Ayo Akinfe
(1) I have studied the recent report just published by the Nigerian Bureau of Statistics and from everything I can see, the economy looks set to shrink by between 9% and 10% during the course of 2020 as a result of the Covid-19 pandemic
(2) Anyone thinking the government can bail the country out is...
NIGERIA has entered into her worst recession in four decades as the economic fallout from the coronavirus pandemic looks set to decimate the economy in a devastating manner last witnessed in the 1980s when oil prices collapsed.
Being a mono-economy, over 90% of Nigerian government revenue comes from the sale of crude oil and...
NIGERIA'S former finance minister Dr Ngozi Okonjo-Iweala has been named as the new director-general of the World Trade Organisation (WTO) after winning the final selection round this morning with a landslide victory.
Dr Okonjo-Iweala, 66, has been involved in a two-horse race for the job alongside South Korea's trade...
WORLD Bank officials have approved a sum of $12bn to help developing countries like Nigeria and other African nations purchase Covid-19 vaccines when they become available most likely by the end of this year.
As soon as the pandemic struck in early 2020, scientists in several countries stepped up work to produce a vaccine...
DEVELOPING nations struggling from the economic impact of the coronavirus pandemic have been promised by the World Bank Group that they will be offered assistance to enable them resume growth and respond to the devastation it has caused.
With most developing nations heavily dependent on the export of primary commodities,...
PRESIDENT Muhammadu Buhari has presented Nigeria's most ambitious budget ever to the National Assembly when he unveiled a record-breaking N13trn ($33.68bn) package before lawmakers this morning.
Historically, Nigeria's budget has averaged between $20bn and $25bn but for 2020, the federal government presented a radical one of...
AMERICAN oil giant Chevron is making 25% of its Nigerian staff redundant as the crippling effects of the coronavirus lockdown and the subsequent collapse in global petroleum prices and demand are taking their toll on the economy.
With about 90% of government revenue coming from the sale of crude oil, Nigeria is heavily...
NIGERIAN health campaigner Dr Funmi Adewara has been given a sustainable development goal (SDG) award by the World Bank in recognition of her unrelenting work in the field of telemedicine.
Based in the UK, Dr Adewara is the founder of Mobihealth International, a company that offers health advice to Nigerians from the...
NIGERIAN labour unions have finalised plans for a nationwide rally on September 28 to protest the recent government decision to remove the country's petrol subsidy and to hike electricity tariffs as a means of generating extra revenue.
Badly hit by the recent coronavirus pandemic, Nigeria's economy is in the doldrums as the...
NIGERIAN labour leaders have issued a two-week ultimatum to the federal government to reverse the recent hikes in electricity tariffs and fuel pump prices or face the prospect of nationwide industrial action.
Badly hit by the recent coronavirus pandemic, Nigeria's economy is in the doldrums as the lockdown precipitated by...
