The Gombe State Government says it is taking measures to mitigate the effect of Coronavirus Disease on the economy of the state.
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The Nigeria Extractive Industries Transparency Initiatives said Nigeria earned a total of $32.63 billion from the oil and gas sector in 2018.
The Central Bank of Nigeria has released guidelines for operations of the N100 billion credit support for the healthcare sector following the outbreak of COVID-19 in the country.
Amid growing concerns over the Coronavirus pandemic, the Oyo State Government has declared an emergency by ordering the immediate closure of schools and the inauguration of emergency operation centres, among other measures.
President Muhammadu Buhari has directed a repositioning of the economy, starting with a review of 2020 budget to reflect realities in oil sector, and prioritising health sector infrastructure to respond to the threats posed by COVID-19.
The National Bureau of Statistics says inflation rate in February 2020 increased by 0.07 per cent to 12.20 per cent from 12.13 per cent recorded in January.
Some financial economists on Tuesday commended the Central Bank of Nigeria for coming up with policy measures to ameliorate the effects of coronavirus pandemic on the country’s economy.
The coronavirus epidemic is putting up to 50 million jobs in the global travel and tourism sector at risk, with travel likely to slump by a quarter this year, an official said.
The market indicators of the Nigerian Stock Exchange on Friday appreciated by 0.17 per cent after four days of consecutive sell pressure.
Mele Kyari, the Group Managing Director of the Nigerian National Petroleum Corporation, has urged Nigerians to prepare for more tough times in few months following the crash in the prices of crude oil due to the outbreak of coronavirus.
Panic sell off continued on the Nigerian Stock Exchange on Tuesday with the market capitalisation shedding N656 billion in what an expert attributed to fear of naira devaluation.
In the bid to stimulate the growth of the economy, Nigeria’s leading retail bank, Access Bank Plc, has launched TraderLite, an account that enables micro businesses with turnover between N50,000 and N1 million operate their businesses with their individual name or registered business name.
Governor Abubakar Bagudu of Kebbi has promised to improve on the economy, agriculture and education in the state.
President Muhammadu Buhari says the next four years of his administration will be a harvest and consolidation of successes in the three-point agenda of fixing the economy, fighting insecurity and corruption.
The Director-General of the Manufacturers Association of Nigeria, Segun Ajayi-Kadir, said that stability of economic policies and improvement on the existing economic platforms was the association’s expectations from the re-election of President Muhammadu Buhari.
Buhari, announced this during a joint press conference by Buhari and Trump after a one-day official working visit to the White House.
He said this on Tuesday in Abuja, in an interview with the News Agency of Nigeria.
Weah stated this on Monday after a closed door meeting with President Muhammadu Buhari at the Presidential Villa, Abuja.
The NBS stated this in a “Nigerian Gross Domestic Product Report for Fourth Quarter 2017 and Full Year Report” posted on the bureau’s website.
Dankaka said at the opening of the 39th Kaduna International Trade Fair on Saturday in Kaduna that other measures taken by the government to improve the economy had helped to enhance local productive capacity.