The Lagos State Government said it has shortlisted 10 firms out of the 32 eligible companies that responded to the call for Expression…
Economy
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International Monetary Fund IMF and World Trade Organisation have said that open trade policies is what is needed to defeat coronavirus. The…
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The ongoing efforts by the Nigerian National Petroleum Corporation (NNPC)-led Oil and Gas Sector coalition against COVID-19 was bolstered Thursday in Lagos…
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EconomyFinanceNews
“We estimate that COVID-19 could push 49 million people into extreme poverty in 2020”—WB
World Bank Group has said that COVID-19 pandemic could push 49 million people into poverty in 2020. The Bank in a report…
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Vice President Yemi Osinbajo at the Presidential Villa, Abuja, presided over the meeting of the Economic Sustainability Committee (ESC) set up to…
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The African Export-Import Bank (Afreximbank) has set up a $3-million grant to complement continental efforts to combat the COVID-19 pandemic. Afreximbank President…
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The Federation Accounts Allocation Committee (FAAC) has shared a total of N780.926 billion as Federation Account revenue for March 2020 to the…
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Global remittances are projected to decline sharply by about 20 percent in 2020 due to the economic crisis induced by the COVID-19…
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FinanceEconomyNews
IMF sets up COVID-19 short-term liquidity line to enhance adequacy of global financial safety net
IMF Executive Board said it has set up Covid-19 short term liquidity line to enhance the adequacy of global financial safety net.…
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Nigeria’s inflation rate for March 2020 rose marginally by 0.06 percent higher than the 12.20 per cent rate recorded in February. The…
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EconomyNewsStock Market
SEC, others launch N1bn funding initiative to support COVID-19 war in Nigeria
The capital market community led by the Securities and Exchange Commission (SEC) has launched a funding initiative with the aim of raising…
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FinanceEconomyNews
Ecobank’s Support will help cushion Effects of the Lockdown Lagosians – Babajide Sanwo- Olu
The Lagos State Governor, Babajide Sanwo- Olu has commended Ecobank Nigeria for donating food items to support the state government’s relief efforts…
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Global Forwarding has launched a dedicated 100-tonne weekly air freight service for organisations and governments shipping goods from China to Africa and…
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EconomyBusinessNews
COVID 19: DICON Produces Low Cost Ventilators, PPEs and High Quality Sanitisers to curtail Pandemic.
The Defence Industries Corporation of Nigeria, DICON has produced a low cost mechanical ventilator ‘DICOVENT’, capable of using electricity and rechargeable batteries…
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BusinessEconomynew
US restaurant industry asks Congress for $240bn in federal aid to survive coronavirus
The leading restaurant lobby on Monday asked Congress for $240 billion in federal aid, saying the industry has suffered more than any…