Economy May Experience Another Recession, CBN Warns

The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday warned that weak economic fundamentals currently being shown by the economy were putting the country’s exit from recession under threat. The Nigerian economy exited recession in 2017 after suffering contraction for five consecutive quarters. According to Punch Report, the CBN Governor, Mr Godwin Emefiele, said the economy had started showing signs of weakness. He stated this after addressing journalists shortly after the two-day meeting of the MPC members held at the headquarters of the apex bank. The CBN governor said the committee was concerned that there was a fresh

By |September 26th, 2018|Categories: News|Tags: , |0 Comments
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