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Nigeria has formally entered its second economic recession in five years as the severe impact of the COVID-19 pandemic on global crude oil prices and restrictions imposed to curb the virus caused the nation’s economy to contract for the second consecutive quarter by 3.62 percent in the third quarter of 2020.
Uche Uwaleke, Professor of Finance and Capital Market, has called for early passage of the 2021 Appropriation Bill and aggressive implementation of the Economic Sustainability Plan (ESP), as the country enters recession.
The Ethiopian Air Force has bombed arms depots and destroyed military hardware in the northern Tigray region on Friday, Prime Minister Abiy Ahmed said.
At the backdrop of the destructions of public and private properties and businesses in the wake of the #EndSARS protests, businesses have been counting their losses while economy experts have listed the immediate challenges the crises have thrown up against Nigeria’s struggling economy.
The world has failed to protect around one billion children from physical, sexual or psychological violence, the World Health Organisation (WHO) warned.
The world has failed to protect around one billion children from are physical, sexual or psychological violence, the World Health Organisation (WHO) warned.
The Federal Capital Territory Administration (FCTA) Enforcement Team says no fewer than 500 persons have been convicted in the last three weeks for contravening the stay-at-home order by the federal government.
The world was awoken from slumber concerning the global health challenge posed by COVID-19 pandemic not too long ago which was first reported in Wuhan in faraway China.
The World Health Organisation (WHO) has expressed concern over possible intentions by countries to end their restriction of movements ‘too soon.’
As the killer disease, Coronavirus takes a toll on Chinese in Wuhan, Chairman/CEO Nigerians in Diaspora Commission (NIDCOM), Honourable Abike Dabiri-Erewa, has advised Nigerians living in China to be wary of the deadly virus.
The Nigerian Agip Oil Company (NAOC) on Thursday said the Nov. 20 explosion at its oil field in Bayelsa would adversely impact crude export to the tune of 30,000 barrels daily.
Vice President Yemi Osinbajo has stated that Nigeria has a key role to play in the successful negotiation process of the Africa Continental Free Trade Area, AfCFTA.
The Central Bank of Nigeria (CBN) has said only farmers who grow improved disease-free cassava stems will have access to the N25 billion facility it has created to boost cassava production in Nigeria.
Former Governor of Anambra State, Peter Obi, has asked the Judicial Panel of Inquiry (JPI) sitting in Awka, the state capital, to dismiss the petition of Mr Bonaventure Mokwe against him, describing it as abuse of process.
The National Information Technology Development Agency (NITDA) has commenced the third phase of virtual strategic capacity building training for Federal Public Institutions (FPI) in Abuja.
A coronavirus vaccine developed by Britain’s University of Oxford and the pharmaceutical firm AstraZeneca has shown successful results in early trials. If it is approved by regulators, the vaccine appears suitable for a fast rollout around the globe.
Ogun State Governor, Prince Dapo Abiodun, on Tuesday sent a congratulatory message to the Chief of Staff to President Muhammadu Buhari, Prof. Ibrahim Gambari, on his 76th birthday.
Ukrainian President, Volodymyr Zelensky said on Monday that he would return to work as his retest for COVID-19 was negative.
The Nigeria Centre For Disease Control (NCDC) has announced 155 new infections of the Coronavirus disease (COVID-19) pandemic outbreak in the country.
Leicester City manager Brendan Rodgers has revealed Wilfred Ndidi is recovering well from his groin injury but will not play a part when they take on Liverpool on Sunday.