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IMF Fears Coronavirus Outbreak Could Cause Global Recession

IMF Fears Coronavirus Outbreak Could Cause Global Recession

The International Monetary Fund has warned that the global economy could suffer a severe recession “at least as bad during the 2008 global financial crisis or worse” in 2020.

Coronavirus: Nigerian Stock Exchange Suspends Trading Activities

Coronavirus: Nigerian Stock Exchange Suspends Trading Activities

The Nigerian Stock Exchange (NSE) has revealed that trading activities will be suspended due to the recent confirmed cases of Coronavirus (COVID-19) in the country.

Eko Hotel Announces Partial Closure Over Coronavirus

Eko Hotel Announces Partial Closure Over Coronavirus

Popular Lagos hangout Eko Hotel & Suites has announced a partial suspension of its services over the outbreak of coronavirus (COVID-19) pandemic.

CBN Devalues Naira, Restores Uniform Exchange Rate

CBN Devalues Naira, Restores Uniform Exchange Rate

The Central Bank of Nigeria (CBN) has informed all banks and Bureau De Change in the country that it has altered the exchange rate of dollar to naira.

Nigeria’s Inflation Rate Climbs To 12.2%, Highest In 21 Months

Nigeria’s Inflation Rate Climbs To 12.2%, Highest In 21 Months

The CPI/Inflation report released by the National Bureau of Statistics on Tuesday, reveals that inflation increased to 12.20% in February, an increase of 0.07 percentage points from the 12.13% recorded in January.

CBN Releases Measures To Battle Economic Impact Of Coronavirus

CBN Releases Measures To Battle Economic Impact Of Coronavirus

The Central Bank of Nigeria (CBN) has announced six new policy measures to mitigate the spread of the dreaded coronavirus across the country.

Microsoft: Bill Gates Takes Major Decision

Microsoft: Bill Gates Takes Major Decision

Microsoft co-founder Bill Gates has stepped down from his executive role at one of the world's richest companies after working there for 45 years.

Minister Sylva Provides Update On FG Reducing Petrol Pump Price

Minister Sylva Provides Update On FG Reducing Petrol Pump Price

The minister of state for petroleum resources, Timipre Sylva says consultations are ongoing to decide if the pump price of petrol will be reduced or not, Concise News reports.

Coronaviru: Oil Prices Jump To Almost 4%

Coronaviru: Oil Prices Jump To Almost 4%

Oil prices jumped almost four percent in Asian afternoon trade Friday, reversing earlier losses sparked by the Saudi-Russia price war and fears about the economic impact of the coronavirus pandemic.

Coronavirus: Markets React As Trump Places Travel Ban On Europe

Coronavirus: Markets React As Trump Places Travel Ban On Europe

US President Donald Trump has announced a 30-day ban on travel from mainland Europe over the spread of coronavirus pandemic.

CBN Tells Nigerians What To Do To Curb Coronavirus Spread

CBN Tells Nigerians What To Do To Curb Coronavirus Spread

The Central Bank of Nigeria (CBN) has advised Nigerians to adopt alternative payment methods like electronic transfers to avoid the spread of coronavirus.

Oil Price Crashes To $33 Per Barrel

Oil Price Crashes To $33 Per Barrel

The international oil benchmark, Brent crude, which stood at $45.72 per barrel on Sunday, has slumped to $33 per barrel.

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