Economy

By Omoh Gabriel The International Monetary Fund IMF, has said that the near-term economic impact of COVID-19 on Nigeria is expected to…

The planned launch of Africa Free Trade agreement for July !, 2020 has suffered a set back as organisers are forced to…

Federal Government has turned to the Nigerian domestic market to source the sum of N850 million to finance the 2020 budget just…

The International Labour Organisation (ILO) has urged governments to protect workers after the ease of their lockdowns to prevent and control COVID-19…

NLC has urged federal and state governments to neither stop nor deduct workers’ salaries amidst the fight against COVID-19 pandemic. The Nigeria…

World Economic Forum WEF, has said that the pressure created by the COVID-19 outbreak on global trade systems highlights an urgent need…

Germany provides an additional €5.5 million (c. 2,2 B Naira) to the Nigeria Humanitarian Fund (NHF) managed by the United Nations (OCHA)…

From left: Chairman, FCMB Group Plc, Mr. Oladipupo Jadesimi; Company Secretary/General Counsel, Mrs. Funmi Adedibu and Group Chief Executive, Mr. Ladi Balogun.…

Indication are that the Central Bank of Nigeria has lifted its hold on interbank cheques clearing. This indication emerged from the Secretary…

The coronavirus pandemic and its devastating economic impact on developing countries could fuel fresh interest in so-called diaspora bonds that allow migrants…

Despite the supply chain constraints involved in simultaneous nationwide delivery and distribution of medical items at this period, the Nigerian National Petroleum…

Ecobank Nigeria has donated fooditems to several state governments across the country as contribution to various initiatives aimed at cushioning the effect of the current lockdown on citizens. These palliatives are targeted at the most vulnerable members of the society who have been the hardest hit economically as a result of the current crises. Speaking in Lagos, Executive Director Commercial Banking, Ecobank Nigeria, Carol Oyedeji said this action would also go a long way in supporting members of the community who earn a daily wage and may not have the opportunity of working under the present environment. She noted that the donations are part of the bank’s Corporate Social Responsibility (CSR) and focused on providing support as best as possible.  She remarked that “as a bank we give strong priority to people’s welfare. We are determined to assist ordinary Nigerians during the current difficulties and this is one of the ways we are achieving this. We are also offering concessions to our SME Lending customers at this time given the strain on their cashflows and creating ease for the general public to transact digitally while at home”. Ecobank Group has so far contributed over US$3 million to the fight against COVID-19 across its footprint in Africa in line with the Bank’s commitment to the Region. The Institution is supporting governments, the World Health Organization (WHO) and partnering with private sector operators to alleviate the effect of the pandemic on citizens.  These have been in the form of cash, healthcare equipment, donation of supplies, awareness campaigns while also using digital platform to provide funds to beneficiaries of various funds being distributed. The Bank is particularly mindful of the needs of its communities and remains committed to providing the appropriate support required.

The International Monetary Fund on Friday said it would meet on April 28 to consider Nigeria’s request for $3.4 billion in emergency…

The Nigeria Labour Congress (NLC) says it opposes  the use of contributory pension as palliatives for workers as part of effort to…