COVID-19:IMF Caution Nigeria To Slow Down On Tax Drive
By Olamilekan Alani In order to support the ease of operating business in Nigeria, the International Monetary Fund (IMF) has urged Nigeria to slow down on its aggressive tax drive…
IMF Cuts Nigeria’s GDP Forecast, Says Economy’ll Shrink By 5.4%
The International Monetary Fund has downgraded Nigeria’s 2020 growth projection, saying the economy will shrink by 5.4 per cent. The IMF had in April 2020 projected that the country’s economy…
Power Sector: World Bank Approves $750m For Nigeria
By Olamilekan Alani In order to improve the power supply the World Bank has approved a 750 million dollars International Development Association (IDA) credit for Nigeria’s Power Sector Recovery Operation…
ECOWAS Ministers Consider Reopening Of Borders
West African governments have proposed a gradual re-opening the region’s borders in July as the world continues to seek ways of emerging from the COVID-19 crisis. In the proposal, ministers…
Burna Boy, Rema, Others Nominated For 2020 BET Awards
Nominations for the BET Awards 2020, which celebrates excellence in music and acting excellence, were revealed on recently. According to billboard.com, Canadian rapper, Drake, returns to the top spot securing…
Daily Fuel Consumption Unknown –NNPC GMD
The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, says the organisation does not know the exact litres of oil being consumed in the country per day.…
Inflation Rate Rises To 12.40% In May- NBS
National Bureau of Statistics Inflation rate rose by 12.40 percent in May 2020, up by 0.06 percent points higher than the 12.34 percent recorded in April 2020. The consumer price…
COVID-19: World Bank Forecasts 5.2% Global Contraction In 2020
Coronavirus (COVID-19) pandemic may have triggered the deepest global recession in decades, with the World Bank baseline forecast envisioning a 5.2 percent contraction in global Gross Domestic Product (GDP) in…
Cross-River, Isreali Signs $15m Cocoa City Project
The Cross-River State Government has on Wednesday signed a memorandum with Israeli Bean & Co. Global Ltd. The agreement which was a full Venture/Public Private Partnership agreement of 15 million…
Electricity Customers To Pay More For Metering
Electricity consumers has been told to get ready in paying more for prepaid meter. This was made known by a former Executive Chairman, Nigerian Electricity Regulatory Commission (NERC), Dr Sam…
