COVID-19: IMF Offers $50bn To Poor Countries   The International Monetary Fund says it is providing about $50bn through its rapid-disbursing emergency financing facilities for low income and emerging market countries that could potentially seek support. The Managing Director, IMF, Kristalina Georgieva, said this during the...

Reps Investigate N4bn Demurrage On NIMASA’s N50bn Floating Dock   The House of Representatives on Wednesday resolved to investigate payment of $30,000 daily or N4bn annually as demurrage on a floating dock acquired by the Nigerian Maritime Administration and Safety Agency for N50bn. The House urged the...

In Three Years, Insurance Sector Records N2.83trn Investments   The insurance sector recorded a total investment of N2.83tn between the 2017 and 2019 financial period. Statistics obtained from the National Insurance Commission on Tuesday showed that the total investment rose from N700.79bn and N1.007tn in 2017 and...

Manufacturing Output Rose By N4.33trn To N16.7trn   Within a one-year period covering January to December 2019, the total monetary value of the manufacturing sector’s output rose by N4.33tn to N16.78tn. An analysis of the Gross Domestic Product report from the National Bureau of Statistics showed that...

Fed Govt, Japan Sign $18.2m Pact On Disease Control     The Federal Government and the government of Japan have signed an $18.2m grant agreement to strengthen the capacity of network laboratories of the Nigeria Centre for Disease Control. The move,according to a statement from the Ministry of...

NIRSAL Grows Seed Fund To N900bn     Nigerian Incentive based Risk Sharing System for Agricultural Lending (NIRSAL), has grown its seed fund to nearly N900billion from N720billion at inception in 2013, the Managing Director and Chief Executive Officer, Aliyu Adulhameed has said. NIRSAL was established to de-risk...