COVID-19 Fallout Could Last For A Decade - World Bank President     President of the World Bank Group, David Malpass, has described COVID-19 as a ‘devastating blow’ for the global economy, and warned that the fallout from the pandemic could last for a decade. Malpass, an economist,...

AfDB Mobilises $22m For COVID-19 Fight In Gambia, Others   The African Development Bank’s (AfDB) Board of Directors has approved an emergency project in support of three low-income ECOWAS nations – Gambia, Mali and Niger – to boost their health systems in response to the COVID-19...

Why We Are Increasing Borrowing - FG   The Federal Government has said that it was increasing its borrowing in the year because of the effects of coronavirus on the nation’s revenue profile. It also anchored the increased borrowing on unexpected spending on healthcare in a bid...

How Telcos Can Rebuild Nigerian Economy Amid COVID-19     A global tech market advisory firm, ABI Research, has said telecommunication companies (telcos) have a critical role to play in managing Nigeria’s transition from COVID-19-related stagnation, as well as provide a resilient national infrastructure to stimulate growth...

‘COVID-19 Dropped Lagos Economy By N2.3trn’   Lagos State Commissioner for Economic Planning and Budget, Sam Egube in company of his counterpart in Information and Strategy, Gbenga Omotoso, at a briefing, spoke on the government’s response to the impact of the coronavirus pandemic and the adjustments...

CBN Predicts Negative Economic Growth In Q2   The Central Bank of Nigeria has predicted negative Gross Domestic Product growth for the country in the second quarter of 2020 owing to the COVID-19 pandemic that had affected the economy. The CBN Governor, Mr Godwin Emefiele, made the...