Finance Minister says Nigeria faces economic recession

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In this edition of #BusinessNigeria, we examine the impact of the coronavirus pandemic on Nigeria’s economic stability as finance minister hints on possible economic recession.

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Nigeria Is Heading Towards Recession – Finance Minister

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The Nigerian economy may slide into recession. It’s expected with the global pandemic – Coronavirus and the drop in oil price globally.

Minister of Finance, Budget and National Planning, Zainab Ahmed disclosed during a press briefing after the first virtual meeting of the National Economic Council (NEC), which was chaired by Vice President, Yemi Osinbajo.

The minister said that the ravaging coronavirus pandemic is not only affecting the country economically, but also affecting the health sector, as the resources to fight this appear inadequate.

She admitted that the crash in crude oil prices would negatively affect the country’s revenue and foreign exchange earnings.

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Low oil prices, coronavirus pandemic raise Nigeria’s recession risks

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#oil prices #coronavirus #pandemic #recession

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First case of Coronavirus in Nigeria…..(c) TVC NEWS

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For info and edu sake

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Has Nigeria Lost Hope In Madagascar’s COVID-Organics Following Recent Case In Madagascar?

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Nigeria receives Madagascar’s COVID-Organics – Nigerian president Muhammadu Buhari on Saturday (May 16) received the country’s share of a purported coronavirus herbal cure, COVID-Organics.

The made-in-Madagascar cure was delivered to Buhari by Guinea-Bissau president, Umaru Sissoco Embalo, who was in Abuja on official visit.

Buhari subsequently ordered that the consignment be sent to the necessary regulatory bodies for tests before a decision on administering it will be made.

“We have our institutions, systems and processes in the country. Any such formulations should be sent to them for verification. I will not put it to use without the endorsement of our institutions,” he stressed.

Speaking on this, the Director General of NAFDAC, Mojisola Adeyeye said the NAFDAC will do due diligence to examine the product. Mojisola said it will take the NAFDAC about 2 weeks to check the toxicity, the microbial content.

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Low oil prices, coronavirus pandemic raise Nigeria’s recession risks

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#oil prices #coronavirus #pandemic #recession

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COVID-19: Task Force briefs President Buhari on National Response Plan

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President Muhammadu Buhari will address the nation today on new procedures in the national response to the Novel Coronavirus (COVID-19) pandemic.

PTF Chairman, who doubles as Secretary to the Government of the Federation (SGF), Boss Mustapha, gave the hint after his team’s visit to the President in Abuja.

Members of the Presidential Task Force (PTF) on COVID-19 Control briefed the President on Sunday at the State House.

Mr Mustapha said the President expressed satisfaction with the progress recorded in Nigeria’s campaign against COVID-19, given available resources and facilities.

#PTF #COVID19 #Lockdown #BossMustapha

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Workers In Nigeria Shouldn’t Be Paid Monthly Salaries

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Research has shown that, one of the major reasons why people are badly affected by Recession, Depression, Economic downturn, even the current economic implications caused by Coronavirus is the lack of Financial Intelligence Principles notably money management, Planning and Implementation. On #YourViewTVC this morning, Seasoned Finance Expert, Renowed author, Pastor Olumide Emmanuel

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Coronavirus Pandemic: Sanwo-Olu rules out another lockdown in Lagos | TV360 Nigeria

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TV360 is Nigeria’s first exclusive online television news channel based in Lagos. Our focus is news. There is no limit to the kind of news we cover. Our goal is to keep the people informed at all times so that they could use the information we disseminate to form important opinions,take important decisions and ultimately help to build a better and democratic society. We strongly uphold the long established journalistic principles of TRUTH, BALANCE and FAIRNESS in our reportage because we believe there is no one side to a story.
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#tv360nigeria #tv360 #news #bamboobarshow #BambooBar #deji360 #tvcnigeria #channelstv #Nigeria #Lagos #Nigerianews #Nigeriannews

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Has Nigeria Lost Hope In Madagascar’s COVID-Organics Following Recent Case In Madagascar?

bottle fire hydrant

Nigeria receives Madagascar’s COVID-Organics – Nigerian president Muhammadu Buhari on Saturday (May 16) received the country’s share of a purported coronavirus herbal cure, COVID-Organics.

The made-in-Madagascar cure was delivered to Buhari by Guinea-Bissau president, Umaru Sissoco Embalo, who was in Abuja on official visit.

Buhari subsequently ordered that the consignment be sent to the necessary regulatory bodies for tests before a decision on administering it will be made.

“We have our institutions, systems and processes in the country. Any such formulations should be sent to them for verification. I will not put it to use without the endorsement of our institutions,” he stressed.

Speaking on this, the Director General of NAFDAC, Mojisola Adeyeye said the NAFDAC will do due diligence to examine the product. Mojisola said it will take the NAFDAC about 2 weeks to check the toxicity, the microbial content.

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