24 C
Lagos, South Africa and New York
Sunday, July 5, 2020

EU grants Nigeria €50 million to fight COVID-19

The European Union has given Nigeria €50 million grant in support of the government’s current efforts to contain the spread of Coronavirus pandemic in the country. The Head of EU delegation in Nigeria, Ambassador Ketil Karlsen, announced the grant at a meeting with President Buhari...

Buhari increases number of households on social register to 3.6 million

President Muhammadu Buhari has announced the addition of 1 million households to the National Social Register (NSR) up from 2.6 million households to cushion the effect of the impact of the coronavirus. President Buhari said this in a second nationwide broadcast on Monday. He said...

Fitch Revises Outlook on Kaduna State to Negative on Sovereign Rating Action; Affirms at ‘B’

Fitch Ratings has revised the Outlook on Kaduna State's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to Negative from Stable and affirmed the IDRs at 'B'. Under EU credit rating agency (CRA) regulation, the publication of International Public Finance reviews is subject to restrictions...

Nigeria gets N2.19bn from Germany tackle rising Coronavirus outbreak

The German Government has donated N2.19bn to the Nigerian Government to tackle Coronavirus in the country. The Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development announced the donation on its Twitter handle on Thursday. It said, “#Germany pledges €5.5M to the Nigeria Humanitarian Fund. “It’s...

Relax conditions for N50bn SMEs fund, Analysts beg CBN

Scores of Nigerians have reacted to the conditions set by the Central Bank of Nigeria (CBN) for households and Small and Medium Enterprises (SMEs) to access the N50bn intervention fund to cushion the effect of Covid-19, urging the apex bank to relax some of...

COVID-19: NNPC, Total, Shell, 31 oil firms support Nigeria govt with $30m intervention

Abuja — The Nigerian National Petroleum Corporation (NNPC), Total, ExxonMobil, Shell and 30 other oil and gas companies operating in Nigeria, have intervened with over $30 million, an equivalent of N11.4 billion, in the country’s effort to tackle and contain the spread of the...

Aliko Dangote Rallies Private Sector Operators against COVID-19

…Coalition to set up medical tents for testing, treatment in Lagos Aliko Dangote through the Aliko Dangote Foundation will be leading a coalition of private sector organisations spearheading a coalition of private sector organisations to support the Federal Government's ongoing efforts to tackle the...

CBN release FX to pharmaceutical investors to boost medical supplies

No fewer than 10 pharmaceutical companies have been granted both naira and foreign exchange facilities by the Central Bank of Nigeria (CBN) to assist in boosting local production of drugs in the country. This was seen in a communique from a meeting held by Central...

Reps to investigate NLNG, IOCs over NWMD $10 billion Project

The House of Representatives Thursday resolved to set up an Ad-hoc Committee to investigate the non-inclusion of waste management and sludge disposal in numerous projects by the various International oil companies (IOCs) operating within the shores of Nigeria. The resolution followed the adoption of a...

Nigeria’s economy could lose $19bn loss in crude oil exports over COVID-19 impact – ECA

The Economic Commission for Africa (ECA) has warned that the unfolding COVID-19 crisis could reduce Nigeria’s total exports of crude oil in 2020 by between US$ 14 billion and US$ 19 billion. It estimates that COVID-19 could lead to Africa’s export revenues from fuels falling...
Open chat
Send us your story