COVID-19: CBN Disburses N369bn To SMEs, Others       The Central Bank of Nigeria on Tuesday outlined the disbursements it had so far made in various sectors of the economy to cushion the adverse impact of the COVID-19 pandemic. According to the bank, about N369bn has been disbursed...

FG Inaugurates N75bn SMEs COVID-19 Stimulus Schemes       The Federal Government on Thursday flagged off two schemes to financially support about 1.7 million micro, small and medium enterprises across the country with N75bn. At a briefing on the flag-off of the National MSME Survival Fund and the...

Despite COVID-19, Banks’ Non-performing Loans Drop       Against the backdrop of the economic impact of Coronavirus (COVID-19) pandemic, the value of non-performing loans, NPLs, in Nigeria’s banking industry rose marginally by 3.0 percent to N1.21 trillion in the second quarter of 2020 (Q2’20) from N1.18 trillion...

Nigeria’s Private Sector Struggles With Economic Impact Of COVID-19, Inflation, Devaluation       The COVID-19 crisis has brought with it disastrous economic effects. As the virus continues to spread, business and world economies have been experiencing a huge decline in revenue. According to KPMG, about 94 per...

International Flights: PTF Differs As Sirika Fixes August 29     Minister of Aviation, Hadi Sirika, on Monday announced that international flights into and out of Nigeria would resume on August 29. The Presidential Task Force on COVID-19, however, said that the date was not sacrosanct. International flights were...

IATA Foresees More Job Losses In Aviation — Report     The International Air Transport Association’s new data indicating the impact of COVID-19 on Africa’s aviation industry and economies has worsened sharply since the previous assessment in April. IATA said African’s aviation would suffer job losses to the...