Cape Town — Levels of poverty, economic opportunities, and unemployment are key factors increasing the likelihood of conflict, and there has been strong agreement that climate change, is a major driver of violent conflict. Climate has affected the risk of violence within countries, and as global...
United Bank for Africa Plc (UBA) today announced a donation of over 5 billion Naira (U$D14 million), through the UBA Foundation, to catalyse a comprehensive pan-African response to the fight against the Coronavirus (COVID-19) global pandemic. The donation will provide significant and much needed support to...
International benchmark Brent crude fell to $25 a barrel last week, after starting out the year at more than $65. Amid the ongoing historic meltdown in the global oil industry, characterized by a supply crisis and an unprecedented demand event, there are indications prices may...
Doctors around the world are suggesting that a loss or reduced sense of smell and loss of taste are significant symptoms associated with COVID-19, the new coronavirus disease which was caused by SARS-CoV-2. They, however, caution that the evidence is preliminary. It has been reported that anosmia (the...
The Lagos state government has ordered the shutdown of all non-essential markets and stores for a duration of seven days effective Thursday, March 26, 2020, to curb the spread of coronavirus. Addressing Lagosians on Tuesday, March 24 at the State House in Marina, Governor Babajide Sanwo-Olu...
The umbrella organization for Nigeria’s private sector has asked the federal government for a tax holiday and other alleviating measures to help relieve the sector of the distress brought by the global COVID-19 outbreak. Implications of the ongoing pandemic on the private sector could be severe enough to...
Nigeria is considering cutting its $28 billion (₦10.6 trillion) record budget for the year by at least $4.90 billion (₦1.5 trillion), finance minister Zainab Ahmed said this week, as the government reacts to the economic fallout of the coronavirus outbreak. The pandemic has taken a massive...
Kenya’s plan to sign a free trade deal with the United States is set for a long legal tussle after two lawyers challenged the controversial move at the East African Court of Justice. Christopher Ayieko and Emily Osiemo filed a petition at the regional court challenging the...
With 46 confirmed cases of coronavirus in Nigeria as of 7:00 am on March 25, 2020, top banks across the country have intensified safety measures to curb further spread of the virus. AccessBankPlc closed its VI branch after a customer was tested positive for Coronavirus after visiting the bank...
TheNigerian Stock Exchange has extended the time for quoted companies to submit their audited financial statements for the year ending December 31, 2019, a move meant to reduce the challenges caused by the COVID-19 pandemic, it said in a circular issued on Tuesday, March 24, 2020. According to the NSE,...
