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COVID-19: NIMASA hands over donated items worth N700million

COVID-19: NIMASA hands over donated items worth N700million

NIMASA, the maritime agency body, yesterday handed over three relief materials valued at over N700million to both the Lagos State and the Federal governments. This it did to support the ongoing efforts to mitigate the spread of the Coronavirus (COVID-19) pandemic. According to a report by the VANGUARD, Speaking at the presentation ceremony in Lagos, […] Read More

COVID-19: We are discussing with Innosson, others on local production of ventilators – FG

COVID-19: We are discussing with Innosson, others on local production of ventilators – FG

The federal government has opened discussions with Innoson Vehicle Manufacturing Company and other key indigenous vehicle manufacturing companies with a view to producing ventilators in the country. This was revealed by the Honorable Minister of Industry, Trade & Investment, Niyi Adebayo. DAILYTRUST newspapers reports The minister, who updated journalists on COVID-19 pandemic and its implications […] Read More

COVID-19: Be wary of Cyber Criminals Schemes in these times – CBN

COVID-19: Be wary of Cyber Criminals Schemes in these times – CBN

The Central Bank of Nigeria (CBN) has advised Nigerians to be on alert to avoid being victims of cyber criminals taking advantage of the COVID-19 crisis. This was contained in a statement on Monday by CBN Director, Corporate Communications Department, Isaac Okoroafor. Explaining that the trend was not peculiar to Nigeria, Okorafor said criminals try […] Read More

Fuel subsidy has been removed – Kyari

Fuel subsidy has been removed – Kyari

Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, yesterday, hinted of a possible deregulation of the Nigerian downstream petroleum sector, stating that the Federal Government has eliminated subsidy and under recovery in the industry. There are therefore indications that the federal government may deregulate the petroleum downstream sector as subsidy […] Read More

COVID-19: Buhari gives go ahead for withdrawal of $150m from Sovereign Wealth Fund

COVID-19: Buhari gives go ahead for withdrawal of $150m from Sovereign Wealth Fund

President Buhari has consented to the withdrawal of $150m from the Sovereign Wealth Fund for distribution to the three tiers of government. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, disclosed this on Monday, in Abuja during a media briefing on the fiscal policy measures to tackle the impact of the coronavirus […] Read More

Covid-19: Buhari consents to recruitment of 774,000 Nigerians

Covid-19: Buhari consents to recruitment of 774,000 Nigerians

President Muhammadu Buhari on Monday consented to the engagement of 774, 000 Nigerians on a Special Public Works programme in the country to help reduce the effect of COVID-19 pandemic. Minister of Finance, Budget and National Planning, Zainab Ahmed, announced this at a press conference on fiscal stimulus measures in response to the COVID-19 pandemic […] Read More

COVID-19: Air Peace delivers medical supplies from Turkey

COVID-19: Air Peace delivers medical supplies from Turkey

The Federal Government has taken delivery of medical supplies from Istanbul, Turkey, to fight the coronavirus pandemic. According to a report by the PUNCH, The supplies were delivered by an Air Peace aircraft, a Boeing 777 with registration number, 5N-BWI, which arrived at the Nnamdi Azikiwe International Airport, Abuja on Saturday night. It was gathered […] Read More

Airtel subscriber base declines by 100,000  in one month, other TELCOs records varying results

Airtel subscriber base declines by 100,000 in one month, other TELCOs records varying results

Despite massive media campaigns over the last few months, Airtel’s subscriber base in Nigeria declined by 100,000 between December 2019 and January 2020 with other TELCOs recording varying results. According to a report by NAIRAMETRICS, But while Airtel Nigeria’s subscriber base declined, its rivals, MTN Nigeria and Globacom recorded growth in their total number of their respective […] Read More

Despite Global Oil Prices crash, Kerosene & Diesel Prices remains the same

Despite Global Oil Prices crash, Kerosene & Diesel Prices remains the same

Despite the deregulation of petroleum products by the Federal Government of Nigeria, the pump prices of diesel and kerosene have yet to reflect the collapse of global crude oil prices. According to a report by the PUNCH, following the sharp drop in oil prices, the pump price of petrol, which is still being regulated by […] Read More

COVID-19: Effects on Nigerian consumer goods

COVID-19: Effects on Nigerian consumer goods

The coronavirus disease (COVID-19) outbreak has become a global threat as it has led to shut down of economies around the world. Apart from the health crises caused by this disease, it has also led to lockdowns and travel restriction as one of the measures to contain its spread. This has had a lot of […] Read More

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