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Nigeria’s petroleum regulator has ordered oil and gas companies to reduce their offshore workforce and move to 28-day staff rotations as part of measures to curb the spread of the coronavirus, according to a circular seen by Reuters.
The Central Bank of Nigeria (CBN) has suspended sales of foreign exchange to Bureau de Change (BDCs) until the COVID-19 pestilence is over.
As the country continues to record new cases of corona virus, the Central Bank of Nigeria (CBN) and the Bankers’ Committee rose from an extra-ordinary meeting held in Lagos on Saturday, March 21, 2020, with the pledge to grant funding facilities (in Naira and foreign exchange) to pharmaceutical companies in the country to enable them procure raw materials and equipment to boost local drug production in Nigeria.
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.
Uganda will request the World Bank for a loan of $190 million to help cushion its economy from the impact of the coronavirus pandemic, its finance minister said.
The federal government Monday declared that unfolding events of the past few months, the coronavirus pandemic and the oil price war have further reinforced its resolve to diversify the national economy.
Hand sanitizers and other anti-viral protective and hygiene products may soon be included in the list of items the Central Bank of Nigeria (CBN) has banned from accessing foreign exchange for their importation.
The House of Representatives has resolved to investigate the Central Bank of Nigeria and the Federal Inland Revenue Service over alleged racketeering in the allocation of foreign exchange to companies.
The International Monetary Fund (IMF) has revised downward its 2020 Gross Domestic Product (GDP) forecast for Nigeria to two per cent, from the 2.5 per cent it had predicted earlier.
The Manufacturers Association of Nigeria (MAN) has linked the low utilization of local raw materials in the manufacturing sector to policy intervention in the official foreign exchange (forex) market by Central Bank of Nigeria (CBN).
The Manufacturers Association of Nigeria (MAN) has advised the Federal Government to get its policies right by making them industry- friendly, as the operational phase of the AfCFTA commences on July 1, 2020.
The Central Bank of Nigeria (CBN), has approved six dairy companies operating in the country for the importation of milk products and its derivatives.
The Edo State Governor, Mr Godwin Obaseki has called for the adoption of smart Information and Communication Technology (ICT) tools and solutions as an alternative to oil in diversifying the Nigerian economy, warning that the country will not develop if the bulk of the country’s savings is still tied to buying foreign exchange for importation.
Angola has reached out to a number of countries for help in recouping funds lost to corruption in the past, the country’s minister of state for economic coordination, Manuel Jose Nunes Junior, said yesterday.
A former banker, Seye Onigbinde, has been arrested by men of the Lagos State Police Command for allegedly defrauding 354 Nigerians to the tune of over N500m in illegal foreign exchange deals.
The government has put Britain into a virtual lockdown, closing pubs, restaurants, and nearly all shops, while banning social gatherings and ordering Britons to stay at home unless it is absolutely essential to venture out.
The All Progressives Congress, APC, in Anambra State, has hailed Governor Willie Obiano, for ordering the production of three million local masks, and approving 10 percent tax refund to businesses in the state to cushion the effect of COVID-19 on businesses in the state.
Deputy Chairman, Senate Committee on Defence, Senator Istifanus Gyang, Plateau North Friday raised the alarm that despite the Coronavirus, COVID-19 that is at the moment, ravaging the world, his people were being killed by Armed Bandits.
Zimbabwe’s police began using water cannon on Friday to disinfect markets and bus ranks, turning instruments associated with repression into weapons against the new coronavirus.
Spain, one of the countries worst hit by the coronavirus pandemic, has registered 932 new COVID-19 deaths within 24 hours, bringing the total to 10,935, the Health Ministry in Madrid announced on Friday.
The Nigeria Centre for Disease Control (NCDC) has said the figures of confirmed COVID-19 cases released for Akwa-Ibom are accurate.
Zimbabwean authorities on Monday began enforcing a three-week lockdown in its fight against the spread of coronavirus after the disease left one person dead and infected six others.
The Lagos Metropolitan Area Transport Authority has commended Safety and Protection Management Solutions Limited, the authorised 3M distributor in Nigeria, for supporting the efforts to curb the spread of Coronavirus Disease in the state.
Juventus forward Paulo Dybala says he feels “much better” and is ready to restart a training regime after his coronavirus diagnosis.
A suspected rapist, simply identified as Kelechi, has escaped from police detention at Ajiwe Police Station, Lagos State.