Economic Recession

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.

Newly promoted Premier League side Leeds United are interested in signing Nigerian forward Emmanuel Dennis in the summer.

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.

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 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.

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.

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.

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.

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

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.

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).

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.

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.

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.

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).

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 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.

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.