archiveMay 3, 2020

The Central Bank of Nigeria (CBN) has ordered all banks not to retrench any worker A statement from the apex bank signed by Mr. Isaac Okorafor Director, Corporate Communications said the CBN, Bankers’ Committee both decided to suspend lay-offs in banks. Access Bank has been trending in the media after...

The Chief Executive Officer of Mascot Consult Limited, Mr. Marcel Okeke, has stated that one of the blessings in disguise of the current impact of COVID-19 is that Nigeria can no longer afford to postpone its transition from an oil dominated economy to an economy without oil. Okeke, a former...

South Africa’s Finance Deputy Minister, David Masondo, was quoted in a leading newspaper on Sunday as urging the central bank to temporarily create money to fund the government response to the COVID-19 pandemic and its economic fallout. In an interview with the Sunday Times, Masondo called on the government to...

The Kano State Public Complaints and Anti-Corruption Commission has issued a 24-hour ultimatum to traders engaged in hoarding food items and essential commodities to dispose of the goods or risk seizure. The commission, in a statement on Sunday in Kano, also directed traders involved in unilateral hike in prices of...

The wife and son of a patient who died of coronavirus in Osun state have tested positive. The two new cases bring the toll of infection in Osun to 36. The Chief Press Secretary to Governor Gboyega Oyetola, Mr. Ismail Omipidan, disclosed this in a statement on Sunday. He noted...

Gov. Abdullahi Sule of Nasarawa State on Sunday in Lafia announced the closure of the state’s House of Assembly following the death of a lawmaker as a result of COVID-19. Sule, while briefing newsmen, said the closure would enable the state government trace all the contacts the dead lawmaker had...

  The University of Lagos on Sunday asked workers not to resume until it put in place a phased timetable for resumption, The Nation reports. A statement signed by the institution’s registrar, Mr Oladejo Azeez, noted that only workers on essential duties were expected at work. The statement reads:- “The...

  The All-Share Index and Market Capitalization of The Nigerian Stock Exchange (NSE) both appreciated by 1.87 per cent to close the week at 23,021.01 and N11.997 trillion respectively. All other indices finished higher with the exception of NSE Meri Growth, NSE Consumer Goods and NSE Industrial Goods, which depreciated...

The Nigerian Bottling Company Limited (NBC) has started distributing food items to thousands of vulnerable Nigerians across the country to further support the fight against the novel coronavirus pandemic. NBC, the maker of Coca-Cola brands of carbonated drinks, said in a statement on Sunday in Lagos, that the gesture would...

The Federal Medical Centre, Abeokuta, has confirmed the death a pregnant woman in the facility as a result of contracting coronavirus. The Head of Clinical Services (HCS) of the hospital, Dr Fidelis Ojeblenu, made this known in a statement issued on Sunday in Abeokuta. The News Agency of Nigeria (NAN)...