Browsing: Nigeria

Fitch Ratings has revised Nigeria-based Bank of Industry’s (BOI) outlook to stable from negative

Vision 20:2020: FG to Produce National Development Plans. As vision 20:2020 plan is set to wind up in December 31, 2020, Federal Government has said it is committed to producing national development plans for the country.

6.1% GDP Contraction: Dust Yet to Settle – Analysts. Amidst a 6.1% contraction in gross domestic products, analysts said they expect second round effects of the economic disruption in the form of massive layoffs in the formal sector, corporate defaults, tightening of financial conditions and weaker

Fitch Rates Coronation Merchant Bank ‘B-‘; with Negative Outlook. Fitch Ratings has assigned Nigeria-based Coronation Merchant Bank Limited

Nigeria’s Coronavirus Caseload Increases to 30,748. Nigeria has recorded 499 new COVID-19 cases, bringing the country’s coronavirus case load to 30,748.

COVID-19: NCDC reports 454 new cases of infection. The Nigeria Centre for Disease Control (NCDC) has reported 454 new cases of Coronavirus (COVID-19) in the country.

COVID-19 Infections Increased to 23,298 as NCDC records 684 New Cases. Nigeria Centre for Disease Control has recorded 684 new cases of COVID-19, bringing the total number of infections in the country to 23, 298.

COVID-19: Nigeria may go into severe recession – World Bank. The World Bank says collapse in oil prices coupled with the COVID-19 pandemic is expected to plunge the Nigerian economy into a severe economic recession, the worst since the 1980s.

World Bank approves $750m power sector recovery operation for Nigeria. The World Bank has approved a 750 million dollars International Development Association (IDA) credit for Nigeria’s Power Sector Recovery Operation (PSRO) to improve electricity supply.

AfDB approves $288.5m for Nigeria COVID-19 Response Support Programme

The Board of Directors of the African Development Bank has approved 288.5 million dollars loan to help Nigeria tackle the COVID-19 pandemic and mitigate its impact on people and businesses.