Covid-19
IMF extends debt service relief to 28 low-income countries
Wale Ameen Online Editor The Executive Board of the International Monetary Fund (IMF) has approved grants for debt service…
Facebook launches new campaign in partnership with WHO to tackle Covid-19 misinformation
Wale Ameen Online Editor Social media giant, Facebook has announced the launch of a new campaign in partnership with…
Global hotel industry to see 43.4% growth to $284.7bn in 2021, but recovery remains slow
Revenues still $83bn below 2019 levels World’s five largest hotels lost $14bn amidst pandemic Thousands of cancelled vacations hit revenue…
Stiglitz, Economics laureate urges global plan for African growth rebound
…As continent’s debt climb 70% of GDP …We want comprehensive, quick restructuring; debt standstill not enough” – Stiglitz …Proposes international debt…
Nigeria’s total trade dip 10.3% y/y to N32.42trn in 2020 but the trade deficit still on the rise to N7.38trn due to pandemic, border closure
Total import reached a record high at N19.89trn; exports declined to N12.52trn Charles Abuede Nigeria’s total trade fell…
Covid-19 pressure holds Nigeria remittance inflows by jugular
Remittances remain significantly below 10-year historical average of $5.3bn Experts anticipate CBN sustains policy stance in 2021 to attract portfolio…
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