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Nigeria’s economy to shrink 8.9% in worst case: finance minister

21 May 2020, 8:30 PM

Nigeria’s economy could shrink as much as 8.9% in 2020 in a worst-case scenario without stimulus, Finance Minister Zainab Ahmed said on Thursday, a deeper recession than forecast after oil prices plunged due to the coronavirus pandemic.

Nigeria woos local firms to boost manufacturing as coronavirus disrupt imports

19 May 2020, 11:49 PM

Nigeria is wooing local companies to boost manufacturing and food production in the West African country, the central bank said, after the novel coronavirus disrupted imports and created large financing needs.

Nigeria to impose ‘precision lockdown’ in coronavirus hotspots – task force head

18 May 2020, 8:52 PM

Nigeria will impose “precision” lockdown measures in areas that report rapid increases in cases of the new coronavirus but it will slow the phased reopening of the economy, the head of its task force said on Monday.

Nigeria impounds British plane for breaking coronavirus flight ban rules

18 May 2020, 3:00 PM

Nigeria impounded a plane operated by a British company for allegedly contravening a flight ban imposed to prevent the spread of the coronavirus, the aviation minister said on Sunday.

Nigerian comics fight COVID-19 with gags and slapstick slaps

9 May 2020, 9:01 AM

Nigerian comedian Maryam Apaokagi has a sure-fire way of getting people to listen to her coronavirus health advice – she delivers it with a hard slap in the face.

Nigeria to extend ban on all flights by four weeks from Thursday

7 May 2020, 4:02 PM

Nigeria will extend a ban on all flights by four weeks as part of measures to prevent the spread of the coronavirus, a government official told reporters on Wednesday.

Nigeria amending 2020 budget assuming oil at $20 per barrel – finance minister

5 May 2020, 6:33 PM

Nigeria’s government is amending its 2020 budget to assume an oil price of $20 per barrel, Finance Minister Zainab Ahmed said on Tuesday.

Nigeria reopens main cities Lagos and Abuja as lockdowns phased out

4 May 2020, 9:46 PM

Nigeria began easing restrictions on Monday in its capital Abuja and in largest city Lagos, heralding the reopening of Africa’s biggest economy after more than four weeks of lockdowns imposed to contain the new coronavirus.

Forty percent of Nigerians live in poverty – stats office

4 May 2020, 4:29 PM

Forty percent of people in Nigeria live in poverty, figures published by the statistics office on Monday showed, highlighting the low levels of wealth in a country that has Africa’s biggest economy.

Nigeria’s tech experts step in to help those losing livelihoods under lockdown

30 April 2020, 12:19 PM

Tech startup founder Ebun Okubanjo watched with dismay as his home city of Lagos entered a coronavirus-containment lockdown, knowing well that millions of Nigerians on the margins could be left with nothing.

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