Nigerian Economy Latest News Today

Coronavirus: Purchase of official vehicles banned by FG to cut spending

Amid the Covid-19 pandemic, the federal government has banned the purchase of officials vehicles, except for ambulances, fire-fighting vehicles and others.

Nigeria faces worst recession in four decades - World Bank says, recommends 5 solutions (list)

The World Bank has revealed two key factors that may plunge Nigeria into a severe economic recession the worst since the 1980s: Covid-19 and drop in oil prices.

COVID-19: Niger state govt reduces tax payments for residents

The Niger government has approved the reduction of tax payments in the state as part of measures to cushion the economic impact of coronavirus on residents.

COVID-19: FEC approves N2.3 trillion stimulus package

The Federal Executive Council (FEC) has approved N2.3trillion as a stimulus plan to support the Nigerian economy as the country continues to battle coronavirus.

Kogi state govt distributes agro-inputs worth N633million for 698 farmers

Some of the items distributed included rice seedlings, pressure sprayers, fertilizers, herbicides and Personal Protective Equipment for farmers in the state.

Over one million farmers to benefit as CBN unveils plan to disburse N432bn non-interest loans

The CBN is reportedly set to disburse N432b non-interest loans to over one million farmers across the country to boost the nation's agricultural development.