COVID-19 pushes Germany into recession

Agency Reporter German output shrank by 2.2 percent in the first quarter of 2020, official data showed Friday, as the coronavirus pandemic tipped Europe’s top economy into a recession. The quarter-on-quarter contraction is “the worst since the financial crisis” in 2009, federal statistics

COVID-19: South-East traders hail IGP, Anambra CP, Nnewi Area Commander and DPO

By CHARLES IWUOHA The South-East Amalgamated Markets Traders Association (SEAMATA) has commended the Inspector-General of Police, Mr. Mohammad Adamu, for instilling professionalism and discipline among police personnel in the enforcement of COVID-19 lockdown measures. SEAMATA is the umbrella union of traders in all

Reps approve Buhari’s request to raise N850bn from Domestic Capital Market

Members of the House of Representatives have approved the request of President Muhammadu Buhari to raise N850 billion. The Federal Government is to raise the money in the New External Borrowing Plan in the 2020 Appropriations Act in naira, from the Domestic Capital

BREAKING: FG slashes petrol and diesel prices again

By EDITH IKE-EBOH The Nigerian National Petroleum Corporation (NNPC) has announced a reduction in the ex-depot price of Premium Motor Spirit (PMS) from N113.28k per litre to N108.00K per litre across all its products loading facilities. This was contained in a statement issued

Lockdown: Anambra trader dies of hunger

By PAMELA EBOH, Awka Traders in Nnewi, Anambra State, have called on the State Government to avoid a repeat of the lockdown in the country in view of its socio-economic implications on them. Markets in the state were forced to close for over

Sanwo-Olu orders Lagos markets, restaurants to reopen

By SODIQ OYELEKE The Lagos State Governor, Babajide Sanwo-Olu, has directed the reopening of markets on selected days in the state. He spoke during a televised press conference on Wednesday. The Governor’s Chief Press Secretary, Gboyega Akosile, in a series of tweets, said

BREAKING: Buhari extends lockdown of Lagos, Ogun and Abuja again

President Muhammadu Buhari on Monday night, April 27, once more extended the lockdown of Lagos, Ogun and Abuja by week. In his nationwide address delivered minutes ago, he said the lockdown would be lifted in phases effective Monday, May 4, 2020 – with

Lockdown palliatives: Emulate Zinox Group’s strategy to reach needy Nigerians, Nigerian Govt, billionaires told

Rich and influential Nigerians as well as state and local governments and Non-Governmental Organizations (NGO) have been urged to borrow a leaf from the strategy deployed by the Zinox Group and Konga to reach and deliver much-needed succour to poor and needy families

COVID-19: Umahi to establish task force to check hike in goods, services in Ebonyi

By CHUKWUEMEKA OPARA Gov. David Umahi of Ebonyi on Thursday directed the establishment of task forces across the state to check increase in prices of goods and services occasioned by the Covid-19 lockdown. Dr Kenneth Ugbala, Secretary to the State Government (SSG) disclosed

Why Nigeria didn’t benefit from IMF’s debt relief – Minister

By ‘FEMI ASU The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said Nigeria did not benefit from the recent debt relief by the International Monetary Fund because the country is not indebted to the IMF. Ahmed, in a tweet