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Business/Tech Touch

Global oil market undergoing ‘historic shock’- OPEC

The OPEC oil cartel said Thursday that the world market for crude is undergoing an unprecedented jolt due to coronavirus mitigation measures that have decimated

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COVID 19: Global Airline industry to lose25m jobs, $314bn in revenue- IATA

The International Air Transport Association (IATA) has predicted that airline passenger revenue will drop to $314 billion as the COVID-19 pandemic affects countries and economies

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AU Appoints Okonjo-Iweala, Manuel others Special Envoys to Secure Economic Support for Africa

In a statement on Sunday, Ramaphosa announced the special envoy of the AU would be tasked with soliciting rapid and concrete support as pledged by

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Nigeria seeks $3.5bn from IMF, AfDB to support implementation of 2020 budget

The Federal Government says it has applied for $3.5 billion request from International Monetary Fund (IMF) and African Development Bank (AfDB) to access concessional funding

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Nigeria poised to raise $1.3bn health fund to tackle COVID-19

Nigeria is looking to set up a $1.3 billion (1.2 billion euro) fund to boost its fragile healthcare system for the fight against the coronavirus

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COVID-19 Private Sector Relief Fund in Nigeria Increases to N19.4bn

The total contribution to the Private Sector Coalition Against COVID-19 (CACOVID) set up by the Central Bank of Nigeria (CBN) to raise funds to combat

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Nigeria’s total public debt rises to N27.4tn

The Nigerian Government and the 36 component states, as well as the Federal Capital Territory, owed a total N27.4tn as of December 2019, according to

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Nigeria Slashes Petrol Pump Price again

The Nigerian Government has announced a further reduction in the Premium Motor Spirit (PMS)’s pump price to N123.50 per litre. The Petroleum Products Pricing Regulatory

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UN Launches Major Humanitarian Appeal to help weak economies battle Covid-19

To confront the unprecedented worldwide challenge posed by the COVID-19 Coronavirus pandemic, top UN officials on Wednesday, launched a massive humanitarian appeal to mitigate its

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Nigeria’s Central Bank, Dangote plan N120bn COVID-19 fund

The Central Bank of Nigeria and the private sector, led by Aliko Dangote Foundation and Access Bank, have announced plans to set up a coalition