy measures to tackle the […]

IMF: How Nigeria’s economic recovery was exposed as a mirage

by Chuks Azotanion February 19, 2020
In a twist that further upset the already fragile optimism in the International Monetary Fund’s (IMF’s) weak economic growth projection for 2020, initially put at 2.5%, the IMF on Monday revised its earlier forecast to 2%. The new outlook was the culmination of the organisation’s Article IV Consultation to Nigeria, a 15-day economic dialogue tour, led […]