Emirates Airline Incurs $5.5bn Loss       Emirates Airline plunged into a $5.5 billion annual loss — its first in more than three decades — after the coronavirus pandemic devastated the aviation industry. The last time the airline reported a loss was in the 1987-88 financial year, when...

Despite COVID-19, Africa Records $80bn Diaspora Remittances       Diaspora remittances to Africa as a whole have increased to over $80 billion despite the COVID-19 impact on economies worldwide, and against the backdrop of a fall in remittances worldwide. However, remittances to Nigeria dropped by 27.7 percent in...

FG Okays N14.8bn Workers’ Insurance Cover, COVID-19 Oxygen Plants         The Federal Executive Council presided over by President Muhammadu Buhari has approved the disbursement of N9.2bn as premium for insurance companies who will manage group life insurance coverage for federal civil servants. The Minister of Information and...

N97.5bn Healthcare Intervention Funds Disbursed - CBN       The Central Bank of Nigeria says it has disbursed N97.4bn out of the N100bn credit intervention for the healthcare industry. The CBN disclosed this in the communique issued after the Monetary Policy Committee meeting on Tuesday. It said the intervention...

In Three Months, 12 Nigerian Banks Lend Customers N690bn       The combined loan portfolio of 12 commercial banks in Nigeria rose by N690bn in the first three months of this year, data collated from their unaudited financial statements show. The loans and advances to their customers grew...

Govs Fret As CBN Insists Budget Support Repayment Starts May       State governors again on Thursday requested that the repayment of their loans, especially the budget support, which ought to start this month be deferred. But the Governor of the Central Bank of Nigeria, Godwin Emefiele, emphasised...