COVID-19: Border Closure on Rice to Nigeria’s Advantage as Prices Skyrocket in International Market- Reports The partial border closure by the Nigerian government has put the last laugh on the faces of rice farmers as the price of rice in the international market has skyrocketed...

W/Bank Predicts Sharp Fall In Nigeria’s GDP   The World Bank has predicted a sharp fall in Nigeria’s real gross domestic product growth as countries in sub-Saharan Africa head towards recession as a result of the ongoing coronavirus outbreak. The latest edition of Africa’s Pulse, the World...

Nigeria’s Economy Already Fragile Before COVID-19 Pandemic – Minister   The Minister of Finance, Budget and National Planning, Zainab Ahmed has said that prior to the outbreak of the coronavirus pandemic, the Nigerian economy was already fragile. She said this in a statement issued by her Special...

Visa-on-arrival Issuance Declines By 39.8%   The number of visas on arrival issued at the Murtala Muhammed International Airport, Lagos in the last one month has dropped drastically due to the global outbreak of coronavirus, which has reduced foreign trips. Our correspondent gathered that the total number...

South Africa Enters Recession, Again Nigeria Emerges Africa’s Biggest Economy   Nigeria has overtaken South Africa as the biggest economy in Africa as the latter enters its second recession in two years. South Africa’s Gross Domestic Product shrank by 1.4 per cent in the fourth quarter of...

W/Bank Meets Over Fresh Loan For Nigeria   There are indications that the Executive Board of the World Bank will today (Tuesday) meet over a new loan sought by Nigeria. Details of the loan were still sketchy on Monday evening but it was gathered that the sum...