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Category: Business

Business Economy

NPA orders terminal operators to suspend charges

Iheanyi Ejiofor April 19, 2020 No Comments #NPA orders terminal operators to suspend charges

The Nigerian Ports Authority (NPA) has directed all terminal operators to suspend the collection of all applicable terminal storage fees cum demurrage through the period of the extension of the…

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Business Economy headline

IMF projects Nigeria’s economy heading into worst recession in over 30 years

Iheanyi Ejiofor April 14, 2020 No Comments

The International Monetary Fund (IMF) on Tuesday projected that Nigeria’s economy will recede by 3.4% in 2020 as a result of the COVID-19 pandemic that has disrupted global supply chains.…

Read More IMF projects Nigeria’s economy heading into worst recession in over 30 years
Business Economy

COVID-19: IMF grants immediate debt relief to 25 countries

Iheanyi Ejiofor April 13, 2020 No Comments #COVID-19: IMF grants immediate debt relief to 25 countries

By our reporter| The International Monetary Fund (IMF) on Monday approved immediate debt relief for 25 countries, to help them cushion the effect of COVID-19. Most of the benefitingcountries are…

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Business Economy

No processing fee required for COVID-19 loans – CBN

Iheanyi Ejiofor April 13, 2020 No Comments #No processing fee required for COVID-19 loans – CBN

The Central Bank of Nigeria (CBN) on Monday said it does not charge any fee for processing COVID-19 loan applications. This follows the launch of a N50 billion Targeted Credit…

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Business Economy

Ex-Finance Minister, Okonjo-Iweala gets IMF appointment

Iheanyi Ejiofor April 10, 2020 No Comments #Ex-Finance MinisterOkonjo-Iweala gets IMF appointment

The International Monetary Fund (IMF) has named Nigeria’s former minister of finance, Dr. Ngozi Okonjo-Iweala, as a member of its External Advisory Group. IMF’s Managing Director, Kristalina Georgieva, announced Okonjo-Iweala’s…

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