Eleven Banks Paid N8bn IT Levy In 2019     Eleven Nigerian banks paid about N8.08bn Information Technology-related levies to the government in 2019, the audited financial reports of the banks have shown. Analyses of the financial reports indicated that this is a reduction of N381.12m over the...

JAMB Remits N7bn To Federal Government     The Joint Admissions and Matriculation Board (JAMB) has returned N3.5billion to the Federation Account from the excess generated from its operations during the conduct of 2020 Unified Tertiary Matriculation Examination (UTME). It said that it had returned N3.5billion to the...

COVID-19: AfDB Okays $10bn For Public, Private Sectors   The African Development Bank The African Development Bank (AfDB) says it will provide $10 billion in 2020 to help African countries and their private sectors to respond to the COVID-19 crisis through its COVID-19 response facility (CRF). The...

Germany Grants Nigeria N8.9bn Debt Relief   The Republic of Germany said it had granted Nigeria debt relief amounting to N8.9bn (€22.4m) on account of the coronavirus pandemic. Also, the German government said it had successfully campaigned for the G20, the Paris Club and creditor countries in...

COVID-19: Private Sector Donations Hit N27.16bn   Total funds raised by the Private Sector Coalition Against COVID-19 rose to N27.16bn as of the end of April 23, 2020. The Director, Corporate Communications, Central Bank of Nigeria, Isaac Okorafor, disclosed this in a statement on Tuesday. The statement revealed...

Afreximbank Unveils $3m COVID-19 Grant For African Countries   The African Export-Import Bank (Afreximbank) has announced a $3 million grant to complement efforts to combat the COVID-19 pandemic across African countries. Afreximbank President, Prof. Benedict Oramah, who made the announcement in Cairo, recently, said the fund was...