Update: FG to withdraw $150 million from sovereign wealth fund, to borrow $6.9 billion
President Muhammadu Buhari has given approval that the sum of $150 million should be withdrawn from the stabilization fund of ...
Tag: Coronavirus
WHO to curb COVID-19, offers $20,000 to tech start-ups
The WHO is facilitating a tech-enabled solution to identify and curb the spread of the Coronavirus in Africa through virtual ...
UPDATE: Fitch downgrades Nigeria’s IDR to “B”, says CBN’s remedial policy not enough
A new report by Fitch has downgraded Nigeria's Long-Term Foreign-Currency Issuer Default Rating (IDR) to a 'B' rating.
NCDC activates new facility for COVID-19 testing
The Nigeria Centre for Disease Control (NCDC) has activated a new COVID-19 testing facility in Lagos.
Debt crisis looms in emerging markets
Emerging market economies could begin defaulting on their bonds in the coming weeks,this is due to the COVID-19 pandemic.
COVID-19: House of Reps considers 2-months free electricity supply bill for Nigerians
The lower chamber of the National assembly is considering a bill that will allow Nigerians to enjoy electricity for two ...
Nigerian cinemas count loses in Q1 2020, amid COVID-19 lockdown
The Nigerian cinema industry has experienced a gradual dip in revenue since the onset of the Coronavirus in January 2020.
Jumia CEOs to take salary cut, create support fund for workers
The two CEOs of Jumia Group, Jeremy Hodara and Sacha Poignonnec will be taking a salary cut to support their workers amidst the Coronavirus pandemic.
Five industries that thrive in COVID-19 downturn
Businesses in certain industries are actually thriving amidst the COVID-19-induced economic downturn
COVID-19: 26 new cases confirmed, 2 new deaths reported
The Nigeria Centre for Disease Control (NCDC) has confirmed 20 new cases of coronavirus disease (COVID-19). This brings the total ...
