COVID-19 Raises Nigeria’s Mobile Banking To N16trn – IMF
The value of mobile money transactions increased to 9.72 per cent of Nigeria’s Gross Domestic Product in 2020 as the COVID-19 pandemic lockdowns pushed more people to Internal banking and other digital transaction.
However, the number of...
MAMA Centre Secures N500, 000 FG-CBN Covid-19 facility For Dozens Rightholders
The Mothers And Marginalised Advocacy Centre (MAMA Centre) has secured N500,000 worth Federal Government(FG)/Central Bank of Nigeria (CBN) Covid-19 facility for each of her dozens rightholders across Nigeria.
The FG-CBN supported facility obtained through NIRSAL...
264m In Nigeria, Others Undernourished - IMF
The International Monetary Fund on Tuesday said the COVID-19 pandemic had led to a 20 per cent increase in the number of undernourished persons in Nigeria and other Sub-Saharan African countries to 264 million in 2020.
The Deputy Managing...
COVID-19 Pushes Global Debt To $256trn – IMF
The COVID-19 pandemic pushed global debt to a record $255 trillion in 2020, according to the International Monetary Fund (IMF).
The Director, Fiscal Affairs Department of the Fund, Mr. Victor Gaspar, disclosed this during a virtual press conference,...
Nigeria, Others Piled Up $860bn Debts In 2020 - W/Bank
Low income countries, including Nigeria, piled up a debt of $860 billion last year, following COVID-19 outbreak, the World Bank has said.
In a report, the World bank said: “Governments around the world responded to the...
COVID-19: World Bank Okays $11.5bn For Nigeria, Others
The World Bank has said it approved $11.5bn in lending to Western and Central African countries for 98 operations.
The World Bank said this in its ‘Annual Report 2021: From crisis to green, resilient, and inclusive recovery’.
The bank...
