Lockdown: Northern traders Decry Non-Provision of Palliative by FG, state Govt

Amidst economic bites, northern traders have decried the federal and state governments’ failure to extend any form of palliative to them in view of the lockdown order imposed on many northern states to tame the spread of COVID-19 pandemic. The Deputy National President of Traders Association of Nigeria in charge of 19 northern states, Mohammed Ibrahim 86, said the situation has subjected many northern traders into unfathomable hardship. Ibrahim 86 said, 70 percent of our...

Covid-19: Nigerian Businesses Concerned About Safety of Staff and Liquidity – PwC

Businesses in Nigeria have expressed worry about the safety of their staff and liquidity as they confront the realities of the pandemic, a survey by PwC reveals. The survey which sampled the opinion of about 3000 respondents — many of them CEOs, managers, and business owners – found that 22.5% were worried about liquidity – the availability of immediate cash to pay bills especially the following disruption to business activities. As COVID-19 ravages several countries,...

JUST IN: COVID-19: D-8 Strengthens Cooperation and Solidarity to Tackle Pandemic in Africa

As countries of the world battle the COVID-19 pandemic and its huge disruption to livelihood, economy and health systems, the Developing 8 Organizations for Economic Cooperation has moved for solidarity among member states. The D-8 today announced a commitment to strengthen solidarity among member countries in efforts to enhance cooperation, identify constraints and bottlenecks in tackling the COVID-19pandemic as well as support countries to build post-pandemic resilient health systems. The Secretary-General of the D-8, Ambassador...

‘We Cannot Continue to Rely on the World for Our Food, Education and Healthcare’ – Emefiele

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has outlined plans to help the Federal Government achieve a self-sufficient economy in response to the uncertainty that the pandemic portends for the country’s economy. Mr. Emefiele said it was time for Nigeria to transform into “a modern, sophisticated and inclusive economy that is self-sufficient, rewards the hardworking, but protects the poor and vulnerable, and can compete internationally across a range of strategic sectors.”...

COVID-19 Fallout: Nigeria and China Bilateral Relations on Test

This flourishing relationship has been subjected to test by COVID-19 fallout. First, there were many videos of atrocious dehumanization by Chinese and Chinese authorities against Africans and Nigerians. Profitable relationship on international arena thrives on mutual respect or mutual fear. At every point, there must be balance either in terms of respect or in terms of fear. International politics is a game of interest, and nobody wants to lose or be in an underprivileged position....

Lockdown: Diversion, Politics, mar Distribution of Palliative in Adamawa, Taraba

In the wake of the novel coronavirus, director-general of the World Health Organization had earlier warned that lockdown to limit COVID-19 transmission has ‘unintended consequences for the poorest’ and ‘most vulnerable, and hence he pleads:” Countries are asking people to stay home and shutting down population movement to limit COVID19 transmission. “These steps can have unintended consequences for the poorest and most vulnerable. I call on countries to ensure these populations have food and life...

Covid-19: NCDC To Collect Samples From Citizens With Respiratory Infection

A door-to-door collection of samples from citizens with acute respiratory symptoms will be done in Lagos and Abuja, the National Centre For Disease Control has disclosed. This is to help to overcome the bottlenecks in the testing capacity for coronavirus (COVID-19). The Director-General of the NCDC, Dr. Chikwe Ihekweazu, revealed this at the briefing of the Presidential Task Force on COVID-19 on Monday. “We are really trying to change our strategy now and test more...

Glimmer of Hope for Nigeria as G20 Agrees to Debt Payment Suspension for Poor Countries

Countries under the G20 group of major economies have agreed to put on hold debt payments by poor countries, following a meeting by G20 finance ministers and central bank governors. The pandemic has led to a marked increase in government spending on health and effort to curb the spread of the viral infection. COVID-19 control guidelines have made governments to impose shutdowns on cities, placing several economies at risk of being crippled and making debt...

Discomfort Due to COVID-19 Could Trigger Social Unrest – IMF

People in some countries could revolt if they perceive the actions the government is taking to mitigate the hardships of the pandemic as insufficient or favoring the wealthy, the International Monetary Fund (IMF) warned on Wednesday. The viral infection has resulted in governments imposing lockdowns to curb the spread, an action that has strained global commerce. Nearly $8 trillion have been spent by governments to combat the pandemic and mitigate the economic fallout, but more...

Adamawa PDP Crisis Deepens as Court Remands 3 r-PDP Members in Police Custody Over Alleged Terrorism

The crisis rocking the ruling PDP in Adamawa kept deepening as a magistrate court in Yola, the State capital, Wednesday remanded three members of the reformed Peoples’ Democratic Party (r-PDP) in police custody over alleged terrorism, forgery and public disturbance. Delivering the judgment on Wednesday, Chief Magistrate Dimas Elshama said, the ruling is based on the provision of section 294 and the application to remand the three defendants tendered by the prosecution. The court ruled...

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