Nigeria, Others To Lose $200bn In 2020 - IMF     Nigeria and other countries in sub-Saharan Africa will lose about $200bn in incomes by the end of 2020, according to the International Monetary Fund. The development is as a result of the COVID-19 pandemic, which is pulling...

CACOVID Spends N16bn On Medical Resources   The Central Bank of Nigeria (CBN)-led Private Sector Coalition Against COVID-19 (CACOVID) has spent over N16 billion on procuring essential medical resources to fight coronavirus (COVID-19) pandemic in Nigeria, the group said at the weekend. The group has as at...

NESG Forecasts 7.3% Decline In Nigeria’s GDP In 2020   Nigerian Economic Summit Group (NESG) has predicted that the Nigerian economy would contract by 7.3 per cent in 2020 if the average crude oil price slumps to $15 per barrel in 2020 and Nigeria’s crude oil...

COVID-19: Global Stock Markets Lose $18trn     Over $18 trillion have been wiped out globally by the COVID-19 crisis between February and March 2020, even as capital markets maintained their role of facilitating the transfer of funds in the real economy. In the First Quarter (Q1) 2020...

COVID-19: Nigeria Needs N10.1trn Intervention - NESG     Nigeria needs at least N10.1 trillion worth of interventions from the government to address the fallout of the Coronavirus pandemic. Chief Executive Officer, Nigerian Economic Summit Group (NESG), Jaiyeola Laoye, stated this during the virtual dialogue organised by the...

NSE Commits N100m To Fight COVID-19 The Nigerian Stock Exchange has committed N100m to the fight against the coronavirus pandemic. According to a statement from the Exchange, N60m out of the sum would be donated to the Capital Market Support Committee for COVID-19, while the balance...