Global remittances are projected to decline sharply by about 20 percent in 2020 due to the economic crisis induced by the COVID-19…
Economy
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EconomyFinanceNews
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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EconomyFinanceNews
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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BusinessEconomyNews
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…
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AgricultureBusinessEconomy
Nigeria to lose $160m non oil export of cocoa, cashew, Sesame seeds to COVID-19
Indications are that Nigeria will lose over $160 million from cocoa and cashew exports in 2020. Non oil exports such as Cocoa,…
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Standard Organisation of Nigeria SON has said that in furtherance of National efforts at tackling the coronavirus pandemic in Nigeria, it has…
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EconomyFinanceNews
African Development Bank denies claims it plans to provide financial support to East African Crude Oil Pipeline Project
African Development Bank has denied claims that the institution plans to provide financial support to the East African Crude Oil Pipeline Project.…
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Lagos Chamber of Commerce and Industry (LCCI) has tasked the Nigerian National Petroleum Corporation (NNPC) on legal backing to consummate its process…
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South African Airways (SAA) is offering severance packages to its entire workforce of around 5,000 workers, a proposal by the airline’s administrators…
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EconomyFinanceNews
IMF/WB Development Committee backs G20 debt service suspension initiative, Nigeria makes case for IDA
Minister of finance Zainab Ahmed said a debt relief agreement reached at the ongoing IMF/World Bank Group virtual Spring Meetings to help…