Economy
Dramatic rise of cybersecurity risks from COVID-19 prompts action plan
World Economic Forum has reported that in a matter of weeks, the pandemic forced the global economy and society, organisations and individuals…
Browsing: Economy
Economy
Economy
Nigeria attracted $5.85bn capital inflows in Q1 2020 –NBS
A total of $5.85 billion capital importation (inflows) came into Nigeria between January and March 2020, compared to $8.51 billion in first…
Economy
US targets removal of Akinwumi Adesina as AfDB boss, calls for independent investigation
United States of America has rejected AfDB’s exoneration of Akinwumi Adesina, the bank’s president calling for an independent probe of allegation levelled…
Economy
MTN, Dangote most admired brands in Africa—Brand Africa
Brand Africa has named MTN and Dangote as the most admired African brands recalled spontaneously and when prompted, respectively. It said that…
Economy
African Risk Capacity beefs its operations with 2 new non-executive Directors
The African Risk Capacity Limited (ARC Ltd) has appointed two new Non-Executive Directors (NEDs), Mr Jurgen Meisch and Mr. Phillip Pettersen, to…
Economy
Global Finance names Ecobank most innovative Bank in Africa
Global Finance has named Ecobank as the most innovative bank in Africa. The announcement was made at the eighth Global Finance annual…
Economy
Nigeria’s GDP grows by 1.87% in Q1 2020
The National Bureau of Statistics (NBS) says the country’s Gross Domestic Product (GDP) grew by 1.87 per cent year-on-year in real terms…
Economy
World Bank to decide on Nigeria $1.5bn loan request in late July— Country Rep
The World Bank expects to make a decision in late July on a $1.5 billion loan to support Nigeria as it fights…
Economy
World Bank Group says 100 countries get support in response to COVID-19
The World Bank Group has said that its emergency operations to fight COVID-19, coronavirus, have reached 100 developing countries – home to…
Economy
Facebook expects half of its employees to work from home five to 10 years from now
Mark Zuckerberg says he expects about half of Facebook Inc.’s employees to work from home five to 10 years from now, but…
Economy
Obaseki to meet stakeholders on expansion of Edo Production Centre initiative
The Edo State Government has set modalities for the expansion of Edo Production Centre (EPC) initiative, an industrialisation programme that clusters Small…
Economy
Inflation rate surges to 12.34% as COVID lockdown bites
National Bureau of Statistic, NBS has said that the general rise in prices of goods and services in Nigeria has continued its…
Economy
Nigeria earned N940.9bn in 1st quarter 2020, excess crude account falls to $72.4m
The Honourable Minister of Finance, Budget and National Planning Mrs Zainab Ahmed has said that the net oil and gas revenue inflows…
Economy
Technology dependency: a growing threat of cyber-attacks worries global business leaders—WEF survey
World Economic Forum WEF, has said that as the COVID-19 crisis accelerates dependency on technologically-enabled economic processes, it is also exacerbating cyber-risks.…
Economy
World Bank approves $1bn funding for Kenya budget support
(Reuters) - The World Bank has approved a $1 billion loan for Kenya to help it close a gaping budget deficit and…