Nigeria: Lagos To Allow Restricted Opening Of Churches And Mosques From June 19
Lagos State government says religious gatherings would be allowed to reopen on June 21, 2020. This was disclosed by the…
Category: Local
Nigeria: Forex Turnover Drops By 28.3% As Naira Depreciates Against The Dollar At I&E Window
The Naira depreciated to N386.33 to a dollar at the Investors and Exporters (I&E) window, as the volatility of the foreign exchange…
Nigeria’s Tier-1 Banks Earn N18.4 Billion From Account Maintenance Charges In Q1 2020
Nigeria’s tier-1 banks — comprised of First Bank, UBA, GTBank, Access Bank, and Zenith Bank (FUGAZ) — generated a total…
Australia Heading For Recession After Economy Contracts
Australia is heading for its first recession in nearly three decades after the economy shrunk in the January-March quarter, with…
Nigeria’s Economy Is Set To Shrink As Business Activity Tumbles
Nigeria’s economy is likely to contract in the second quarter, according to three gauges of business activity that highlight the…
Nigeria Will Stand By You, Buhari Tells AfDB President Adesina
President Muhammadu Buhari has assured Dr. Akinwumi Adesina of Nigeria’s support in his bid to seek a second term in…
Nigeria: Senate Passes 2020-2022 MTEF/FSP
The Senate on Tuesday passed the 2020-2022 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) of the Federal Government.…
Nigeria: Naira Gains Against The Dollar, Sells For N441 To The Dollar
The Nigerian currency (the naira) gained against the dollar on Monday by selling at N441 to a dollar at the…
Nigerian Govt Reopens Domestic Airports June 21
The Federal Government has asked the aviation sector to begin to develop protocols that will lead to the resumption of…
Churches And Mosque To Reopen As Nigeria’s Federal Government Lifts Ban On Religious Gatherings
The federal government has lifted the ban on religious gathering across the country. The government had imposed the ban two…
Nigeria: Nationwide Curfew Now 10pm To 4am, Banks To Fully Open
The FG also relaxes restrictions on both Churches and Mosques
Sanwo-Olu Flags Off Construction Of Lekki Regional Road
Governor of Lagos state, Babajide Sanwo-Olu has flagged off the construction of the Lekki regional road, the long-awaited road, which…
US Supreme Court Rejects Church’s Challenge To California’s Coronavirus Rules
The Supreme Court has rejected a California church’s attempt to overturn the state’s coronavirus restrictions on in-person religious services. In…
Nigeria: President Muhammadu Buhari Reshuffles NNPC’s Board Of Directors
President Muhammadu Buhari has approved the reconstitution of the board of the Nigerian National Petroleum Corporation (NNPC) after the expiration…
Why the US Is targeting Nigerian Banker, Akinwunmi Adesina
The US and the African Development Bank have fallen out over allegations of corruption against the bank’s Nigerian head, writes…
Nigeria: CBN Forecasts slower growth, reduces lending rate to 12.5%
The Monetary Policy Committee on Thursday said the lower growth recorded in the economy in first quarter of 2020 was…
Kylie Jenner Is No Longer A Billionaire – Forbes
Earlier this year, Kylie Jenner sold half of her cosmetics company in one of the greatest celebrity cash outs of…
MTN Nigeria Opens Offer Of N100b Commercial Paper Issuance
MTN Nigeria Communications Plc has started its Commercial Paper (CP) Issuance, series 1 & 2 of N50 billion each, under…
Nigeria: Oil Revenue May Drop Further To 25% Of Budget’
With Nigeria’s revenue from oil and gas dropping by N425.52billion in the first quarter (Q1) of 2020 to N940.91billion, according…
Nigeria: Only Four Or Five Airports May Be Opened For Domestic Flights Ncaa
Director-General, Nigerian Civil Aviation Authority, NCAA, Captain Musa Nuhu yesterday said only four or five Airports may be opened for…
Nigeria: Buhari Writes Reps, Seeks Another $5.513bn Loan
President Muhammadu Buhari is seeking approval to borrow another $5.513bn. The letter was read on the floor of the House…
Nigeria: FG Mulls School Reopening, Considers Morning, Afternoon Classes
The Federal Government says it is thinking of sectionalising classes for primary, secondary, and tertiary institutions in the country ahead…
EU Unveils Plan To Borrow 750 Billion Euros To Aid Economic Recovery
he European Commission has unveiled plans for a 750 billion euro ($826.5 billion) recovery fund as the region faces the…
Nigeria: Capital Importation Rises By 54% To $5.85bn In Q1
The total value of capital importation into the country rose to $5.85 billion in the first quarter of the year…
Nigeria: Kaduna Extends Lockdown By Two Weeks
The Kaduna State Government has extended the lockdown in the state by another two weeks. The two weeks lockdown would…
Nigeria: Stock Market Gains N700bn Following Gains From Blue-Chip Stocks
Trading activities on the floor of the Nigerian Stock Exchange closed bullish last week following gains recorded by most blue-chip…
Nigeria: Economy Ends Q1 Strong Despite Pandemic — Expands By 1.87%
Nigeria’s gross domestic product (GDP) expanded by 1.87% in the first quarter of 2020, a new report by the National…
Nigeria: Lagos Reduces 2020 Budget By 21%
The Lagos State government has commenced a downward review of the year 2020 budget as a result of the negative…
Nigeria’s Economy Slows By -0.68% In First Quarter Of 2020 – NBS
Nigeria’s economy witnessed a slow-paced growth of -0.68% in the first quarter of 2020 as the country’s Gross Domestic Product…
Jaguar Land Rover Furloughs Half Of Workforce
About 20,000 Jaguar Land Rover (JLR) workers – half of its staff – have been furloughed because of the pandemic.…