Friday, July 10, 2020
Nigeria faces worst recession in 40 years – World Bank

Nigeria faces worst recession in 40 years – World Bank

The collapse in crude oil prices, coupled with the COVID-19 pandemic, is expected to “plunge the Nigerian economy into a severe recession, the worst...
PDP Rejects N108 Ex-Depot Fuel Price, Insists on N70 Pump Price

Petrol depot price reduced to N108

Following removal of fuel subsidy on premium motor spirit (PMS) otherwise called petrol, the Petroleum Products Marketing Company (PPMC) has announced reduction in the...
What Returning to Work Will Look Like in Offices, Cafes and Factories Around the World

What Returning to Work Will Look Like in Offices, Cafes and Factories Around the...

Wearable social-distancing buzzers. Masked blackjack dealers. Drive-thru electronics purchases. From cubicles to factory floors, cafes to clothing boutiques, businesses around the world are dreaming...
IMF Says Great Lockdown Recession Likely Worst Since Depression

IMF Says Great Lockdown Recession Likely Worst Since Depression

The International Monetary Fund predicted the “Great Lockdown” recession would be the steepest in almost a century and warned the world economy’s contraction and...
FG reduces price of petrol to N125 per litre

FG reduces price of petrol to N125 per litre

The Federal Government has directed the Nigerian National Petroleum Corporation to reduce the pump price of petrol from N145 to N125. This, the government said,...
Nigeria records first negative trade balance since June 2016

Nigeria records first negative trade balance since June 2016

Nigeria has recorded its first quarterly trade deficit since July 2016 as the value of its export fell by 9.79 per cent in the...
Beware of COVID-19 Cyber-attacks, Fraud - CBN warns Nigerians

CBN Returns over N60bn Excess Bank Charges to Customers

The Central Bank of Nigeria (CBN) Thursday said it had so far recovered over N60 billion from erring banks as excessive charges imposed on...
FIRS workers threaten strike over Fowler’s handover to Aina

FIRS workers threaten strike over Fowler’s handover to Aina

Workers of the Federal Inland Revenue Service on Tuesday faulted the decision of the immediate past Chairman of the FIRS, Mr Babatunde Fowler, to...
W’Bank to FG: Reform now to stop further slide into extreme poverty

W’Bank to FG: Reform now to stop further slide into extreme poverty

The World Bank has said the number of Nigerians living in extreme poverty may increase by more than 30 million by 2030 and the...
IMF backs Buhari on VAT increase

IMF backs Buhari on VAT increase

The International Monetary Fund (IMF) on Wednesday said the recent decision by the Nigerian government to raise the Value Added Tax by 50 per...

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