Nigeria Faces Worst Recession In 40 Years - World Bank     The collapse in oil prices resulting from COVID-19 pandemic is expected to plunge the Nigerian economy into a severe economic recession, the worst since the 1980s, the World Bank has said. The bank stated this in...

COVID-19 Stopped 74.2% Of Businesses From Operating – NECA   The Nigeria Employers’ Consultative Association has said the COVID-19 pandemic stopped about 74.2 per cent of enterprises’ operations in Nigeria. The acting President of NECA, Mr Taiwo Adeniyi, said this at a press briefing held on Thursday...

Oil Production Threatened By Non-compliance To COVID-19 Protocols     Nigeria’s ability to meet its monthly oil production quota and revenue target may become hampered if rising cases of coronavirus in offshore oil fields are not addressed. With the country suffering huge revenue losses from decline in oil...

COVID-19: China Will Give Debt Relief To African Countries By Chu Maoming   Within the FOCAC framework, China will cancel the debt of relevant African countries in the form of interest-free government loans that are due to mature by the end of 2020. This was announced by...

China and Africa's Solidarity Against COVID-19 By Lawal Sale Maida   On June 17, the Peoples Republic of China and African leaders met via a teleconference to discuss ways and strategies against the ravaging COVID-19, in furtherance of their joint efforts against the pandemic. The meeting, a...

FG Considers Unified Naira Exchange Rate Regime     The federal government on Wednesday hinted of plans to unify the current Naira multiple exchange rate regime as a strategic monetary policy option to generate more local currency from its dollar inflows and manage the rate in a...