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Nigeria Seeks $7bn from IMF, Others to Reflate Economy

•To augment June FAAC with $150m from NSIA Ndubuisi Francis in Abuja Nigeria is seeking about $7.050 billion, an equivalent of N2.679 trillion, from multilateral financial institutions and the Nigeria Sovereign Investment Authority (NSIA) to mitigate the impact of COVID-19 on the economy. A breakdow ...

2020-04-07 - English from Nigeria

Nigeria: Nigeria Seeks $7bn From IMF, Others to Reflate Economy

[This Day] Abuja -Nigeria is seeking about $7.050 billion, an equivalent of N2.679 trillion, from multilateral financial institutions and the Nigeria Sovereign Investment Authority (NSIA) to mitigate the impact of COVID-19 on the economy. ...

2020-04-07 - from -Africa-

NSE: Investors lose N222bn in 6 hours

Activities opened on the Nigerian Stock Exchange for the week on a bearish posture with the market capitalisation losing N222 billion in about six hours of trading.Specifically, the market capitalisation which opened for the week on Monday at Vanguard ...

2020-04-07 - English from Nigeria

Coronavirus – Nigeria: UN, Nigerian Government Launch a COVID-19 Basket Fund to Harmonize Investments in National Pandemic Response Plan

The UN system in Nigeria, in collaboration with the Government of Nigeria, has launched the COVID-19 Basket Fund to complement ongoing efforts to mobilise resources in support of the National COVID-19 Multi-Sectoral Pandemic Response Plan, developed by the Presidential Task Force on COVID-19. Th... ...

2020-04-06 - French from Chad

Buhari Approves Withdrawal Of $150m To Support June FAAC Disbursement

President Muhammadu Buhari has approved the withdrawal of 150 million dollars from the Nigeria Sovereign Investment Authority (NSIA) Stabilisation Fund to support the June 2020 FAAC disbursement.The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, disclosed this during a news con ...

2020-04-06 - English from Nigeria