Twenty-three new cases of Coronavirus have been reported in Nigeria. 9 in Lagos, 7 in Abuja, 5 in Akwa Ibom, 1 in Kaduna and 1 in Bauchi
Twenty-three new cases of Coronavirus have been reported in Nigeria. 9 in Lagos, 7 in Abuja, 5 in Akwa Ibom, 1 in Kaduna and 1 in Bauchi….
Monetary contributions to the account set up at the Central Bank of Nigeria (CBN) under the auspices of the Private Sector Coalition Against COVID-19 (CACOVID) have hit N15 billion. A statement issued on behalf of the coalition by the Director, corporate communications, Central Bank of Nigeria, Isaac Okorafor, on Wednesday, April 1, 2020, listed 37 […]
The global crash in crude oil prices could put Nigeria’s biggest banks in a precarious situation as the 68 percent decline in oil prices in Q1 casts an uncomfortable light on lenders’ loan portfolio overconcentration in the oil sector. As at the beginning of the year, Tier-one banks had an oil exposure of over N4.33 […]
Nigeria now has seven functional laboratories with the capacity to test for Coronavirus to tackle the pandemic.According to the Nigeria Center for Dis…
Nigeria’s total debt stock rose to N27.40 trillion in 2019, an increase of around 12.36 percent year-on-year from N24.38 trillion in 2018, according to latest data from the Debt Management Office (DMO). Domestic debt grew 10.5 percent to N18.38 trillion in 2019 accounting for 67.07 percent of total debt stock. The FG owed N14.27 trillion […]
The Mike Adenuga Foundation,MAF, founded by Mike Adenuga has donated the sum of N 1.5 billion to the Federal and Lagos State government to support Nigeria
Federal government on Wednesday approved 70,000 metric tones of grains from the nation’s strategic grains reserve for immediate distribution to the poor…
Compliance level with the 14-day stay-at-home presidential directive as a measure to contain the spread of the Covid-19 pandemic may have started…
The coronavirus (COVID-19) outbreak has made the first quarter of 2020 unpredictable for all companies across the globe. In order to stop the spread…
There are indications that the current lockdown ordered by President Muhammadu Buhari may be extended to other states, following revelations by the Nigeria Center for Disease Control, NCDC, that Osun has overtaken Ogun state with 9 new cases According to the latest figures released by NCDC, the number of confirmed cases of Covid-19 in Nigeria […]
Ex- Marseille president, Pape Diouf, has died after contracting the new coronavirus. The 68-year-old was born in Chad but had French and Senegalese citizenship, led the club between 2005-2009 and helped build the side who lifted the Ligue 1 title in 2010.
Lagos State government has announced the postponement of its public service promotion examinations. The promotion examinations were billed…
The Governorship candidate of the Alliance for Democracy (AD) during the 2019 general elections in Oyo State, Oyedele Hakeem Alao, on…
One of Nigeria’s electricity distribution company, Ikeja Electric Plc, has announced that non-paying customers within its franchise network will not be….
Niger has recorded 12 new cases of COVID19 ; 9 in Osun, 2 in Edo and 1 in Ekiti StateAs at 12:30 pm 1st April, there are 151 confirmed cases of #COVID1….
The total value of credit allocated by the bank stood at N17.19trn as at Q4 2019 from N15.88 trillion in the third quarter of 2019. The breakdown of the sectoral credit shows that Oil & Gas and Manufacturing sectors got credit allocation of N3.42trn and N2.62trn to record the highest credit allocation as at the […]
For the second time in two weeks, the Federal Government has reviewed petrol price downward to sell at N123.5 per litre effective April 1, 2020….
President Donald Trump says the U.S. would meet with Saudi Arabia and Russia with the goal of halting an historic plunge in oil prices that is ruining economies of oil dependent countries like Nigeria. Trump, speaking at the White House Tuesday, said he’s raised the issue with Russian President Vladimir Putin and Saudi Crown Prince […]
President Donald Trump says the U.S. would meet with Saudi Arabia and Russia with the goal of halting an historic plunge in oil prices that is ruining
President Muhammadu Buhari on Sunday ordered a total lockdown of Lagos, Ogun and the Federal Capital Territory (FCT) from 11pm on Monday to curb the spread of the deadly coronavirus. He, however, later extended the take-off date for Ogun to Friday. While the lockdown is bound to have huge impact on people’s lives and livelihoods […]
Without decisive leadership and personal responsibility, the spread of coronavirus in Nigeria could reach unprecedented levels that will overwhelm the country’s grossly inadequate medical facilities. With an estimated 100,000 hospital beds to a population of 190 million people and less than 50,000 doctors, if expanded mass testing reveals the coronavirus has spread far beyond the […]
The Nigerian Centre for Disease Control (NCDC), a government agency in the forefront of the fight against COVID-19, has its task made more difficult by the flood of misinformation, especially on social media. “Beware of unverified messages on social media!” the agency warned on Twitter following the counsel by a respected traditional ruler on alternative […]
Close to 1,500 South Africans stranded aboard have asked the government to assist with getting them home, international relations & co-operation minister Naledi Pandor said on Tuesday. “We empathise with their plight and are doing whatever is within our means to assist them to be safe, as comfortable as possible and to travel back to […]
In an 8,000 sq ft (743 sq m) facility in the western Indian city of Pune, a bunch of young engineers are racing against time to develop a low-cost ventilator that could save thousands of lives if the coronavirus pandemic overwhelms the country’s hospitals.
MTN Nigeria and Airtel Africa are good defensive stocks amid the gloom caused by the coronavirus pandemic that is ravaging the economy and causing selloff in the equities market.
In an interview with African Independent Television (AIT) about two weeks ago on the ‘Implications of the Coronavirus (COVID 19) on our States’, I pointed out that Nigerians are yet to see a proactive approach from any of our governors even though the commendable efforts of Babajide Sanwo-Olu are noted. With the increasing spread of the […]