Sterling Bank pledges N10bn support for Nigeria’s ailing tourism

Sterling Bank pledges N10bn support for Nigeria’s ailing tourism

Sterling Bank Plc has pledged a N10 billion facility for the recovery of domestic tourism sector in the country post-COVID-19. This is based on the intelligence that the sector is one of the most hit industries by the heavy blow of novel Coronavirus pandemic, such that the United Nation (UN) has estimated that the sector loss $320 billion in exports in the first five months of the year and more than 120 million jobs at risk. Abubakar Suleiman, the chief executive officer of Sterling bank, revealed the lender’s plan to…

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COVID-19: Global tourism $460bn in H1’2020

The coronavirus crisis cost the global tourism sector $460 billion in lost revenue during the first six months of 2020 as the number of people travelling plunged, the UN has said. Revenue lost between January and June amounted to ”around five times the loss in international tourism receipts recorded in 2009 amid the global economic and financial crisis,” the Madrid-based World Tourism Organization said in a statement. International tourist arrivals fell by 440 million during the period, or 65 per cent, with Asia, the first region to feel the impact…

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NACCIMA proffers hints for revival in tourism sector

Tourism, Hospitality, Nigeria, Aviation

The Nigeria Association of Chamber of Commerce, Industry, Mines, and Agriculture (NACCIMA) has advanced some hints that can help economic comeback in the tourism, creativity and hospitality sector of the Nigerian economy. In achieving this, the group pledged to work with stakeholders to ensure positive impact of targeted stimulus package for various sectors of the economy. It made his position on the current state of the economy known at its Creativity, Hospitality and Tourism Trade Group’s meeting recently held in Lagos. NACCIMA urged the FG to urgently adopt measures to…

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