Post COVID-19: Economist Urges FG to Create Stimulus Fund for Businesses

CoronavirusEconomyNigeriaPost COVID-19: Economist Urges FG to Create Stimulus Fund for Businesses

PilotnewsMay 13, 2020

Mr Mimshach Obioha, an Economist, has called for the establishment of a fund to serve as a post COVID-19 stimulus package for Micro, Small and Medium Enterprises (MSMEs) to revive the economy after the pandemic. Obioha who is the Executive Director, Ventures Platform Foundation (VPF), an enterprise support and development organisation, made the call in an interview with the News Agency of Nigeria (NAN) in Abuja on Wednesday. He said that the Federal Government should...

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Twitter Announces Plans to Allow Employees to Work from Home Forever

BusinessCoronavirusNewsPress * MediaWorld NewsTwitter Announces Plans to Allow Employees to Work from Home Forever

Bada Yusuf Amoo (Correspondent)May 13, 2020

The social media giant, Twitter, had announced on Tuesday, its plans to let all its employees who wish to work from home to do so for the foreseeable future. It says this will also be allowed in the post-COVID-19 world. The company made this known in a statement on Tuesday. The company said that the past few months had seen its staff work remotely is proof that it can work. The statement read in part,...

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Ethiopia’s Only Ventilator Expert Races to Train Others as Virus Spreads

AfricaBusinessCoronavirusNewsEthiopia’s Only Ventilator Expert Races to Train Others as Virus Spreads

PilotnewsMay 13, 2020

ADDIS ABABA  – As the coronavirus epidemic gains a foothold in Ethiopia, Habtamu Kehali’s skills in operating a ventilator may, for increasing numbers of patients, mean the difference between life and death. As the country’s only respiratory therapist, Kehali is rushing to train others to run the machines used to keep severely ill COVID-19 patients breathing. “We only have few patients who are under intensive (coronavirus) care but if the number is going to increase there is...

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Traders reject Fresh Lockdown, Task Govt. on Speedy Testing for Coronavirus

BusinessCoronavirusNewsNigeriaTraders reject Fresh Lockdown, Task Govt. on Speedy Testing for Coronavirus

PilotnewsMay 11, 2020

Some traders at the Balogun Lagos Trade Fair Complex market on Monday expressed misgivings on the planned fresh lockdown by the Lagos State government to check the spread of coronavirus pandemic. The traders, who expressed relief for the subsisting three days a week trading period instead of total lockdown that was the situation some weeks ago, urged the government to speed-up testing capacity to capture infected persons. The News Agency of Nigeria (NAN) in Lagos...

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Nigerians Spent More on Food and Transportation in 2019 – NBS

EconomyFoodNewsNigeriaNigerians Spent More on Food and Transportation in 2019 – NBS

Adeola Oladipupo (Correspondent)May 11, 2020

A total of N40.2 trillion was spent by Nigerians on food and non-food items in 2019, a report just released by the National Bureau of Statistics (NBS) revealed. The report which details findings on the consumption expenditure pattern in Nigeria is based on the Nigeria Living Standard Survey (NLSS) which was last conducted in 2009. It classifies household consumption expenditure types by food and non-food items at the national, zonal level, state level, and the...

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IPMAN Confirms Purchase of PMS at N108 Per Litre Ex-Depot Price

BusinessOil & GasIPMAN Confirms Purchase of PMS at N108 Per Litre Ex-Depot Price

PilotnewsMay 10, 2020

The President,  Independent Petroleum Marketers Association of Nigeria (IPMAN), Mr Chinedu Okoronkwo says its members have started buying Premium Motor Spirit (PMS) also known as petrol at N108 ex-depot price as announced by NNPC. Okoronkwo made this known in an Interview with the News Agency of Nigeria (NAN) in Abuja, on Sunday. NAN recalls that the Nigerian National Petroleum Corporation (NNPC) had on May 6, announced a reduction in the ex-depot price of PMS from...

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CACOVID, NCDC to Support Oyo With N350 Million

ConservationEconomyNewsNigeriaCACOVID, NCDC to Support Oyo With N350 Million

PilotnewsMay 10, 2020

The Coalition Against COVID-19 (CACOVID) and the Nigeria Centre for Disease Control (NCDC) are donating N350 million to support Oyo State to contain the spread of   COVID-19. This is contained in a statement issued on Sunday in Ibadan by Mr Taiwo Adisa, Chief Press Secretary to Gov. Seyi Makinde. Adisa said that Oyo State Commissioner for Finance, Mr Akinola Ojo, and a member of the COVID-19 Task Force, Prof. Temitope Alonge, disclosed this during...

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AFRICA: Why Spending In Healthcare Is A Healthy Investment

AfricaHealthInvestingAFRICA: Why Spending In Healthcare Is A Healthy Investment

PilotnewsMay 10, 2020

There’ve been several reminders in recent weeks about the pledge African leaders made to dedicate 15% of their budgets to healthcare back in April 2001 at an African Union meeting. The pledge is known as the Abuja Declaration (pdf). The reason for those stories or social media posts is that few of these countries have come close to matching that reasonable target and we’re all in the middle of a health crisis. As Quartz Africa covered last week, many...

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Nigeria is Wasting Revenue Through Subsidy – PwC

EconomyNigeriaOil & GasNigeria is Wasting Revenue Through Subsidy – PwC

Adeola Oladipupo (Correspondent)May 8, 2020

The federal government needs to look at areas where we seem to be wasting revenue, the subsidy is the biggest one and about N4 trillion could be gained if removed, PwC Nigeria said. Crude oil, Nigeria’s major source of revenue has been hit by the Covid-19 pandemic which forced oil prices down for several weeks – until a few days ago when Brent began rising — making the country consider reviewing the 2020 budget oil...

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Lockdown: Traders in Aba Threaten Reopening Markets

BusinessCoronavirusMarketsNigeriaLockdown: Traders in Aba Threaten Reopening Markets

PilotnewsMay 7, 2020

Traders in Aba have threatened to reopen their shops in major markets if Abia Ministry of Trade and Investment continue delaying the reopening. Some residents who spoke to the News Agency of Nigeria (NAN) disclosed this in separate interviews on Thursday in Aba. Gov. Okezie Ikpeazu of Abia had on May 1, at a meeting with market leaders and other stakeholders outlined modalities for gradual relaxation of lockdown. The modalities included setting up 17-man COVID-19...

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