COVID-19 : IMF Approves US$ 3.4 Billion in Emergency Funding to Nigeria
The International Monetary Fund (IMF) has approved Nigeria’s request for emergency financial assistance of US$ 3.4 billion, (100 percent of
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Economy
Covid-19 Could Push Half A Billion People Into Poverty
Charity group Oxfam has warned that a recession caused by Covid-19 and the great lockdown could push an extra half
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COVID-19 Lockdown: Ministry seeks subsidized data for Nigerians
The Ministry of Youth and Sports Development has revealed that talks are ongoing with mobile network operators to provide substantially
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FG sacks contractors for delaying Conditional Cash Transfer
The Federal Government has terminated the contracts of two Payment Service Providers (PSP) for failure to meet up with the
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IMF projects a recession for Nigeria in 2020
Nigeria’s gross domestic product is expected to contract 3.4% this year, compared 2.2% growth last year, as the coronavirus pandemic
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Great Lockdown: Worst Economic Downturn Since the Great Depression
For the first time since the Great Depression, both advanced economies and emerging market and developing economies are in recession.
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