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CBN, Dangote, private sector plan N120bn COVID-19 fund

CBN, Dangote, private sector plan N120bn COVID-19 fund

The Central Bank of Nigeria and the private sector, led by Aliko Dangote Foundation and Access Bank, have set up a coalition aimed at raising N120bn towards the fight against COVID-19 in Nigeria. The PUNCH reports The Governor, Central Bank of Nigeria, Mr Godwin Emefiele, said at a press briefing in Lagos on Thursday that […] Read More

Ekiti to use Agric sector as a platform for economic diversification

Ekiti to use Agric sector as a platform for economic diversification

In view of dwindling economic fortune of the nation arising from the Covid-19 pandemic ravaging the world, Ekiti State Governor, Dr Kayode Fayemi, has restated his administration’s resolve to use the agriculture sector as a platform for the diversification of the state’s economy. According to a report by the VANGUARD, the Governor also expressed the […] Read More

COVID-19: UBA pledges N5bn to support efforts across Africa

COVID-19: UBA pledges N5bn to support efforts across Africa

United Bank for Africa Plc, UBA, yesterday, announced a pledge of over N5 billion ($14 million), through the UBA Foundation, to catalyze a comprehensive pan-African response to the fight against the corona virus pandemic. The VANGUARD reports The donation will provide significant and much needed support to Nigeria and 19 other African countries, by supplying […] Read More

COVID-19: Air France-KLM airlifts European nationals from Nigeria

COVID-19: Air France-KLM airlifts European nationals from Nigeria

An aircraft operated by Air-France KLM on Thursday arrived at the Murtala Muhammed International Airport, Lagos to evacuate some European nationals from Nigeria. It was gathered that the flight, which also left the same day, got special approval from the Ministry of Aviation for the exercise. The management of the Murtala Muhammed International Airport, Lagos, […] Read More

Covid-19: CBN halts forex sales to BDCs

Covid-19: CBN halts forex sales to BDCs

The Central Bank of Nigeria has granted a two- week market holidays to the Bureau De Change operators. The PUNCH reports This followed a request by the Association of Bureau De Change Operators of Nigeria to the CBN for the regulator to grant it market holidays given the ongoing challenges faced in local and global […] Read More

COVID-19: Nigerian Airlines halts local flights till further notice

COVID-19: Nigerian Airlines halts local flights till further notice

Air Peace, Arik Air, Dana Air, Azman and Max Air have said they will be suspending all their domestic flight services as part of efforts to curtail the spread of the coronavirus. According to a PUNCH report, while Air Peace, Arik Air and Azman’s suspension will become effective from midnight of Friday, March 27, Max Air […] Read More

Coronavirus: All passengers to undergo compulsory Airports screening

Coronavirus: All passengers to undergo compulsory Airports screening

Ikeja Electric has advised customers living around Oshodi, Shomolu and Ikeja BU environs to preload their meters in advance to avoid power outage as they stay at home during the coronavirus crisis. According to a report by NAIRAMETRICS, the DISCO, made this known in a series of tweets, that the preloading of the smart cards […] Read More

Covid-19: Ultimate Love show ends

Covid-19: Ultimate Love show ends

The organizers of the Ultimate Love, Multichoice has taken the decision to end the reality TV show prematurely. In a statement made available to the public, Multichoice disclosed that Ultimate Love would end on Sunday, March 29, 2020, which is a week earlier than the scheduled period. NAIRAMETRICS reports Consequently, the final voting of the […] Read More

COVID-19: Benin Republic closes border against Nigeria, others

COVID-19: Benin Republic closes border against Nigeria, others

The coronavirus pandemic seems to be taking its toll on the cross border activities among the African countries, especially the West African sub-region. NAIRAMETRICS reports. A monitored report showed that cross border trading amongst Africans in the West African sub-region may be going through some crises as the traders may be counting their losses due […] Read More

CoronaVirus: World Bank earmarks $150bn for economic recovery

CoronaVirus: World Bank earmarks $150bn for economic recovery

The World Bank Group has expressed its readiness to deploy about $150bn over the next 15 months to stimulate economic recovery of countries affected by the Coronavirus pandemic. The PUNCH reports. The Coronavirus pandemic had led to unprecedented disruptions to global supply chains, sharp drop in global crude oil prices, turmoil in global stock and […] Read More

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