COVID-19: AfDB Forecast $88.3bn Drop In Africa’s GDP     The African Development Bank (AfDB) has projected that the ongoing Coronavirus (COVID-19) pandemic ravaging economies globally could cause Africa’s Gross Domestic Product (GDP) to drop by between $22.1billion and $88.3billion. According to the Bank, before the advent of...

Fed Govt received N1.68bn For COVID-19 Battle     The Federal Government on Monday announced that a total of N1,689,757,489.87 was received as COVID-19 eradication support donations from April 1 to May 31. It said the funds were received through designated commercial bank accounts and the Central Bank...

With More Transparency, Nigeria Recovers $3bn from Oil Sector - W/Bank     The World Bank and the Extractive Industries Transparency Initiative (EITI), the global standard for the promotion of openness in the oil, gas and mineral resources management, have said Nigeria has so far recovered about...

Nigeria’s Collective Investment Funds Rise To N1.32trn     Total net asset of collective investment schemes and funds in Nigeria has risen to N1.322 trillion, according to latest records provided by Nigeria’s apex capital market regulator, Securities and Exchange Commission (SEC). Latest reports on collective investment schemes (CIS)...

COVID-19: Insurers Lose $500m Aviation Business   Insurance firms have lost $500 million or N1.88 billion in aviation business, The Nation has learnt. This loss is a fallout of the closure of the airspace to commercial flights by the Federal Government following the outbreak of Covid-19 pandemic. Former...

Nigeria Exported N32bn Worth Of Electricity In 2019 — NERC     The Republics of Togo, Niger and Benin received a total invoice of N32.04bn for the electricity supplied to them from Nigeria in 2019, data from the Nigerian Electricity Regulatory Commission have shown. Nigeria, through some of...