The Nigerian Extractive Industries Transparency Initiative (NEITI) says the Federation Accounts Allocation Committee (FAAC) disbursed N1.95 trillion to the federal, state, local…
Economy
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Due to the COVID-19 Pandemic, the African Export-Import Bank (Afreximbank) has made the decision to cancel the series of events which were…
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The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has assured investors of the security of their investments in the country…
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Zambia has applied to the International Monetary Fund (IMF) for a COVID-19-related rapid credit facility as it starts the process of shortlisting…
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EconomyNews
Chida hotel refused Nigerians evacuated from abroad as owner, family take residence in the hotel
Chida Hotel has refused to accommodate Nigerians evacuated from abroad as earlier agreed because the owner has moved into the hotel with…
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The United States of America has pointed Nigeria to another $319 million stolen by Abacha family from the nation’s treasury. US Embassy…
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The coronavirus pandemic destroyed 20.5 million U.S. jobs in April, driving the unemployment rate to a post Word War Two high of…
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International Monetary Fund IMF has said that over 100 countries Nigeria inclusive have reached out to the IMF for help to fight…
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Nigerian conglomerate UAC plans to complete an unbundling of its majority stake in its loss-making property arm UPDC by July, subject to…
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United Nations Economic Commission for Africa (UNECA), says African economy will lose $65 billion in full lockdown of the continent due to…
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EconomyFinanceNews
Techniques used by organised crime groups, fraudsters becoming more diverse and sophisticated
Refinitiv has said in its research findings that the technique used by organised crime and fraudsters in sub-Saharan Africa is becoming more…
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Ecobank Nigeria has encouraged its customers to obey the COVID-19 rules, emphasising the importance of social distancing to check the spread of…
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EconomyFinanceNews
IMF disbursed $3.4bn to Nigeria at 1% interest rate, urges citizens to ask how money is spent
Managing Director International Monetary Fund IMF, Kristalina Georgieva, said that the Fund has already disbursed the $3.4 billion to Nigeria and that…
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Nigeria Customs Service Apapa Area Command, generated N39.877 billion in the month of April, Mrs Nkeiruka Nwala, the command’s spokes person says.…
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BusinessEconomyNews
Aviation stakeholders laud FG’s proposed bailout, seek resumption of local flights
Some aviation stakeholders have commended the Federal Government for its planned bailout to the sector to mitigate the effects of the COVID-19…