COVID-19: Nigeria’s Oil, Gas Exports To Fall By $26.5bn - IMF     The International Monetary Fund has said Nigeria’s oil and gas exports are expected to fall by at least $26.5bn this year as a result of the coronavirus-induced sharp drop in prices and demand. The IMF,...

CBN Extends Deadline For Microfinance Banks Recapitalisation   The Central Bank of Nigeria in consideration of the impact of the COVID-19 pandemic on economic activities has revised the deadline for compliance with the minimum capital requirements for microfinance banks in Nigeria. The banking regulator communicated this in...

CBN Begins N50bn COVID-19 Fund Disbursement   NIRSAL Microfinance Bank has commenced the disbursement of the Central Bank of Nigeria N50bn Targeted Credit Facility. The Managing Director, NIRSAL MFB, Mr Abubakar Kure, inaugurated the disbursement of the fund on Thursday in Abuja. He said a total of 3,256...

COVID19: As NYSC's Community Engagement Boosts Nigeria's Response By Tomori Uriel and Isa I Gagarawa   As Covid-19 slows down global economic activities in an unprecedented manner, stakeholders across the globe have begun to map out ways to alleviate its impact on our activities and lifestyle. Across the...

COVID-19: AfDB Okays $10bn For Public, Private Sectors   The African Development Bank The African Development Bank (AfDB) says it will provide $10 billion in 2020 to help African countries and their private sectors to respond to the COVID-19 crisis through its COVID-19 response facility (CRF). The...

COVID-19: IMF Okays $3.4bn Emergency Loan For Nigeria   The Executive Board of the International Monetary Fund on Tuesday approved $3.4bn in emergency financial assistance to the Federal Government in addressing the severe economic impact of the COVID-19 pandemic. The financial assistance, approved under the Rapid Financing...