archive2020

The aggregate forex inflow to the Nigerian economy dropped by 30.4 per cent to $30.83 billion in the third quarter of 2020 compared to the same period of 2019, the Central Bank of Nigeria (CBN) Third Quarter Economic Report has revealed. However, the aggregate forex inflow based on quarter by...

  Germany has registered 962 Coronavirus deaths in 24 hours, a new record, the Robert Koch Institute (RKI) of infectious diseases in Berlin said on Wednesday. The previous record was reached a week ago, when 952 infections were announced. A further 24,740 new infections were recorded on Wednesday, according to...

  President of the Academic Staff Union of Universities (ASUU) Prof. Biodun Ogunyemi has said that lecturers would return to classes when government provides conducive teaching environment in line with COVID-19 protocols. Ogunyemi disclosed this on Wednesday while fielding questions from journalists in Abuja, after the association called off its...

The Nigeria Employers Consultative Association (NECA) has said that Nigeria’s huge external debt servicing bill is standing in the way of moves by government to expand the economy. The Director-General of NECA, Timothy Olawale, said in a statement on Tuesday titled Salvaging the Nigerian Economy from Total Collapse: A Call...

  Academic Staff Union of Universities (ASUU) has suspended its industrial action that has disrupted academic activities in the country for nearly nine months. ASUU president, Prof. Biodun Ogunyemi, said at a press conference on Wednesday morning, that the decision to go back to the classroom was made based on...

  Pregnant women with COVID-19 during the third trimester are unlikely to pass the virus to their newborns, according to a research conducted in the U.S. The study, led by Dr Andrea Edlow of Harvard Medical School, and funded by the U.S. National Institutes of Health (NIH), is published in...

  Japan International Cooperation Agency (JICA) has provided additional capacity development support to laboratories of the Nigeria Centre for Disease Control (NCDC) . The support, which is the Ribonucleic Acid (RNA) test kits, was aimed at strengthening detection and response to public health threats in Nigeria especially in the fight against...

Most Nigerian consumers are not likely to purchase expensive or luxury items in the next 12 months. The Central Bank Of Nigeria (CBN) made this known in its Consumer Expectations Survey (CES) Report for December 2020, released by the Statistics Department of the apex bank on Tuesday in Abuja. According to...

  U.S. President Donald Trump on Tuesday rejected the $900 billion (N349.2 trillion) Coronavirus (COVID-19) relief bill passed by Congress, describing it as a disgrace. In a video message posted on Twitter, Trump alleged that the bill contained “wasteful and unnecessary items”, adding that there was almost nothing about COVID-19...

  The Nigeria Centre for Disease Control (NCDC) has announced 999 new infections of Coronavirus disease (COVID-19) in the country. The NCDC made this known via its verified website on Tuesday. The health agency said that since February, over 903,800 samples were tested, out of which, 79,789 were positive. It...