New Electricity Tariffs Effective July - Power Minister     The Minister of Power, Sale Mamman, has insisted that the new increment on electricity tariff would take off in July. He stated this on Tuesday at the Investigative Public Hearing on Power Sector Recovery Plan and the impact...

COVID-19: AfDB Forecast $88.3bn Drop In Africa’s GDP     The African Development Bank (AfDB) has projected that the ongoing Coronavirus (COVID-19) pandemic ravaging economies globally could cause Africa’s Gross Domestic Product (GDP) to drop by between $22.1billion and $88.3billion. According to the Bank, before the advent of...

Fed Govt received N1.68bn For COVID-19 Battle     The Federal Government on Monday announced that a total of N1,689,757,489.87 was received as COVID-19 eradication support donations from April 1 to May 31. It said the funds were received through designated commercial bank accounts and the Central Bank...

Averting Looming Recession Through Monetary Stimulus   The economy was yet to fully recover from the 2014 oil price shock, followed by the 2016 economic recession, and now on the brink of another plunge on account of the effects of the novel coronavirus (COVID-19) pandemic. Recession is...

COVID-19: The Unending Lockdowns in Nigeria By Ya’u Mukhtar   Ever since the outbreak of the novel coronavirus infection which emanated from Wuhan, a city in Hubei province of China and subsequently leads to the current pandemic, the disease has been travelling and fast spreading across various nations...

IMF Projects Lower Per Capita Income By Year-end Globally   With the recent global economic crisis caused by the Coronavirus (COVID-19) pandemic, the International Monetary Fund (IMF) has warned that 90 per cent of the world will be worse off with lower per capita income by...