Category: Economy

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Nigeria, Angola, May Lose $65bn Oil Income To Covid-19, Says AU Study

Nigeria, Angola, May Lose $65bn Oil Income To Covid-19, Says AU Study

These are indeed troubled times for the African economy in the aftermath of the Coronavirus pandemic now ravaging the globe, according to a study by t...
FG Urges N’Assembly To Approve N500bn COVID-19 Intervention Fund

FG Urges N’Assembly To Approve N500bn COVID-19 Intervention Fund

Senior officials of Nigeria’s Ministry of Finance, Budget and National Planning, led by the Minister, Mrs. Zainab Ahmed on Saturday met with the leade...
Private Sector Contributions To COVID-19 Relief Fund Rises To N19.5bn

Private Sector Contributions To COVID-19 Relief Fund Rises To N19.5bn

The Central Bank of Nigeria (CBN), on Friday, April 3, 2020, put total monetary contributions to the account set up under the auspices of the Private ...

Osinbajo Seeks Bold, Radical Plan To Sustain Nigeria’s Economy, As Oil Hits $16.8/pb

•As Oil Falls To Nigeria’s Vice President Yemi Osinbajo, on Thursday in Abuja said the country is in need of bold, radical and that the people can ...
Private Sector Contributions To COVID-19 Relief Fund Hit N15bn

Private Sector Contributions To COVID-19 Relief Fund Hit N15bn

The Central Bank of Nigeria (CBN), on Wednesday, put total monetary contributions to the account set up under the auspices of the Private Sector Coali...
Buhari Approves Skeletal Services By Banks, Others, Ahead Of Lock down

Buhari Approves Skeletal Services By Banks, Others, Ahead Of Lock down

Perhaps swayed by the telling implications of the restrictions of movement in Lagos, the nation’s commercial and economic nerve centre; neighbouring O...
Fund, Portfolio Managers To Submit Quarterly, Annual Reports- Draft SEC Rule

Fund, Portfolio Managers To Submit Quarterly, Annual Reports- Draft SEC Rule

Nigeria’s Securities & Exchange Commission (SEC), last week published an exposure draft of its proposed rule on regulation of fund management products...
COVID 19: CBN Disinfects Offices, Urges Banks To Do Same

COVID 19: CBN Disinfects Offices, Urges Banks To Do Same

As the Federal Government, through the Federal Ministry of Health and the Nigeria Centre for Disease Control (NCDC), intensifies effort to check the s...
SEC Unveils Regulatory Framework For Crowd Funding In Nigeria

SEC Unveils Regulatory Framework For Crowd Funding In Nigeria

Conscious of the need to further deepen the nation’s capital market and enable it to provide development capital for Medium and Small-scale Enterprise...
Investors Swoop In On $3bn AfDB ‘Fight COVID-19’ Social Bond

Investors Swoop In On $3bn AfDB ‘Fight COVID-19’ Social Bond

The African Development Bank (AfDB), on Friday in Abidjan, Cote d’Ivoire, said it raised “an exceptional” $3bn bond to help alleviate the economic and...
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