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CATEGORY

Economy

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...

Experts Hunt For Solutions to Cushion Looming Recession

Experts in the financial sector have said that an economic recession looms in the third quarter of 2020 due to the coronavirus pandemic currently...

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