Tuesday, 04 August 2020
Nigerians' double blow: Currency woes and Covid-19

By Ijeoma Ndukwe Lagos, Nigeria/ BBC: Entrepreneurs in oil-rich Nigeria are finding it difficult to weather the economic fallout of the deadly coronavirus pandemic and a plummeting currency. Amid the lockdown a dispute between Russia and Saudi Arabia sent the price of the fossil fuel tumbling, dragging down the value of the Nigerian currency with it. With the naira still volatile and a partial lockdown still in place, three business owners in the commercial hub of Lagos explain how they are coping. Marifa Witte: McKindergarten Opened a private pre-school two months before Lagos went into lockdown. Employs 10 staff. Tope...


  • By Sheriff Folarin: Nigeria was once an indisputable leader in Africa: what happened? By Sheriff Folarin: Nigeria was once an indisputable leader in Africa: what happened?
    By Sheriff Folarin, Professor of International Relations, Covenant University The traditional leadership and redeemer posture of Nigeria in Africa has, in recent years, been put into question. Issues like corruption and infrastructural decay have held the country down from playing a leadership role in Africa. As have transitions from one poor leadership to another. A visionary leadership is lacking while public institutions are weak, inept and compromised. Decades of political patronage and nepotism have seen a corrosion of quality and…
    Monday, 25 May 2020 03:27
  • Coronavirus death toll in France surpasses 10,000
    The Coronavirus death toll in France has surpassed 10,000 mark, with 541 new death recorded in the last 24 hours. According to France’s health officials, the dreaded pandemic has killed 10,869 people in the troubled country. The large number of death has forced French President, Emmanuel Macron to hint at an extension of lockdown till April 15 to effectively checkmate the spread of the disease. According to Jérôme Salomon, Head of the Public Health Authority, the nation now had 7,148…
    Thursday, 09 April 2020 00:50
  • Coronavirus is not a scam, says Fed Govt
    The Federal Government has once again emphasised the seriousness of the outbreak of the Novel Coronavirus (COVID-19) pandemic. The Secretary to the Government of the Federation (SGF) and Chairman of the Presidential Task Force (PTF) on (COVID-19), Mr. Boss Mustapha, who emphasised the seriousness on Wednesday, spoke on the perspective in some quarters, where COVID-19 is believed to be a hoax. The PTF also defrayed the claim being spread through the social media that members of the task force were…
    Thursday, 09 April 2020 00:48


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Recent News

  • Nigeria Boko Haram: Governor says battle against militants being sabotaged Business and Economy Nigeria Boko Haram: Governor says battle against militants being sabotaged
    A governor in north-east Nigeria has suggested efforts to defeat jihadist group Boko Haram are being undermined by elements of the security apparatus. Borno State's Babagana Zulum said President Muhammadu Buhari needed to know sabotage within the system was frustrating work to end the insurgency. Babagana Zulum was speaking bluntly days after his heavily armed convoy suddenly had to flee a town near Lake Chad because of sustained gunfire. The army blamed Boko Haram. The governor suggested soldiers were behind it and once again used the word sabotage. Image copyrightEPA Image captionNigerian security forces (file image) Babagana Zulum also questioned why the Nigerian army was stopping thousands of displaced people from returning home to their fields whilst soldiers were instead cultivating the land. Governor Zulum is not the first person to essentially suggest that corruption within the military is prolonging the people's suffering in north-east Nigeria.
    Monday, 03 August 2020 12:06
    Read 258 times
  • Afenifere leader, Senator Fasanmi is dead Business and Economy Afenifere leader, Senator Fasanmi is dead
    Senator Ayo Fasanmi, the national leader of Afenifere has died at 94. The All Progressives Congress (APC) chieftain died yesterday night, July 29 after a brief illness in Osogbo. His death was confirmed by his Personal Assistant, Tope Adebayo on Thursday morning.
    Friday, 31 July 2020 02:35
    Read 787 times

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