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Posts tagged with "coronavirus pandemic"

IMF revises Nigerian economic growth upwards due to higher crude prices as a result of Ukraine war African News

IMF revises Nigerian economic growth upwards due to higher crude prices as a result of Ukraine war

INTERNATIONAL Monetary Fund (IMF) officials have raised their forecast for Nigeria’s economic growth in 2022 to 3.4% as a result of a significant rise in crude oil prices brought about by the Russia-Ukraine war.   In the aftermath of the lockdown brought about by the coronavirus pandemic, Nigeria was in dire straits as...
European clubs latch on to Omicron strain using it as an excuse to  withhold players from Nations Cup African News

European clubs latch on to Omicron strain using it as an excuse to withhold players from Nations Cup

NIGERIA may have problems getting hold of members of the Super Eagles for the forthcoming African Cup of Nations because top European clubs are stepping up their objections to player release for the tournament.   Historically, European clubs have been compelled to release their African players for the Nations Cup as Fifa...
Norway wants Nigeria to lift the foreign exchange restrictions placed on stockfish imports African News

Norway wants Nigeria to lift the foreign exchange restrictions placed on stockfish imports

NORWAY is stepping up pressure on the Nigerian government to rescind its restrictions on the importation of stockfish as the economic impact of the restriction imports brought about by the need to conserve foreign exchange.   Made from cod, stockfish is a unique product only manufactured in Norway but the product is mainly...
Lagos State accounts for 81% of all Nigerian investments during the third quarter of 2021 African News

Lagos State accounts for 81% of all Nigerian investments during the third quarter of 2021

AS much as 81% of all the investment that went into Nigeria during the third quarter of this year was invested in Lagos State according to statistics just released by the Nigerian Investment Promotion Commission (NIPC).   Like most other nations worldwide, Nigeria has been hit hard by the coronavirus pandemic and is only just...
Soyinka reveals how he was prevented from entering Nigeria over Covid-19 restrictions African News

Soyinka reveals how he was prevented from entering Nigeria over Covid-19 restrictions

NOBEL laureate Professor Wole Soyinka has revealed that he was prevented from boarding at aircraft at the Charles de Gaulle Airport in Paris for failing to obtain what the airline staff described as a permit to travel’ to Nigeria.   With countries worldwide lifting travelling restrictions as the coronavirus pandemic eases,...
IMF forecasts that Nigeria will enjoy 2.6% GDP growth in 2021as her economy recovers from Covid-19 African News

IMF forecasts that Nigeria will enjoy 2.6% GDP growth in 2021as her economy recovers from Covid-19

INTERNATIONAL Monetary Fund (IMF) forecasters have slightly increased Nigeria’s growth prospects to 2.6% and 2.7% for 2021 and 2022 respectively amid signs that the economy has now overcome the worst of the coronavirus pandemic.   Following the impact of the Covid-19 crisis, Nigeria suffered from negative economic growth,...
Nigerian luxury jet operators anticipate business boom as pandemic offers the sector a boost African News

Nigerian luxury jet operators anticipate business boom as pandemic offers the sector a boost

  NIGERIAN luxury travel operators are looking to expand their presence in the global industry significantly as the sector looks set to expand dramatically in the post-coronavirus era as demand for private travel/seats sharing grows.   It is estimated that the global luxury travel market estimated to grow by $1.23trn...
Buhari uses his UN address to call for writing off of developing nations' debts in the wake of Covid-19 African News

Buhari uses his UN address to call for writing off of developing nations' debts in the wake of Covid-19

PRESIDENT Muhammadu Buhari used his address to the United Nations General Assembly (UNGA) to call earlier today to call on industrialised nations to write off developing nations' debts to enable them recover from the debilitating effects of the coronavirus pandemic.   Earlier today, President Buhari addressed the 76th UNGA in...
Nigeria's GDP grew by a surprising 5% during the second quarter of 2021 as recovery begins African News

Nigeria's GDP grew by a surprising 5% during the second quarter of 2021 as recovery begins

NIGERIA'S gross domestic product (GDP) grew by a surprising 5% during the second quarter of 2021 according to data just released by the National Bureau of Statistics (NBS) indicating that the country is recovering from the effects of the Covid-19 pandemic.   Over the last year-and-a-half, Nigeria has been hit hard by the...
Health officials express concern about spread of Covid-19 in Nigeria as death toll rises by 240% Health

Health officials express concern about spread of Covid-19 in Nigeria as death toll rises by 240%

FEARS are growing among Nigerian health officials that the coronavirus pandemic may have a lingering effect in the country as the death toll over the last week has increased by 240% and the number of people testing positive is also rising.   So far, Nigeria has been spared the worst of the pandemic but with restrictions being...
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