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economic crisis

EU ministers to discuss response to economic crisis caused by virus

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The EU’s economy and finance ministers plan to discuss in further detail measures to combat the economic crisis caused by the coronavirus pandemic on Thursday afternoon. The European Commission wants to give the ministers an assessment of how badly the pandemic has hit the European economy. In addition the finance ministers want to push ahead […]

MPC to FG: Reduce spending, save for rainy day

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Emefiele, Tinubu

…Takes pre-emptive measures to sustain economic growth …Retains MPR at 14% for 11 consecutive time, CRR at 22.5% The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has advised the Federal Government to take advantage of the increasing oil price at the international market to cut its excessive spending and save more […]