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Economy
Global economy slips into recession on Coronavirus impact says IMF
Ravaging Coronavirus pandemic which began as a health crisis has now pushed the global economy into a recession - as bad or worse than the 2009 financial crisis - according to the…
Fitch slams downgrade on Nigerian lenders after Moody’s warned about banks’ asset…
Fitch Ratings has downgraded the three-highest rated banks in Nigeria to Long-Term Issuer Default Rating (IDR) 'B' and Viability Rating (VR) 'b', and placed National Ratings of all 10 rated…
S&P downgrades Nigeria deeper into junk over oil price decline
Global rating agency Standard & Poor’s has downgraded Nigeria’s credit rating further into junk territory on weak external position linked to the oil price crash, it said. Nigeria’s…
Appraising Nigeria’s conglomerates sector
A company is regarded as a conglomerate if it has a combination of multiple business entities operating in entirely different industries under one corporate group. Having a wide range of…
US Jobless claims hit 3.2m first time since 1982
The number of jobless claims in the United States has reached 3.2 million for the first time since 1982. The record is coming after weeks in which the pandemic coronavirus has forced many…
Coronavirus: Lagos extends filing deadline for annual tax returns
The Lagos State Internal Revenue Service (LIRS) has extended the deadline for filing annual tax returns for employees and self-employed persons by two months from 31 March 2020.…
Manufacturing PMI at 35-month low signals lingering woe for growth-challenged Nigeria
After recording its fastest quarterly growth since 2016 recession, the coronavirus outbreak could see Nigeria’s economy slow or contract in the first quarter of 2020, as manufacturers have…
Nigerian firms’ confidence index deteriorates to 6.6 points in March
The overall confidence of Nigerian businesses on macro economy has worsened as the index fell to 6.6 points in March from 26.6 in February 2020. The Central Bank of Nigeria (CBN) on…
Lawan, Gbajabiamila meet ministers, Emefiele on planned 2020 budget review
The Leadership of the National Assembly on Wednesday held a meeting with some Ministers and Heads of agencies from the Executive arm of Government, as well as the Governor of Central Bank,…
Nigeria government may be heading for complete lockdown as Coronavirus spreads
There are now fears the Nigeria government may be heading for a complete lockdown , as more officials of the Buhari government may have been affected by the ravaging Coronavirus.…