There may yet be hope for the industry, even as it proceeds into the second half of the year.
The Federation Account Allocation Committee (FAAC) disbursed the sum of N780.93bn to the three tiers of government in April 2020 from the revenue generated in March...
Businesses have been classified into low risk, medium risk, and high risk. Those with high risk could be out of business.
Based on the terms of the Rapid Financing Instrument, Nigeria is expected to pay back the loan between within 3¼ to 5 years.
The management of Arik Air issued a mail to all workers that it has implemented 80% salary cut for its personnel for the month of April.
According to the NBS report, month on month, inflation rose by 12.26% in March 2020, higher than the rate (12.20%) recorded in February and 12.13% in...
Nigeria's currency is expected to have little price swings in the coming weeks, as the lockdown aggravates dollar shortages.
The post-Covid-19 era is expected to be filled with a lot of uncertainties, CBN has warned of the need for the country to act fast.
At Nigeria’s GDP of N144trillion, the lock down could cost the country a whopping N21 trillion or $50 billion.
The Presidential Economic Advisory Council has warned that Nigeria could slip into another recession following the impact of coronavirus on global economy.