Business

Nigeria Receives First Batch Of COVID-19 Vaccines

The NAFDAC-approved Oxford-AstraZeneca vaccines arrived at the Nnamdi Azikiwe International Airport, Abuja, around noon on Tuesday, via an Emirates airline. Chairman of the Presidential Task Force (PTF) on COVID-19, Boss Mustapha, had said on Saturday that Nigeria will receive its first tranche of about 4 million doses of the coronavirus vaccines. On the ground to […]

Business

IMF Executive Board Concludes Regional Consultation with West African Economic and Monetary Union

….After almost a decade of strong growth, the WAEMU region is facing a triple crisis impacting health, the economy, and security. …… For 2021, growth is projected at 5.4 percent, mostly driven by a rebound in private consumption and private investment, reflecting the relaxation of lockdown constraints and the return of foreign direct investment, but […]

Business

External reserves drop by $1.1bn in one month

External reserves dropped by $1.1bn in February, according to statistics obtained from the Central Bank of Nigeria on Monday. The reserves which stood at $36.19bn as of February 1 fell to $35.09bn as of February 26. The Central Bank Governor, Godwin Emefiele, had recently said Nigeria’s external reserves at $35bn was sufficient to finance the […]