Updates

Weekly Economic and Market Report March 27, 2020-Cordros

March 27, 2020/Cordros Report Global economy   The magnitude of the economic devastation being wrought by the coronavirus pandemic was laid bare this week, as the US Labor Department reported an unprecedented surge in the number of people seeking unemployment benefits. Specifically, 3.3 million people filed for unemployment insurance – […]

COVID-19: NNPC, Seplat, Shell, Total, 30 oil firms donate $30m to Federal Government

March 27, 2020/SEPLAT The Nigerian National Petroleum Corporation (NNPC) and 33 oil and gas companies have contributed $30 million, about N11.4 billion to enable the Federal Government fight Coronavirus (COVID-19) in Nigeria. Speaking in Abuja, Group Managing Director of the NNPC, Mallam Mele Kyari, disclosed that the donation was targeted […]

Statement on The United States Congress Move to Strengthen the IMF’s Resources

March 27, 2020/IMF the International Monetary Fund (IMF) welcomes today’s expedited approval by the United States Congress of the U.S. commitment to strengthen the IMF’s resources. As part of a package of measures on IMF financial resources and governance, the IMF Executive Board gave its approval on January 16, 2020 […]