African Carriers Record 6.2% Freight Spike Amid Global Slump     Amid the global disruption in air movement, African airlines have sustained a positive air cargo volume and an increase in demand ahead of other regions. The estimate for the month of February – the onset of the...

Debt Service To Revenue Ratio Rises To 48%     The revision of the 2020 revenue framework has raised the Federal Government’s debt service to revenue ratio from the initial 29 per cent to 48 per cent. The Executive last Wednesday sent a revised 2020 budget proposal to...

COVID-19: Of Chinese Experts, Encouraging Recovery Data, and Breakthrough Therapies By Yushau A. Shuaib The controversy over the arrival of Chinese medical experts in Nigeria is needless, going by an official statement from China Civil Engineering Construction Corporation (‘CCECC’), which sponsored the trip of the medical...

Nigeria Risks Loss Of N2.27trn Trade, Increased Unemployment   Nigeria may go into economic recession if the coronavirus pandemic persists for months and with the potential loss of N2.27 trillion worth of trade and significant job losses across sectors. Verraki Partners, a business solutions company for Africa,...

Coronavirus Plunges World Economy Into Brutal Recession Measures imposed to slow the spread of the coronavirus are pushing the world economy into a recession deeper and more painful than initially expected, even if a rebound is still on the cards for next year. A week before...

AfDB Offers Nigeria, Others $10bn Facility     The African Development Bank Group on Wednesday said it had created a COVID-19 response facility up to $10bn to assist regional member countries in fighting the pandemic. It said the facility was the latest measure taken by the bank to...