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Power sector shortfall hits N1.5t, DisCos gives reasons
Electricity Distribution Companies (DisCos) have said the power sector shortfall has hit N1.5trillion, resulting in different…
FCMB gets IFC’s support to boost SMEs affected by COVID-19 in Nigeria
International Finance Corporation (IFC), a member of the World Bank Group, today announced a $50 million loan to Nigeria’s First…
ECOWAS leaders set for another meeting on adoption of single currency
HEADS of State of the Economic Community of West African States (ECOWAS) are set to meet to discuss issues bordering on the…
Nigeria’s Manufacturing PMI Shrinks in June
The Manufacturing Purchasing Managers’ Index (PMI) in Nigeria stood at 41.1 points in June 2020, contracting for the second time.…
FG set to announce new date for flight resumption
The Federal Government has said it will announce a date for the commencement of domestic flight next week.
The Aviation Minister,…
Nigeria imported 5.26bl of PMS in Q1 2020 – NBS
Nigeria imported 5.21billion litres of Premium Motor Spirit (PMS) in the First Quarter (Q1) 2020, the National Bureau of…
IMF predicts 5.2% decline for Nigeria’s economy
The International Monetary Fund (IMF) has predicted that Nigerian’s Gross Domestic Product (GDP) would drop by -5.4 per cent in…
Nigeria records N124.77b trade deficit in Q1
Nigeria recorded a trade deficit of N125. 77billion in the first quarter (Q1) of this year, the National Bureau of Statistics…
AfDB ranked fourth in transparency among global development institutions
The African Development Bank(AfDB) has been ranked fourth out of 47 global development institutions on Publish What You Fund Aid…
Polaris Bank disburses billions of naira under Health Sector Loan
Polaris Bank in its indisputable support for SMEs in the health sector has disbursed billions of naira to support the growth of…