COVID-19: States’ IGR, Allocations Crash By N180.4bn         State governments may be currently grappling with varying degrees of financial concerns, following the N180.4bn crash in their internally generated revenues and the allocations they received from the Federation Accounts Allocation Committee. An analysis of various IGR and FAAC...

Stock Market Gains N2trn In One Week         Equity trading on the Nigerian Stock Exchange recorded a gain of N2.1tn in the last one week following investors’ buying pressures in response to macroeconomic policy changes, the outcome of American election and discovery of COVID-19 vaccine. Checks by...

Transcorp Hilton Wins Multiple Awards at 2020 World Travel Awards .... Named Africa’s Leading Business Hotel for the Sixth Consecutive Year       Transcorp Hilton Abuja has been honoured with four awards including Africa’s Leading Business Hotel for the sixth consecutive year at the 27th annual World Travel...

FG To Access World Bank Facility of $750m for States As part of windows of opportunity to mitigate the effect of Covid-19, the federal government is in the process of accessing a World Bank loan of $750 million on behalf of the states, to stimulate...

Forex Reserves Drop To $35.63bn, Lowest In Two Months         The nation’s foreign exchange reserves have fallen to the lowest level in more than two months, the latest data from the Central Bank of Nigeria have shown. As of November 10, the forex reserves stood at $35.63bn,...

Nigeria Could Face $20bn Loss In Export Revenue - Report         Nigeria and four other oil producers on the continent could each be facing $20billion or more in lost export revenue this year as global oil demand is estimated never to exceed 2019 levels, with energy...