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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Police detain TVC News Crime Correspondent, Ivy Kanu

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TVC News Crime Correspondent, Ivy Kanu, has been arrested and detained by the officers of the Lagos Police Command.

#Police #IvyKanu #Lockdown

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Reign of fabric masks, as more Nigerians embrace use

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This edition of #JH dissects the reign of fabric masks as more Nigerians embrace use.

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Nigeria heading towards economy recession – Finance Minister

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In this segment, Chris Kehinde Nwandu, CEO, CKN News, dissects major headlines on Friday edtion of national dailies.

#NewspaperReview #Recession #TVCBreakfast

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TVC News Correspondents give update on compliance with Inter-state ban across Nigeria

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In this interview, TVC News Correspondents from Abuja, Bayelsa, Lagos and Borno states give update on the level of compliance with the ban on inter-state movement.

#Interstate #COVID19 #Lockdown #Correspondents

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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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Presidency unveils Professor Gambari as new Chief of Staff

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This edition of #JH dissects the choice of Professor Ibrahim Gambari as the new Chief of Staff to President Muhammadu Buhari.

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House of Representatives to investigate whereabouts of Cinese doctors

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The House of Representatives has asked the Minister of Health, Osagie Ehanire to provide the House with the details of the whereabouts of the Chinese medical team in Nigeria.

The lower chamber resolved that the Minister should give a detailed status of the supposed Chinese medical team to the Speaker as agreed during their meetings on April 7, 2020

The House also mandated its committees on Interior, Health Care Services, National Intelligence and Foreign Affairs to investigate the Chinese team, their whereabouts and who they really are.

#House of Representatives #Chinese medical team #Covid-19

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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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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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