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Nigerian Economy

Vice President Yemi Osinbajo on Wednesday presided over the weekly Federal Executive Council (FEC) meeting at the Presidential Villa, Abuja.

VP Osinbajo: Nigeria faced with unprecedented economic challenge

“We must communicate to our people where we are now, and that we can no longer assume we are still where we used to be. We are faced with a challenge that no government in the history of Nigeria has ever faced. So, we have to redesign our economic planning and change our thinking.”

Nigeria’s central bank disinfects headquarters, branches

As the Federal Government, through the Federal Ministry of Health and the Nigeria Centre for Disease Control (NCDC), intensifies effort to check the spread of the novel Corona virus pandemic in the country, the Central Bank of Nigeria (CBN) has commenced the disinfection of its head office and 37 branches.
President Muhammadu Buhari

President Buhari promises access to food, medication

President Muhammadu Buhari has promised not to restrict access to food and medications but urged Nigerians to adhere to instructions meant to curb the spread of the coronavirus pandemic.
President of the Senate Ahmad Lawan on Tuesday tasked top security officials to beef up security measures at the National Assembly.

National Assembly leadership meet ministers on planned 2020 budget review

The Leadership of the National Assembly on Wednesday held a meeting with some Ministers and Heads of agencies from the Executive arm of Government to brainstorm on the impact of Coronavirus pandemic on the Nigerian economy.
Nigeria Governors Forum (NGF)

Nigerian governors suspend meeting indefinitely

The thirty–six State Governors under the aegis of the Nigeria Governors Forum, NGF, have been forced to suspend, indefinitely its planned meeting following the growing trend of the ravaging Coronavirus, COVID-19, that is at the moment, ravaging the world and its economy.

ITF suspends graduation ceremonies

Industrial Training Fund (ITF) has said it is suspending all graduation ceremonies for 2019 until further notice, in order to curb the spread of coronavirus.
Nigeria Naira

Naira: It’s currency adjustment, not devaluation – central bank

The Central Bank of Nigeria (CBN) said Friday’s decision to peg the exchange rate of the Naira at N380 to the dollar is not a devaluation of the Nigerian currency.
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.
Governors of 36 states of the federation and Heads of Federal Government agencies have agreed to work together to tackle the novel Coronavirus pandemic ravaging the world. 4

Coronavirus: Nigeria’s economy fragile, vulnerable – NEC

The National Economic Council (NEC) on Thursday received the report of the Presidential Economic Advisory Council (PEAC) on the impacts of Coronavirus disease on the Nigeria’s economy.
Governors of 36 states of the federation and Heads of Federal Government agencies have agreed to work together to tackle the novel Coronavirus pandemic ravaging the world. 1

Coronavirus: NEC receives report on impact on economy

The National Economic Council on Thursday received the report of the Presidential Economic Advisory Council on the impacts of Coronavirus disease on Nigeria’s economy.

Coronavirus: Stakeholders differ on impact of Nigeria’s central bank stimulus

Stakeholders in the organised private sector (OPS) have expressed divergent views on the use monetary intervention to mitigate the impact of the global Coronavirus (Covid-19) pandemic on businesses in Nigeria.
Nigeria Governors’ Forum (NGF)

Coronavirus: Governors constitute sub-committee, pledge functional isolation centres

The Nigeria Governors‘ Forum (NGF) has set up a seven-member sub-committee to review the trend of the Coronavirus and global failing in petroleum price, as well advice State governments on required measures to address the challenges on the economy.
Dr Chris Ngige, Minister of Labour and Employment said this while fielding questions on television concerning the time for payment of the new wage.

Coronavirus: Nigeria suspends recruitment exercises

As parts of efforts to contain the effects of the coronavirus on the nation’s economy, the Nigerian government on Wednesday announced plans to halt recruitment exercises in the public service.
Femi Adesina, spokesman of President Muhammadu Buhari

Presidency: President Buhari to minimise impact of coronavirus on Nigeria’s economy

The Special Adviser to the President on Media and Publicity, Mr Femi Adesina, says President Muhammadu Buhari’s focus is to preserve the well-being of Nigerians from the Coronavirus Disease (COVID-19) pandemic.
President Muhammadu Buhari has assured that his administration would take necessary measures to isolate Nigerians from the consequences of the Coronavirus (COVID-19) outbreak on the economy. 4

President Buhari: We’ll protect Nigerians from adverse effects of coronavirus on economy

President Muhammadu Buhari has assured that his administration would take necessary measures to isolate Nigerians from the consequences of the Coronavirus (COVID-19) outbreak on the economy.
The Kayode Fayemi administration in Ekiti State says it has defrayed inherited debts to the tune of 31 billion naira since assumption of office.

Ekiti workers set to strike over minimum wage

As negotiation over the implementation of the N30,000 minimum wage and the consequential adjustment across board has begun to drag, workers have called on its members to prepare for a showdown with Governor Kayode Fayemi.

Olusegun Mimiko: Nigeria’s economy has failed

A former governor of Ondo State, Olusegun Mimiko, on Monday said that the Nigerian economy has failed.
Aliko Dangote, president of the Dangote Group and chief sponsor of the Dangote Foundation, says he wants to be like Bill Gates and try to give a chunk of his wealth to charity in the next few years.

Aliko Dangote: Nigeria running late for economic diversification

The President of the Dangote Group, Alhaji Aliko Dangote, has said the diversification of the Nigerian economy needs to be achieved urgently, following Monday’s crash in the price of crude oil.

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APC governors hail Comrade Adams Oshiomhole at 68

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Temitope Alonge

Oyo records new coronavirus case, to fumigate markets

The Oyo State COVID-19 Task Force said the state has recorded another positive case, bringing to nine the total of positive cases in the state.
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The Flash actor Logan Williams passes on at 16

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Abia coronavirus lockdown taskforce impounds vehicles, tricycles

Several vehicles and tricycles were on Saturday impounded by the Abia State Joint Taskforce on Enforcement of lockdown over COVID-19 pandemic.g
Pink, 40, revealed Friday night that she had caught and recovered from a case of the novel coronavirus COVID-19.

Pink reveals coronavirus diagnosis, donates $1 million to relief funds

Pink, 40, revealed Friday night that she had caught and recovered from a case of the novel coronavirus COVID-19.