W/Bank Says COVID-19 Pushed 100m People Into Extreme Poverty           The World Bank Group has called on lower-income countries to prioritise concessional financing and avoid the high interest rate financing that has become increasingly problematic. According to a statement issued by the Word Bank Group President, David...

COVID-19 Crashed Airports’ Revenue To 3% – FAAN             The outbreak of the COVID-19 pandemic led to the crash of airports revenue to as low as three per cent, the Federal Airports Authority of Nigeria stated on Thursday. Managing Director, FAAN, Capt. Rabiu Yadudu, stated this while...

'How Nigerian Businesses Fared During 2020 COVID-19 Pandemic'           Not less than 20 percent of full-time workforce in Nigeria lost employment during the COVID-19 pandemic in 2020, according to a new report jointly released by the United Nations Development Programme and the National Bureau of Statistics. The...

OPEC+ Maintains 400,000bpd Monthly Oil Output Increase       The Organisation of the Petroleum Exporting Countries and its allies, on Wednesday, agreed to stick to their existing plan for gradual monthly oil production increases. OPEC and non-OPEC ministers ratified the 400,000 barrel-per-day supply hike scheduled for October after...

We Spent N1.5trn On COVID-19 Management, Says Fed Govt       The federal government yesterday revealed that it spent over N1.5 trillion in managing the effects of COVID-19 in the country. Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, disclosed this during a media briefing...

In Nine Months, Air Travellers Spent N40bn On Covid-19 Test       Inbound passengers who travelled into the country through the Murtala Muhammed International Airport (MMIA), Lagos and the Nnamdi Azikiwe International Airport, Abuja, were estimated to have spent about a total of N40.212 billion as payments...