MTN Nigeria warns of near-term outlook

JOHANNESBURG – MTN Nigeria yesterday warned that its near-term outlook was challenging due to macroeconomic disruptions as a result of the coronavirus pandemic and weak oil prices. Chief executive Ferdi Moolman said that while the company had an upbeat view of the prospects for the business in 2020, on the back of the strong performance […]

Nigeria: COVID-19 – Economy Reopens Over 6 Weeks – Govt

The Federal Government has released a list of updated guidelines in the wake of its decision to ease the lockdown imposed on the Federal Capital Territory, Lagos and Ogun states as part of emergency control measures against the spread of coronavirus. Government’s action came, yesterday, as the World Health Organization, WHO, Nigerian Medical Association, NMA, […]

Nigeria: COVID 19 – Embrace Virtual Classroom Now, Uniosun VC Urges Academics

Osogbo — The Vice-Chancellor, Osun State University, Prof. Labode Popoola, has said there is no other time to commence virtual classroom in tertiary institutions than now, urging the academic staff of universities, polytechnics, and colleges of education to embrace virtual teaching across the country. Prof. Popoola made this statement during an online interactive session with […]

Nigeria’s tech experts step in to help those losing livelihoods under lockdown

LAGOS(Reuters) – Tech startup founder Ebun Okubanjo watched with dismay as his home city of Lagos entered a coronavirus-containment lockdown, knowing well that millions of Nigerians on the margins could be left with nothing. So he and his team used their expertise to create a crowdfunding site, “We Are Together”, to distribute cash to those […]

Fuel Subsidies In Nigeria: Time To Dump Them For Good, By Christopher Beaton & John Adeoti

Nigeria and its people have suffered enough self-harm from the toxic relationship with gasoline subsidies. They deserve better. It’s time for all stakeholders — government at all levels, private sector organisations, labour unions, civil societies, students and youth groups — to stand up and agree that fuel subsidies aren’t welcome any more. It’s time to […]

774,000 Jobs: I ‘ll quit Buhari’s govt if… – Keyamo threatens

Minister of state, Labour and Employment, Festus Keyamo (SAN), has threatened to resign his appointment if the 774.000 jobs approved by President Muhammadu Buhari under the special public works programme of National Directorate of Employment (NDE) for the unskilled rural persons is hijack by politicians. The pilot scheme was approved to be implemented in five local government […]

Nigeria: CBN Resumes Dollar Sales for SMEs, School Fees

The Central Bank of Nigeria (CBN) says it has resumed the provision of foreign exchange to commercial banks for onward sales to small and medium enterprises (SMEs) wishing to undertake the importation of essentials needed to help revamp the economy devastated by the deadly coronavirus pandemic. The apex bank announced the resumption of the exercise on Wednesday […]