Updates

AfDB and its partners want your ideas for beating the COVID-19 pandemic

April 10, 2020/AfDB Set to host an online #AfricaVsVirus Challenge from 16 to 19 April 2020 The African Development Bank (www.AfDB.org) and partners are set to host an online #AfricaVsVirus Challenge from 16 to 19 April 2020. The 72-hour competition is a global hackathon – or “ideathon” – to develop […]

State Governments: Another Cycle of Non-Payment of Salaries to Begin Soon

Culled—Proshare April 9, 2020 By CSL Research There were news reports yesterday that the President had approved the suspension of the payment of interest on debts owed by state governments. According to the Minister of Finance, Budget and National Planning, Zainab Ahmed, this was part of measures to reduce the […]

Gross Official Reserves Declined by US$1.14bn in March 2020 to US$35.16bn

  Culled—Proshare April 9, 2020 By FBNQuest Research                                                                                    Gross official reserves declined by US$1.14bn in March to US$35.16bn. This was the tenth successive monthly decline. The cumulative fall of US$9.96bn is largely due to the exit of foreign portfolio investors (FPIs). The CBN has sought to keep these players […]