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$6.7 trillion: how much the Covid-19 pandemic cost the global economy in 2020

Reading Time: 2 minutes Image Credits: AFP/Getty Images, IG. THE pandemic will wipe an eye-watering $6.7 trillion – or £5 trillion – from the global economy in 2020, new analysis suggests. The forecast fall in global GDP – down 5.2% from $89.94 trillion to $83.19 trillion – is equivalent to the annual economic output of Germany and France combined. Read More…

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N36.15bn added to Nigerian sovereign wealth fund in 2019

Reading Time: 2 minutes The Nigeria Sovereign Investment Authority (NSIA) recorded a Total Comprehensive Income (TCI) of N36.15 billion in 2019. Ms Stella Ojekwe-Onyejeli, the Executive Director and Chief Risk Officer at NSIA disclosed this at a virtual briefing (newsmen) on Friday in Abuja. Ojekwe-Onyejeli said the 2019 income was less when compared to the TCI for 2018 which Read More…