NGO trains over 20,000 undergraduates on plastic pollution
By Peter Egwuatu U-Recycle Initiative Africa, a youth-led Non-Governmental Organisation, NGO, has trained over twenty thousand youths across four federal universities in Nigeria through the second edition of its flagship multi-year initiative for universities, called PlasticWize 2.0. The NGO is advancing environmental education, circular economy solutions, and climate action across Africa. Through PlasticWize 2.0, themed, “Redefining […]
CBN’s COVID-19 STIMULUS PACKAGE: Analysts examine gains so far
*Forbearance on financial assets of banks By Emeka Anaeto, Business Editor By end of this week, the Nigerian economy would be completing its second month under an unprecedented stimulus regime. The businesses which are just wriggling out of a lockdown would have been fully or partially adjusted to a new normal in terms of the […]
NBS poverty report gross under-estimation of reality— Experts
*Query methodology *Say COVID-19 to worsen poverty level *Poor electricity impoverishing Nigerians By Michael Eboh Economic analysts, on Monday, described the Nigerian poverty statistics released by the National Bureau of Statistics, NBS, as a gross under-estimation of the poverty situation in Nigeria. In an interview with Vanguard in Abuja, the economic analysts and labour leader […]
How Federal Government raised COVID-19 war chest
By Emma Ujah, Abuja Bureau Chief At the onset of the Coronavirus (COVID-19) index case in Nigeria in February the Federal Government provided N102.5 billion for direct interventions in the healthcare sector. A crises fund was established to address emerging and priority funding needs for the economy which had earlier come under pressure even before […]
US oil sinks towards $10 as fund sells off holdings
US oil nosedived towards $10 a barrel Tuesday after a major exchange-traded fund started selling its short-term contracts of the commodity, and storage concerns mounted as the coronavirus strangled demand. In morning London deals, West Texas Intermediate crude for June delivery tumbled more than 21 percent to $10.07 — having plunged 25 percent a day […]
Coronavirus, crude oil price and Nigeria’s economy
*…as investment specialist says Naira’s gone; it’s a question of when? By Michael Eboh As the global spread of coronavirus (COVID-19) worsens, the continuous drop in the price of crude oil in the international market would definitely take a heavy toll on the Nigerian economy. Add this to the absence of reassuring words from the […]
