World Bank Says Commodity Prices’ll Remain High In Nigeria, Others   The World Bank has said that the war in Ukraine has dealt a major shock to commodity markets, altering global patterns of trade, production, and consumption in ways that will keep prices at historically high...

Russia-Ukraine: Rising Shipping Costs May Worsen Inflation In Nigeria - IMF   The International Monetary Fund has said rising shipping costs as a result of the ongoing war between Russia and Ukraine may worsen inflation in Nigeria, and other nations in the world. The Washington-based lender disclosed...

Move supposed to soften effect on Russian card holders due to Visa and MasterCard withdrawal.

 NiDCOM: Ukraine Returnees Got $100 Each Nigerian citizens who were evacuated from war-torn Ukraine were given $100 (about 48,000) each on Friday by the federal government, the Nigerians in Diaspora Commission (NiDCOM) has said. NiDCOM spokesman Abdur-Rahman Balogun disclosed this via a statement on Friday in...

IMF, World Bank Partner On $5.2bn To Support Ukraine   The International Monetary Fund (IMF) and World Bank Group have announced they will respond to Ukraine’s request for urgent financing with about $5.2bn cumulatively. They disclosed this in a joint statement titled, ‘Joint IMF-World Bank Group statement...

Russia-Ukraine: FG Approves $8.5m To Evacuate Stranded Nigerians   The federal government has approved the release of $8.5 million for the evacuation of Nigerians stranded in Ukraine. To this end, President Muhammadu Buhari has directed that the sum be released to the Ministry of Humanitarian Affairs, Disaster...