Africa could lose 20 million jobs due to COVID-19 – AU study
About 20 million jobs are at risk in Africa as the continent’s economies are projected to shrink this year due to the impact of the coronavirus pandemic, according an African…
No link between 5G and Coronavirus: NCC gives deeper insight
In view of the recent development in which misleading materials with no proven evidence being circulated to link CORONAVIRUS or COVID-19 with 5G Technology, it has become imperative for the…
COVID-19: Konga assures on deliveries of essentials to last mile
Konga, Nigeria’s foremost composite e-commerce giant, has once again assured Nigerians of its utmost commitment to ensuring that essential deliveries reach them, irrespective of their locations, especially as the country…
Coronavirus: Nigeria restricts offshore workers to 28-day staff rotation
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…
Plane on medical evacuation mission crashes, kills eight
A chartered medical evacuation flight crashed during takeoff in the Philippines on Sunday, killing eight people, airport officials said. According to the Manila International Airport Authority, the West Wind 24…
COVID-19 impact: We have entered recession – IMF Chief cries out
The world’s economy is now in a recession and projects a rebound in 2021, the IMF said on Friday. Georgieva, the Managing Director of the International Monetary Fund (IMF), on Friday…
First Bank, others stop transfer of forex from domiciliary accounts
Nigerian banks have stopped international transfer of dollars and other foreign currencies from domiciliary accounts, claiming it was a directive from Central Bank of Nigeria (CBN). Investigations by Political Economist…
Dangote, Wigwe spearhead PPP initiative to help curb COVID-19 spread
Aliko Dangote, President, Dangote Industries Ltd., and Herbert Wigwe, Managing Director, Access Bank Group, are spearheading a coalition of private sector organisations to support governments’ ongoing efforts at tackling…
CBN retains MPR at 13.5% to absorb exchange rate pressure, others
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday retained Monetary Policy Rate (MPR) at 13.5 per cent and held other policy parameters constant. CBN…
2019: Fidelity Bank records N215.5bn in gross earnings
Fidelity Bank Plc has continued to show strength in the Nigerian banking sector, recording gross earnings of N215.5 billion for the financial year ended Dec. 31, 2019, an increase of…