Nigerian Economy Latest News Today
Amid the Covid-19 pandemic, the federal government has banned the purchase of officials vehicles, except for ambulances, fire-fighting vehicles and others.
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.
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.
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.
Some of the items distributed included rice seedlings, pressure sprayers, fertilizers, herbicides and Personal Protective Equipment for farmers in the state.
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.