Will Nigeria’s Battle with COVID-19 Become Too Expensive to Sustain?

CoronavirusEconomyNigeriaWill Nigeria’s Battle with COVID-19 Become Too Expensive to Sustain?

Adeola Oladipupo (Correspondent)May 23, 2020

For every COVID-19 test carried out on suspected persons, Lagos, Nigeria’s epicenter of the viral infection with a population of over 20 million, spends between N40,000 and N50,000 ($102.56 – $128.21), Professor Akin Abayomi, Lagos State Commissioner for Health disclosed. The revelation by Prof. Abayomi highlights the magnitude of the burden of the disease and raises question about the sustainability of the fight against COVID-19. With estimated population of 200 million and a virus that...

CONTINUE READING
Economy Will Not Be Re-opened Hastily – Gov Sanwo-Olu

CoronavirusEconomyNewsNigeriaEconomy Will Not Be Re-opened Hastily – Gov Sanwo-Olu

Adeola Oladipupo (Correspondent)May 23, 2020

The Governor of Lagos State, Babajide Sanwo-Olu has said although the State was committed to tackling COVID-19 by breaking the cycle of transmission, it would not hastily reopen the economy. Mr Sanwo-Olu said this at a webinar organized by First Securities Discount House Group, which also had in attendance governors of Kaduna and Edo States, Mallam Nasir el-Rufa’I and Godwin Obaseki respectively as co-panelists. The Governor of Lagos said the state battles the reality of...

CONTINUE READING
Samsung Sends 300 More Workers to China for Chip Factory Expansion

BusinessTechnologyWorld NewsSamsung Sends 300 More Workers to China for Chip Factory Expansion

PilotnewsMay 22, 2020

Samsung Electronics Co., the world’s largest memory chipmaker, said on Friday that it had sent 300 more South Korean engineers and workers to China to complete the expansion of its second chip manufacturing facility there amid the coronavirus pandemic. Samsung said engineers and workers, including some from its subcontractors, left for the Chinese city of Xian on a chartered flight earlier in the day. The move came a month after Samsung dispatched 200 engineers to...

CONTINUE READING
Half of Facebook Employees to Work Remotely in 10 years – Zuckerberg

BusinessTechnologyWorld NewsHalf of Facebook Employees to Work Remotely in 10 years – Zuckerberg

PilotnewsMay 22, 2020

Facebook’s founder and chief executive, Mark Zuckerberg, says he expects the coronavirus pandemic will have a long-lasting impact on working practices. Zuckerberg expects that in ten years, about half of the social network company’s employees will be working remotely, he said in an interview with technology news site The Verge. He emphasised that the 50 per cent figure was his estimate and not an official announcement. According to a survey of Facebook employees, one in...

CONTINUE READING
Nigerian Government Threatens to Prosecute Citizens with Foreign Properties Who Evade Tax

InvestingLaw & JusticeNewsNigeriaNigerian Government Threatens to Prosecute Citizens with Foreign Properties Who Evade Tax

Bada Yusuf Amoo (Correspondent)May 22, 2020

The Federal Government of Nigeria had threatened to prosecute its citizens who were not paying tax on their properties in foreign countries. This was made known in a statement signed by the spokesperson of the Attorney General of the Federation, Abubakar Malami (SAN), Umar Gwandu on Thursday. The statement also stated that any bank or intermediary that helps any Nigerian citizen to shield such property would pay the fine which is equivalent to the cost...

CONTINUE READING
COVID-19: Plateau Govt Bans Commercial Tricycle Operations

BusinessCoronavirusNewsNigeriaCOVID-19: Plateau Govt Bans Commercial Tricycle Operations

PilotnewsMay 22, 2020

Gov. Simon Lalong of Plateau has banned the operation of commercial tricycles in the state with effect from Saturday, May 23, as part of efforts to curb the spread of the novel coronavirus (COVID-19). Lalong made the disclosure during a press briefing on update of COVID-19 in the state, on Thursday in Jos. The governor who was represented by the Secretary of the state Task Force on COVID-19,  Prof. Danladi Atu, expressed concern over the...

CONTINUE READING
Public Holidays: CBN Reschedules MPC Meeting

MoneyNewsNigeriaPublic Holidays: CBN Reschedules MPC Meeting

PilotnewsMay 21, 2020

The Central Bank of Nigeria (CBN) has rescheduled its Monetary Policy Committee (MPC) meeting from Monday and Tuesday May 25 and 26 to Thursday, May 28. The CBN Director, Corporate Communications Department, Mr Isaac Okorafor, made this known in a statement in Abuja on Thursday. Okorafor explained that the rescheduling of the meeting was due to the declaration of May 25 and May 26 as public holidays by the Federal Government to commemorate the Eid-el...

CONTINUE READING
Lagos Cuts 2020 Budget by 21 Per Cent

CoronavirusEconomyNewsNigeriaLagos Cuts 2020 Budget by 21 Per Cent

Adeola Oladipupo (Correspondent)May 21, 2020

The realities of the impact of COVID-19 on the economy have forced Lagos State to slash its 2020 budget which was initially approved by the State House of Assembly to N920.5 billion from N1,168.6 trillion, this was disclosed by the Commissioner for Economic Planning and Budget, Sam Egube. The Commissioner said the budget was revised to help mitigate the economic and social headwind precipitated by the novel Coronavirus pandemic in the state, according to Premium...

CONTINUE READING
UK Invests £20m in Africa’s Anti- COVID-19 Fund

AfricaCoronavirusInvestingNewsUK Invests £20m in Africa’s Anti- COVID-19 Fund

PilotnewsMay 21, 2020

United Kingdom on Thursday said it would be investing up to 20 million Pounds in the African Union’s new ‘Africa anti-COVID-19 fund’ to slow down the spread of coronavirus and save lives. The British High Commission in Nigeria said in a statement that the funding was announced by UK International Development Secretary, Anne-Marie Trevelyan. According to the statement, this makes the UK the largest national donor to the fund which was announced by Cyril Ramaphosa,...

CONTINUE READING
Demolish and Evacuate New Artisan Market, ENHA Urges Enugu State Government

BusinessCrime & SecurityNewsNigeriaDemolish and Evacuate New Artisan Market, ENHA Urges Enugu State Government

Ije Ulasi (Regional Correspondent)May 21, 2020

The Enugu State House of Assembly on Tuesday moved a motion of urgent public importance urging the Enugu State Government to demolish and evacuate the New Artisan Market situated along Enugu-Port Harcourt Expressway. In his words, the sponsor of the motion, Chinedu Okwu, member representing Aninri constituency described the horrendous activities going on at the New Artisan market as worse than that committed in Sodom and Gomorrah in the Bible. “The New Artisan Market has...

CONTINUE READING

Newer Posts

Older Posts

WP2Social Auto Publish Powered By : XYZScripts.com