CBN Battles Recession, Raises COVID-19 Facility To N300bn
Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, yesterday said the bank would raise its COVID-19-targeted facility from N150 billion to N300 billion in order to accommodate more Nigerians in a bid to cushion the impact...
Insecurity Threatens Africa's Industrialization- Labour Leader
African governments must put sustainable security measures if the continent must attract investment, protect the existing investments and create sustainable Decent jobs.
This call was made at the weekend by Comrade Issa Aremu, a renowned Labour leader at the 2020 Africa...
Nigeria, 69 Other Countries Get $99bn IMF Cash
The International Monetary Fund (IMF) on Monday released its updated economic funding support totalling $99 billion to 70 emerging and developing economies to tackle COVID-19 pandemic.
In an emailed report, the IMF said it advanced $29 billion under...
Nigeria Could Face $20bn Loss In Export Revenue - Report
Nigeria and four other oil producers on the continent could each be facing $20billion or more in lost export revenue this year as global oil demand is estimated never to exceed 2019 levels, with energy...
Internet Economy In Nigeria To Reach $180bn In 2025
The Internet economy has the potential to contribute $180bn to the economy of Nigeria and other African countries by 2025, according to a new study by Google and International Finance Corporation.
The findings of the study made...
Currency Swap: CBN Sells 1.45bn Yuan In Two Years
The Central Bank of Nigeria has said it sold 1.45 billion yuan since the inception of the currency swap deal with China and the end of 2019.
The CBN disclosed this in its 2019 Activity Report released...
