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    Tinubu to swear in new ministers Monday, says Onanuga

    President Bola Tinubu will on Monday, November 4, 2024, swear in seven new ministers into his cabinet at the Council Chamber of the State...

    Femi Adebayo wins big, emerges best supporting actor at 20th AMAA

    Nollywood actor, Femi Adebayo, has emerged as the Best Actor in a Supporting Role for his historical thriller, “Jagun Jagun,” at the 20th Africa...

    SSANU, NASU vow to continue strike despite partial payment

    The Joint Action Committee of the Senior Staff Association of Nigerian Universities and Non-Academic Staff Union of Universities and Allied Institutions on Saturday revealed...

    People claiming to receive credit alerts from prayer should be arrested — Peter Obi

    The Labour Party’s 2023 presidential candidate, Peter Obi, has stated that anyone claiming to receive credit alerts through prayer should be investigated for potential...

    Nigeria’s economy’ll contract by 4.3% in 2020 – IMF

    The International Monetary Fund has projected that Nigeria’s economy will contract by 4.3 per cent in 2020. It disclosed this in its World Economic Outlook report for October 2020 which was released on Tuesday. The IMF had earlier April predicted a 3.4 per cent contraction of the economy. It also predicted 5.4 per cent contraction in June. It however projected that the economy would recover by 1.7 per cent in 2021.

    According to the report, global growth was projected to contract by 4.4 per cent in 2020, a less severe contraction than forecast in the June 2020 World Economic Outlook Update.

    The revision reflected better-than anticipated second quarter Gross Domestic Product outturns, mostly in advanced economies, where activity began to improve sooner than expected after lockdowns were scaled back in May and June, as well as indicators of a stronger recovery in the third quarter.

    It stated, “Global growth is projected at 5.2 per cent in 2021, a little lower than in the June 2020 WEO Update, reflecting the more moderate downturn projected for 2020 and consistent with expectations of persistent social distancing.

    “Following the contraction in 2020 and recovery in 2021, the level of global GDP in 2021 is expected to be a modest 0.6 per cent above that of 2019.

    Latest Posts

    Tinubu to swear in new ministers Monday, says Onanuga

    President Bola Tinubu will on Monday, November 4, 2024, swear in seven new ministers into his cabinet at the Council Chamber of the State...

    Femi Adebayo wins big, emerges best supporting actor at 20th AMAA

    Nollywood actor, Femi Adebayo, has emerged as the Best Actor in a Supporting Role for his historical thriller, “Jagun Jagun,” at the 20th Africa...

    SSANU, NASU vow to continue strike despite partial payment

    The Joint Action Committee of the Senior Staff Association of Nigerian Universities and Non-Academic Staff Union of Universities and Allied Institutions on Saturday revealed...

    People claiming to receive credit alerts from prayer should be arrested — Peter Obi

    The Labour Party’s 2023 presidential candidate, Peter Obi, has stated that anyone claiming to receive credit alerts through prayer should be investigated for potential...

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    Obi’s camp lobbied me before 2023 elections — Wike

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    Tinubu returns from two-week working leave

    President Bola Tinubu has returned to Abuja after a two-week working vacation in the United Kingdom and France. The A330 jet conveying Tinubu landed at...

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