| Tuesday, April 14, 2020 |
How to access N50bn COVID-19 intervention fund – CBN The Central Bank of Nigeria says interested stakeholders must meet its set criteria to access its N50bn intervention loans for small and medium scale enterprises. The CBN introduced the N50bn Targeted Credit Facility as a stimulus package to support households and Micro, Small and Medium Enterprises affected by the COVID-19 pandemic, and guidelines to access the funds…read more.
Crude cuts: Nigeria to earn $10.61bn in eight months Nigeria may earn about $10.61bn from crude oil sales between May and December this year following latest decision by members and non-members of the Organisation of Petroleum Exporting Countries to cut production….read more.
Kaduna Electric suspends disconnection over lockdown The management of Kaduna Electric Company said it would not disconnect electricity consumers in all states under its franchise during the COVID-19 pandemic period. The Head of Corporate Communication of the KAEDCO, Abdullahi Abdulazeez, said this while delivering relief materials donated to the Kaduna State Government on Monday….read more.
African carriers record 6.2 per cent freight spike amid global slump IATA insists on free movement of life-saving cargoes. Amid the global disruption in air movement, African airlines have sustained a positive air cargo volume and an increase in demand ahead of other regions….read more.
‘Now is time for Nigeria’s post-pandemic economic rescue plan’ Worried about the effects the COVID-19 pandemic has on economic sustainability and business continuity, the Lagos Chamber of Commerce and Industry (LCCI) has urged economic managers to begin to set agenda for the nation’s economy after the health crisis…read more.
NCC to boost economic recovery with ICT parks project The Nigerian Communications Commission (NCC) has embarked on building six Information and Communication Technology (ICT) parks to promote socio-economic transformation of Nigeria….read more.
PEF May Lose Relevance With Liberalised Petrol Prices The Petroleum Equalisation Fund (PEF) Management Board could become obsolete and irrelevant in the Nigerian oil and gas industry with the deregulation of pump prices of petroleum prices…read more.
Report: Shell’s Gas Flare in Nigeria Drops by 80% in Nine Years It stated this in its 2019 Sustainability Report where it also revealed that its contribution to global greenhouse gas emission increased from 5.2 million tonnes of carbon dioxide equivalent in 2018 to 5.9 million tonnes in 2019….read more. Evaluating Fresh Plan to Revive NNPC’s Refineries
The Group Managing Director of the NNPC, Mallam Mele Kyari, last week revealed that the corporation will spend money to repair its four broken-down refineries in Warri, Port Harcourt and Kaduna, after which it would hand them over to select Operation and Maintenance (O&M) experts to operate for it…read more.
FrieslandCampina WAMCO Supports 100,000 Families FrieslandCampina WAMCO Nigeria Plc has announced its decision to support over 100,000 Nigerian families with a relief package of dairy products. The initiative is part of its commitment to support the government in the fight against COVID-19…read more.
China buys more US farm products amid plunge in trade In the first quarter, China imported twice as many U.S. soybeans and six times as much pork than a year ago, according to China Customs. The China-U.S. phase one trade agreement is gradually being implemented, China Customs spokesperson Li Kuiwen said Tuesday at a press conference, according to a CNBC translation of his Mandarin-language remarks…read more.
Coronavirus live updates: India extends lockdown, cases in Germany jump by over 2,000 Singapore reported 386 new cases of Covid-19, the disease caused by the coronavirus, as of noon local time on April 13, bringing the total number of cases closer to 3,000. China’s National Health Commission said on April 13 there were 89 new cases of coronavirus infection, mostly travelers from overseas….read more.
Treasury yields rise with oil deal, hopes for coronavirus peak in focus States on the east and west coasts on Monday formed regional pacts in the hope of forging gradual economic reopenings, as the rate of coronavirus infections finally appeared to be slowing….read more.