Economy

Germany’s Economy Minister Peter Altmaier has called for tougher penalties for coronavirus rule breakers in view of rising infections in the country. SEE ALSO: Northern Chiefs kick against Shinkafi title conferred on Fani-Kayode The…

Gold’s record rally is moving tantalisingly close to the psychologically key $2,000 level, powered by investors seeking cover from COVID-19’s global economic toll. SEE ALSO: Oil steady as vaccine news counters rise in virus cases This is…

Australia says its budget deficit will be 85.8 billion Australian dollars (AD) ($61.2 billion) in 2019-20 and AD184.5 billion in 2020-21. SEE ALSO: Google releases ‘Think with Google’ in sub-Saharan Africa This marks the biggest deficit…

Germany’s economy may recover from October onwards from the Coronavirus (COVID-19) pandemic, Economy Minister Peter Altmaier said in a newspaper interview on Sunday. SEE ALSO: CBN’s bid to unify FX rates around I&E window seen as…

It is indisputable fact that the current crisis (Covid-19 Pandemic) is posing threats beyond what most governments can handle - especially, in terms of economy. Economic structure has been struck deeply by the lockdowns and…

Presidential candidate of the Young Progressive Party (YPP) in 2019, Prof. Kingsley Moghalu has explained three approaches to transform the nation's ailing economy. The former Deputy Governor of the Central Bank of Nigeria (CBN) gave the…

U.S. Secretary of State, Mike Pompeo, will meet China’s top diplomat, Yang Jiechi, in Hawaii, trying to ease tensions between the world’s two largest economies over various issues, according to media reports. SEE ALSO: Asia Stocks Snap…

The Lagos State Government says it has set the process of re-opening its economy in motion, with the rollout of ”Register-to-Open” guidelines. SEE ALSO: ADAPALM Can Employ 35,000 People – Gov. Uzodimma Lagos State Governor, Babajide…

Mr John Fashikun, a public affairs analyst, has urged the Federal Government to learn from the COVID-19 outbreak by diversifing the nation’s economy to promote more development. SEE ALSO: Aisha Buhari divinely wired to stabilise husband's…

The Delta Government on Thursday, charged all its contractors to return to site as part of measures to revive the state economy which had been devastatingly impacted by the coronavirus (COVID-19) pandemic. SER ALSO: COVID-19: Bolivian…

The President Muhammadu Buhari-led administration has revealed measures to douse the tension especially in respect of the economy, healthcare, job security and general wellbeing of Nigerians among others after the wave of the coronavirus…

The Italian Government on Saturday said it was set to present a 55billion euro package to support the country’s economy as it battles the coronavirus, a report in the Corriere Della Sera newspaper said. According to the report,…

The National Bureau of Statistics (NBS) has revealed that over  82.9 million Nigerians are poor by the nation’s  standards. The NBS announced this in its report on Poverty and Inequality in Nigeria 2019, which was released on Monday.…

The Federal Government on Friday said it is evolving an action plan to sustain the economy beyond the fight against COVID-19 pandemic. SEE ALSO: I Have No Accounts or Property Abroad - Goodluck Jonathan Replies FG Dr Chris Ngige, the…

Access Bank Plc has decided to slash the salaries of its employees due to coronavirus pandemic which has affected the economy. Bloomberg reports that the reductions are expected to start from May unless business conditions improve.…

Prof Scot W. Atlas, a renowned American Doctor with specialisation in neuroradiology, has assessed the situation of the pandemic using facts and figures and has  given his opinion on the issue. The US economy is on the brink of collapse…

Top former U.S. health officials on Monday urged Congress to devote funding to expand the contact-tracing workforce by 180,000 to safely reopen the economy. SEE ALSO: Asymptomatic Mother Infects 17 Of Her 18 Children With Coronavirus In a…

Anthony Fauci, director of the U.S. National Institute of Allergy and Infectious Diseases, said the country would be able to double its COVID-19 testing capacity over the next several weeks, which is needed to safely reopen portions of the…

Many Japanese have criticised Prime Minister Shinzo Abe’s “stay home” message on social networks as more people struggle to make ends meet due to the economic fallout of the coronavirus crisis. SEE ALSO: Juliet Ibrahim Dragged On Twitter…

Edo Commissioner for Health, Patrick Okundia, on Thursday, expressed worries over possible adverse economic effects of a total shutdown of the state due to the COVID-19 pandemic. Okundia expressed the worries while briefing the Edo House…

The Buhari Media Organisation (BMO) says the new fiscal stimulus measures by the Federal Government has assisted in stabilising the nation’s economy in spite of COVID-19 challenge facing the country. SEE ALSO: COVID-19 Lockdown: Expert…

President Muhammadu Buhari on Monday constituted a committee to assess the impact of the Coronavirus outbreak on Nigeria’s economy with a view to cut down the size of the 2020 budget and reduce the 75 dollars oil benchmark. SEE ALSO: GDP:…

Mr Abraham Azeigbe, Access Bank Group Head, Retail Operations, says the closure of the nation’s border by the Federal Government will have long-time positive effects on the nation’s economy. Azeigbe said the positive impact of…

President Muhammadu Buhari has disclosed that Nigeria lost an estimated 157.5 billion dollars to illicit financial flows between 2003 and 2012. The President’s spokesman, Mr Femi Adesina, said Buhari disclosed this in an address to the…

Governor Seyi Makinde of Oyo state says his administration is ready to partner private sector to drive the economy of the state. Makinde stated this on Tuesday during an inspection tour to Ajila Farms in Awe town, Afijio Local Government…