Updates

AfDB approves $27 million to boost African Union’s COVID-19 Response Initiative

The approval comes on the heels of a meeting of the extended Bureau of the AU Conference of Heads of State and Government with Africa’s private sector on 22 April 2020 July 27, 2020/AfDB The African Development Bank (http://www.AfDB.org) on Friday 24 July approved $27.4 million in grants to boost […]

An Unexpected Rise in the FAAC Payout in July 2020

Culled—Proshare July 27, 2020 FBNQuest Research                                                  The gross monthly payout by the Federation Account Allocation Committee (FAAC) to the three tiers of government and eligible agencies […]

Nigeria’s COVID-19 Induced Foreign Trade Decline – PFI Capital

Culled—-Proshare July 27, 2020 By PFI Capital Nigeria’s total merchandise trade stood at N8.30 trillion in Q1’20 (equivalent to c.23% of nominal GDP during the same period) with total import printing at c.51% of total trade while total export represent c.49% of total trade. We note a trade deficit of […]