Nigeria May Record N4.9trn Decline In Nominal GDP — Investigation   The outbreak of the coronavirus pandemic in Nigeria may result in a decline of N4.95tn in the nation’s nominal Gross Domestic Product in the present fiscal year, investigation has revealed. Nominal GDP measures the value of...

COVID-19: Private Sector Donations Hit N27.16bn   Total funds raised by the Private Sector Coalition Against COVID-19 rose to N27.16bn as of the end of April 23, 2020. The Director, Corporate Communications, Central Bank of Nigeria, Isaac Okorafor, disclosed this in a statement on Tuesday. The statement revealed...

Lockdown: Nigerian Farmers Lament Massive Postharvest Losses   As a result of the COVID-19 lockdown and lack of access to markets, farmers are experiencing massive post-harvest losses of fruits, vegetables, fresh products, and other perishables, Smallholder Women Farmers Organisation (SWOFON), raises an alarm. They are particularly worried...

Afreximbank Unveils $3m COVID-19 Grant For African Countries   The African Export-Import Bank (Afreximbank) has announced a $3 million grant to complement efforts to combat the COVID-19 pandemic across African countries. Afreximbank President, Prof. Benedict Oramah, who made the announcement in Cairo, recently, said the fund was...

DBN Donates N100m To Fight COVID-19      Development Bank of Nigeria Plc says it has donated N100m to COVID-19 fight. A statement said the bank is a development finance institution, established by the Federal Government in collaboration with global development partners to address the major financing challenges...

Investigate N5.4bn NDDC PPE Contract, Group Tells EFCC   A group, the Niger Delta Rights Advocate, has called on the Economic and Financial Crimes Commission to investigate over N5.4bn personal protection equipment and COVID-19 sensitisation contract awarded to a firm, Signora Concept Services Limited, by the...