COVID-19: IMFC Endorses Extension Of Debt Service Relief For 6 Months         In its commitment to curtail the effect of coronavirus, COVID-19 pandemic on the less developed economies, International Monetary and Financial Committee, IMFC of International Monetary Fund, IMF has expressed its support for a debt...

INVESTIGATION: Nigerian Recovered Assets Suffering ‘neglect’ After Final Forfeiture     NEWS DIGEST - This report takes a look at how Nigerian government failed to ensure proper utilization of recovered assets, together with the challenges of poor assets management by anti-graft agencies. Assets recovery is a major activity...

External Reserves Decline By $50.84m In 10 Days         The country’s external reserves dropped by $50.84m from $35.75bn as of October 2 to $35.69bn as of October 12, figures from the Central Bank of Nigeria have revealed. The CBN disclosed that the reserves, which had continued to...

IMF Projects $28trn COVID-19 Global Losses In Five Years       The Managing Director, International Monetary Fund, Kristalina Georgieva, has said the crisis from COVID-19 can lead to a global loss of $28tn in the next five years. She said this during her opening remarks at the annual...

Despite Import Intervention, Maize Remains N160,000/tonne         The importation of 262,000 tonnes of maize that was approved by the Federal Government to plug the production shortfall has failed to crash the price of the maize produced locally. Findings on Wednesday showed that the price of one tonne...

Economist Wants speedy passage of FG’s proposed N13 trillion budget An Economist, Mr Moses Igbrude, has told the National Assembly to expedite the passage of the proposed N13.08 trillion 2021 budget, in order to revamp the downturn in the economy caused by COVID-19 pandemic. Igbrude, the...