Economic Recession
Coronavirus: Nigerian worshippers at a loss as ‘crossover’ prayers cancelled
Across Nigeria, New Year’s Eve is usually marked by millions of Christians gathering in churches to usher in the New Year, praying for a better year ahead.
President Buhari’s Christmas message to Nigerians — full text
I felicitate with our Christian brothers and sisters in particular and all Nigerians in general on this joyous occasion of Christmas 2020, commemorating the birth of Jesus Christ.
House of Reps mandates NAICOM to suspend recapitalization deadline for insurance firms
The House of Representatives Tuesday, directed the National Insurance Commission (NIACOM) to suspend the planned December 31, 2020 mandatory deadline for the first phase of 50 per cent – 60 per cent of the minimum paid up share capital for insurance and reinsurance companies.
CBN releases banks’ excess CRR to spur economic recovery
As part of efforts to support economic recovery and propel the quest to return to the growth path, the Central Bank of Nigeria (CBN) has approved the release of banks’ excess cash reserve requirement (CRR), which is above the regulatory minimum.
![Bitcoin can baffle even bigger-fish investors [Dado Ruvic-Reuters]](https://www.today.ng/wp-content/uploads/2020/11/25185210-324x235.jpg "Low money market yield, inflation may push more investors to bitcoins")
Low money market yield, inflation may push more investors to bitcoins
The roller coaster which the Nigerian equities market has enjoyed in the last two months may be short-lived as there are indications that investors are planning to take advantage of the low yield being recorded in the money market by diverting into Bitcoin trading.
Recession: SERAP asks President Buhari to cut cost of governance, not public services
Socio-Economic Rights and Accountability Project (SERAP) has sent an open letter to President Muhammadu Buhari urging him “to put the country’s resources at the service of human rights, and to support the less well-off to enjoy an adequate standing of living through cutting the cost of governance and implementing bold transparency and accountability measures in your government’s response to Nigeria’s second recession in five years.”
US election: Joe Biden launches transition website
Joe Biden, the Democratic candidate for the United States President, has launched an official transition website, www. buildbackbetter .com.
#EndSARS: Lagos assemblymen urges youths to embrace peaceful resolution
A member, Lagos State House of Assembly, Mr Rotimi Abiru, has appealed to Nigerian youths to remain calm and embrace peaceful resolution of their grievances.
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.
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.
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.
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 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.
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 ‘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.
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Imo governor raises alarm over coronavirus surge, seeks presidential intervention
Gov. Hope Uzodinma of Imo has raised alarm over what he described as devastating effects of the second wave of Coronavirus pandemic in Imo, calling for urgent presidential intervention to check the menace.
Nigeria to conduct 450 coronavirus tests per local council
The Presidential Task Force (PTF) on COVID-19 says the Nigeria Centre for Disease Control (NCDC) will carry out 450 COVID-19 tests in each local government area of the country.
Court fixes date to hear suit seeking to oust ex-Speaker Dogara from House over...
The Federal High Court, Abuja, will, on February 4, hear a suit filed by the Peoples Democratic Party (PDP) asking for the declaration of the seat of Rep Yakubu Dogara vacate on account of his defection to the All Progressives Congress (APC).
Rangers forward Israel Abia wins Eunisell Boot award
Instituted by Eunisell, West Africa’s largest independent chemical as well as oil and gas engineering solutions company, the Eunisell Boot seeks to instill greatness in players in the domestic top flight and celebrate their success story.
UNICAL to resume 2019/2020 academic session February 5
The Vice Chancellor, Florence Obi, disclosed that the date was picked to allow management carry out repairs in some of the hostels that had been destroyed and vandalized in the violence that tailed the #EndSARS protests in the state.
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14 die in Kogi ghastly auto crash
Fourteen passengers, including five children, lost their lives in a ghastly motor accident which occurred along Anyingba-Ajaokuta road in Kogi State on Thursday.
NYSC releases postings for ‘2020 B II’ corps members
The event with the theme, ‘Protecting The health Of The Nigerian Youth: Safe Reopening Of NYSC Orientation Camps’ also had in attendance the Director-General of the Nigeria Centre for Disease Control, Dr Chikwe Ihekweazu.
Nigerian government begins activation of non-functional oxygen plants
“Permit me at this juncture to specifically emphasise on the need to avoid crowding as we see in people under the guise of National Identity Number Enrollment. There is absolutely no cause for this, if only people would voluntarily comply with advisories and guidelines as issued by the Ministry of Communications and its relevant Agency. The Executive Director/CEO of the National Primary Health Care Development Agency (NPHCDA), Dr. Faisal Shuaib, explained the government is yet to zero in on the exact cost of the COVID-19 vaccines.
Coronavirus: Schools to remain shut in Kaduna except open university, state polytechnic
Schools in Kaduna state are to remain closed with the exception of Kaduna Polytechnic and the National Open University who requested to re-open to enable their students to write examinations.
Speaker Gbajabiamila mourns ex-Lagos MILAD Ndubuisi Kanu
The Speaker of House of Representatives, Mr Femi Gbajabiamila, has expressed sadness over the passing of a former military governor of Lagos State, Rear Adm. Ndubuisi Godwin Kanu (rtd).