Despite COVID-19, Africa Records $80bn Diaspora Remittances       Diaspora remittances to Africa as a whole have increased to over $80 billion despite the COVID-19 impact on economies worldwide, and against the backdrop of a fall in remittances worldwide. However, remittances to Nigeria dropped by 27.7 percent in...

Gambian Central Bank Wants CBN to Fix her Currrency Bug. The Central Bank of Gambia (CBG)has appealed to Nigeria’s Central Bank (CBN) in fixing the Gambia’s currency bug. The Gambian request is coming just as it also wants to tap from CBN’s wealth of knowledge and...

World Bank Outlines steps for Nigeria's Economic Revovery The World Bank has outlined faster steps for Nigeria's economic recovery apart from taking other measures to deepen ongoing reforms undertaken by the country. According to the Bank, the measures would assist avoid threats to the government’s macroeconomic...

Nigerian Crudes Struggle For Buyers As India Cuts Purchases – Report       Nigerian crude variants are now seeking other buyers in Asia and Europe as India’s COVID-19 situation remains shrouded in uncertainty amid stringent regional lockdowns and weak domestic consumption. S&P Global Platts reported that most Nigerian...

Forex Scarcity: Airlines Worried As Operational Cost Rises       There is no end in sight to the operational challenges confronting domestic airlines following the seemingly unending naira depreciation and scarcity of foreign exchange. With one dollar exchanging for N502 at the parallel market as at yesterday, operators...

W/Bank Okays $3bn For Vaccines In Africa, Others       The World Bank has announced that it has approved $3bn in funding to cover vaccination in 32 countries, 15 of which are in Africa. In a statement issued in advance of the G7 Leaders’ Summit, World Bank Group...