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Tag: Coro na virus

CACOVID-19 steps up private sector mobilisation against pandemic

CACOVID-19 steps up private sector mobilisation against pandemic

Business
The private sector-led Coalition Against Covid-19 (CACOVID-19) has stepped up its complementary efforts towards freeing the nation from the Coronavirus pandemic. Due to the devastating impact of the pandemic and the limited resources available to the government to tackle the health crisis, the private sector in the Nigeria decided to form the CACOVID-19 to assist the government to fight the virus. The body, which is led by Aliko Dangote, through the Aliko Dangote Foundation(ADF) and Herbert Wigwe of Access Bank, is also backed by Zenith Bank, Guaranty Trust Bank, Central Bank of Nigeria (CBN) among others. The mission is to mobilise private sector leadership and resources to support health facilities to respond to the crisis and also to use their reach to increase awareness throu...
Nigerian Breweries to Raise N48bn via Commercial Paper

Nigerian Breweries to Raise N48bn via Commercial Paper

Business
The Niger State government has relaxed the curfew imposed on the state in the wake of the global coronavirus pandemic. The curfew had first been slammed on the state from 8am to 8pm, but was later reviewed to from 10am to 12 midnight. The chairman of the state Task Force on Covid 19, Alhaji Ibrahim Ahmed Matane, announced the further relaxation of the curfew on Sunday, saying people can now move from 8am to 2pm daily. Matane said the action is to enable people stock food items in their homes. He also directed civil servants on grade levels 1-12, who had been working from home, to resume their normal official duties Monday. In addition, Matane, who is also the Secretary to the State Government (SSG), directed that markets will now be opened from 8:00am to 2:00pm to enabl...
COVID-19: Moghalu Calls for Urgent Fiscal Reforms

COVID-19: Moghalu Calls for Urgent Fiscal Reforms

Economy
The Convener of To Build A Nation (TBAN) and presidential candidate of the Young People’s Party (YPP) in the 2019 general elections, Prof. Kingsley Moghalu, has listed policy actions that should be the main focus of the federation government in the fight against COVID-19 pandemic and its economic impact on the nation. He further opined that Nigeria needs urgent fiscal reforms immediately after the virus, stressing that our economy must become truly diversified away from crude oil. Moghalu, specifically advised that the budget of the federal and state governments should be, “completely re-programmed to focus on COVID-19,” saying, with the exception of security and payment of salaries, nothing else should matter at the moment. The former Deputy Governor of the Central Bank of Niger...