Mobile carriers, network suppliers, and analysts are warning that the rollout of 5G networks could be delayed as a result of the COVID-19 pandemic. The warnings came as businesses reported their quarterly earnings, in which they outlined what effect the ongoing crisis could have on their bottom lines. The full impact of the pandemic won’tRead More
Hard hit by the drastic fall in oil prices, Chad and Angola have found an unusual way to honour their financial commitments. Chad has committed to deliver 75,000 cattle to Angola over six years to repay a debt of $100 million contracted in 2017. This is equivalent to about $1,300 per cow. ALSO READ: Coronavirus: 4Read More
To ensure continuous production of essential commodities during the lockdown occasioned by Coronavirus pandemic, Manufacturers Association of Nigeria (MAN) has called for pre-Covid-19 foreign exchange (forex) rates for its members, among other enabling incentives.
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Emma Ujah The International Monetary Fund (IMF) is working to respond to Nigeria’s $3.4 billion facility request. The Managing Director of the fund, Ms Kristalina Georgieva, disclosed in a statement, this evening. According to her, her team.was already preparing a proposal to be tabled before the Executive Board for approval. Details soon…
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Nigerians abandoned 300,000 bank accounts in the first quarter of this year (Q1’20) even as the number of current accounts operated by bank customers declined by one million during the period.
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Babajide Komolafe The International Monetary Fund, IMF said that Nigeria’s economy will contract by 3.4% in 2020, but rebound with 2.4% growth in 2021. The IMF made this projection in its latest edition of the World Economic Outlook just released at the ongoing Spring Meeting in Washington. The IMF also projected that the global economyRead
AS the Coronavirus pandemic continues to ravage the world, maritime industry experts are of the opinion that the outcome of the pandemic will change the outlook of the industry.
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On the backdrop of the on-going Covid-19 crisis and lockdown in movement across major cities in Nigeria, the Nigerian Stock Exchange (NSE ) has enjoined companies conducting virtual meetings to enthrone transparency and efficiency in the conduct of such meetings.
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