Banks Shouldn’t Lend To States Without Our Approval – FRC       The Fiscal Responsibility Commission said on Sunday that no Deposit Money Bank should lend money to any state without the approval of the commission. The FRC said this was in line with the provisions of the...

Tech Hubs As Catalysts For Creativity and Innovation In Nigeria By Inyene Ibanga         Information Technology (IT) hubs, simply called tech hubs, have continued to gain recognition in many countries across the globe as the most potent catalysts for the promotion of economic growth across all sectors....

Coronavirus: Buhari Seeks IMF Support For Developing Countries       President Muhammadu Buhari, has called for the reallocation of unused International Monetary Fund’s reserve assets also known as Special Drawing Rights currently held by developed countries to support COVID-19 recovery efforts in developing economies. The President, represented by...

174,574 Nigerians Apply For COVID-19 N75bn MSME Survival Fund       Within 48 hours a total of 174,574 persons successfully registered for the N75bn National MSME Survival Fund and the Guaranteed Off-take Stimulus schemes under the Nigeria Economic Sustainability Plan, the Federal Government announced on Thursday. Registration for...

COVID-19: Aviation Sector To Lose $35bn, 3.5m Jobs     The effect of the COVID- 19 on air travel will cost Nigeria and other Africa’s economies 3.5 million aviation jobs, triggering a contraction of continental Gross Domestic Product by $35bn in 2020, The International Air Transport Association stated...

Economic Prospects Bright Despite COVID-19 Disruptions – Report       Analysts at Comercio Partners have said there are bright economic prospects despite the drop in crude oil prices and foreign exchange issues, among other economic challenges occasioned by disruptions from COVID-19. This was disclosed in a report entitled...