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Economic Recession

The new minister of State for Budget and National Planning, Clement Agba, has charged staff of the ministry to work harder and smart to realize the Next Level agenda of the federal government.

Nigerian government’s stimulus package will avert deep economic recession – minister

Minister of State for Budget and National Planning, Prince Clem Ikanade Agba, has stated that the provision of stimulus package by the Federal Government will go a long way in preventing the country from plunging into deep economic recession.
Premier League teams are in the race to sign Nigerian attacker Emmanuel Dennis following his impressive performance for his club side Club Brugge.

Leeds United considers summer move for Nigerian forward

Newly promoted Premier League side Leeds United are interested in signing Nigerian forward Emmanuel Dennis in the summer.
Illustration photo shows a two-rand coin above a South African flag April 12, 2017. REUTERS-Thomas White-Illustration

South African rand opens stronger after positive data

South Africa’s rand opened stronger on Friday and was on course for gains of roughly 2% against the dollar this week, after the first current account surplus in 17 years and an upbeat U.S. jobs report.
A man is silhouetted against the logo of the World Bank at the main venue for the International Monetary Fund (IMF) and World Bank annual meeting in Tokyo. REUTERS-Kim Kyung-Hoon

Report: About 7 million students face risk of dropping out globally

The report presents the results of simulations considering different lengths of school closure (3, 5, and 7 months) and different levels of mitigation effectiveness (mostly remote learning), resulting in an optimistic, intermediate, and pessimistic global scenario.
Akwa Ibom State Governor, Udom Emmanuel, says the idea of random testing for COVID-19 in the state is a waste of government resources.

Akwa Ibom slashes 2020 budget from N597.7 billion to N195 billion

Akwa Ibom State House of Assembly on Wednesday passed into law the amended 2020 appropriation law from initial N597.74billion outlay to N195billion, to meet up with the economic challenges due to COVID-19 pandemic.

NUJ urges government, stakeholders to provide life insurance for journalists on frontline

The national secretariat of Nigeria Union of Journalists, NUJ, has called on the Federal Government and other stakeholders to provide life insurance for journalists, who are on the frontline in the coverage of the Covid-19 pandemic.
President Muhammadu Buhari on Sunday said the federal government will provide relief materials for residents of Lagos and Abuja whom he ordered to stay-at-home as part of measures to curb the spread of the coronavirus.

Nigerians brace for lockdown as Africa tries to halt virus

Over 20 million Nigerians on Monday scrambled to prepare for lockdown in sub-Saharan Africa's biggest city Lagos and the capital Abuja, as the continent struggled to curb the spread of coronavirus.
Nigeria Naira

Nigeria ‘devalues’ naira as analysts asses market situation

As the Coronavirus, COVID-19, pandemic continues to take a toll on the Nigerian economy, the Central Bank of Nigeria, CBN, has technically devalued the naira to reflect market conditions as analysts and market operators said they are not surprised.

National Hospital records high patronage on knee, hip replacement surgeries

The National Hospital says it has been recording high patronage on knee and hip replacement surgeries since 2015.

Governor Dickson orders immediate payment of new national minimum wage

Governor Seriake Dickson of Bayelsa State has approved the payment of the N30,000 new National Minimum Wage to workers in the state with effect from this month.

USAID: Over 500,000 HIV orphans, children benefited from US health services

The United States Agency for International Development (USAID), has said that it has provided care and support to over half a million children orphaned or affected by the Human Immunodeficiency Virus (HIV).
Adams Oshiomhole

Adams Oshiomhole: Despite economic growth, poverty level still high in Nigeria

There is still high rate of poverty in Nigeria despite government’s effort in pulling the country out of recession, the national chairman of the All Progressives Congress (APC), Adam Oshiomhole, has said.
National Bureau of Statistics NBS

Medium scale enterprises drop by 60 per cent – survey

A report by the National Bureau of Statistics (NBS) in collaboration with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has indicated that Medium scale enterprises dropped significantly by about 60 per cent, due to economic recession that spanned through 2017.
Governor Abdulaziz Yari of Zamfara State

BMO faults Governor Yari over recession comment

The Buhari Media Organisation (BMO) has reacted to a statement credited to the Abdulaziz Yari, Governor of Zamfara State, at a meeting of the Nigeria Governors’ Forum.

MAN, LCCI disagree with Governor Yari over recession

The prediction of Zamfara governor Abdulaziz Yari that Nigeria will slide into a recession again has been faulted by Manufacturers Association of Nigeria (MAN) and the Lagos Chamber of Commerce and Industry (LCCI).
Governor Abdulaziz Yari of Zamfara State

Governor Yari: Nigeria economy may slip back into recession

Abdulaziz Yari, the governor of Zamfara State, who also doubles as the chairman of the Nigerian Governors’ Forum, has warned that Nigeria may head for another economic recession due to the decline in the price of oil.
President Buhari signs New National Minimum Wage Bill into Law in State House on 18th April 2019 2

President Buhari, UN scribe to raise $50 billion to recharge Lake Chad

President Muhammadu Buhari has welcomed the acceptance of the United Nations Secretary-General, Antonio Guterres, to co-chair a Special Session to raise $50 billion to fund the inter-basin water transfer from Central Africa to revive the Lake Chad, the presidency said in a statement, Tuesday.

I’m not aware of Nnamdi Kanu’s sureties withdrawal – lawyer

The counsel representing the leader of the Indigenous People of Biafra (IPOB) and Director of Radio Biafra, Mazi Nnamdi Kanu; Barrister Aloy Ejimakor, said that he is not aware about the decision of Kanu’s sureties to withdraw their suretyship.

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The National Coordinator of the Presidential Task Force (PTF) on COVID-19, Dr Sani Aliyu, says restriction measures like social distancing, and wearing of face masks need to continue during the period of Ramadan, which is around the corner.

PTF: Coronavirus positive cases gradually coming down

Dr Sani Aliyu, the Coordinator, Presidential Task Force (PTF) on COVID-19, has said that positive cases of the Coronavirus (COVID-19) gradually coming down as the daily results now revolves around 400.
Liverpool have completed the signing of Olympiakos defender Konstantinos Tsimikas.

Liverpool complete signing of Konstantinos Tsimikas

Liverpool have completed the signing of Olympiakos defender Konstantinos Tsimikas.

Lagos petrol tanker drivers suspend strike

The National Union of Petroleum and Natural Gas Workers has suspended its strike in Lagos State.
Governor Willie Obiano

APC pleads with Anambra governor to reinstate suspended monarch

The All Progressives Congress (APC) Anambra chapter, has pleaded with Gov. Willie Obiano of Anambra to reinstate Traditional Ruler Peter Uyanwa of Ukwulu community of Dunukofia Council Area of the state, suspended late July.
President Nayib Bukele on Monday announced that El Salvador will give immunity passports to people who have recovered from COVID-19.

El Salvador to give immunity passport to those who recovered from coronavirus

President Nayib Bukele on Monday announced that El Salvador will give immunity passports to people who have recovered from COVID-19.