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 Prof. Benedict Oramah, who...
The Federation Accounts Allocation Committee (FAAC) has shared a total of N780.926 billion as Federation Account revenue for March 2020 to the Federal, States and Local...
Global remittances are projected to decline sharply by about 20 percent in 2020 due to the economic crisis induced by the COVID-19 pandemic and shutdown. The...
IMF Executive Board said it has set up Covid-19 short term liquidity line to enhance the adequacy of global financial safety net. In a statement the...
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 National Bureau of Statistics...
The capital market community led by the Securities and Exchange Commission (SEC) has launched a funding initiative with the aim of raising N1 billion to support...
The Lagos State Governor, Babajide Sanwo- Olu has commended Ecobank Nigeria for donating food items to support the state government’s relief efforts to mitigate the effects...
Global Forwarding has launched a dedicated 100-tonne weekly air freight service for organisations and governments shipping goods from China to Africa and Middle East. Capitalising on...
The Defence Industries Corporation of Nigeria, DICON has produced a low cost mechanical ventilator ‘DICOVENT’, capable of using electricity and rechargeable batteries to help in treatment...
The leading restaurant lobby on Monday asked Congress for $240 billion in federal aid, saying the industry has suffered more than any other and needs a...
Indications are that Nigeria will lose over $160 million from cocoa and cashew exports in 2020. Non oil exports such as Cocoa, Sesame and Cashew are...
Standard Organisation of Nigeria SON has said that in furtherance of National efforts at tackling the coronavirus pandemic in Nigeria, it has undertaken a quality assurance...
African Development Bank has denied claims that the institution plans to provide financial support to the East African Crude Oil Pipeline Project. The Bank in a...
Lagos Chamber of Commerce and Industry (LCCI) has tasked the Nigerian National Petroleum Corporation (NNPC) on legal backing to consummate its process of reforming the petroleum...
South African Airways (SAA) is offering severance packages to its entire workforce of around 5,000 workers, a proposal by the airline’s administrators showed, after the government...