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Monday, April 19, 2021
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CATEGORY

Economy

FAAC disburses N606.196bn to FG, States, LGAs

The Federation Accounts Allocation Committee (FAAC) shared a total of N606.196 billion to the three federating units for the month of April 2020, on...

Nigeria cuts 2020 budget by only N72 billion, despite oil slump

Nigerian Finance Minister Zainab Ahmed said yesterday that the Cabinet approved a revised budget of N10.52 trillion, just N72 billion less than the N10.59...

UBA Rewards 100 customers with N100,000 amid COVID 19 Meltdown

Pan African Financial institution, United Bank for Africa (UBA) Plc has again given its loyal customers reason to cheer as it rewarded 100 loyal customers...

EFCC arraigns Oyo Permanent Secretary Over Alleged N4.4m Scam

The Economic and Financial Crimes Commission, EFCC, Ibadan zonal office on Wednesday arraigned a Permanent Secretary in the Oyo State Ministry of Agriculture, Rasaq...

COVID-19 Poses Formidable Threat for Fragile States – IMF

COVID-19 will trigger a sharp drop in household incomes in Middle East and North African (MENA) countries that are fragile and in conflict situations,...

CBN Dollar Reserves Hit One Month High of $34bn

The Central Bank of Nigeria (CBN) has managed to stop the bleeding in external reserves as gross dollar reserves hit a one month high...

20.5 Million Jobs Lost in US Over Covid-19 Pandemic

The U.S. economy lost a staggering 20.5 million jobs as many businesses shut down to slow the spread of COVID-19. April’s jobs report shatters...

Nigeria tops list as IMF disburses more than $10bn to Africa

The International Monetary Fund (IMF) yesterday approved $1.23 billion of emergency funding for Kenya and Uganda, saying the coronavirus pandemic is likely to exact...

‘How Government May Beat Oil Price Shock Amid COVID-19’

Against the backdrop of the current downturn in the global oil market and fiscal disruptions caused by the COVID-19 pandemic, economic experts yesterday suggested...

Nigeria Projects 2020 Oil Revenues Will Crash to N1.1trn, Down From N5.5trn

On Tuesday, Nigeria’s Ministry of Finance, Budget and National Planning and the UK Department for Internal Development (DFID) held a citizen’s dialogue session focused...

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