Countries globally are facing “a twin crisis of unprecedented proportion” of a public health threat in the form of a new coronavirus and heightened risk of an economic recession, a Singapore minister said Wednesday. The number of reported cases of…
Category: Economy and Finance
Philippines suspends stock market trade over Coronavirus fears
The Philippines suspended trade on its local stock exchange Tuesday, becoming the first country to close its financial market over coronavirus fears. President Rodrigo Duterte on Monday ordered most of the 55 million people on the main island of Luzon,…
Indian macroeconomic outlook vulnerable to disruption of trade with China : Finance Ministry on coronavirus
New Delhi: The government on Monday said India’s near-term macroeconomic outlook is vulnerable to disruption of trade with China due to the coronavirus outbreak but the latest data do not suggest any adverse impact on the economy, and sliding crude…
Coronavirus: Construction, transport, chemical manufacturing likely to be worst-affected, says report
NEW DELHI: Construction, transport and chemical manufacturing sectors are likely to be the worst-affected by the coronavirus pandemic in China, says a report. However, India’s top imports — crude oil and gems and jewellery — which collectively account for 46…
EU leaders divided on how to protect economies after coronavirus
Christine Lagarde, president of the European Central Bank, speaking at the European Parliament in Strasbourg. Europe’s economy was meant to have a decent year in 2020. Factory production in the 19-country eurozone rose strongly in January, after a tentative truce…
COURT GRANTS EFCC PERMISSION TO ARRAIGN DIEZANI ALLISON MADUEKE AND OMOKORECOURT GRANTS EFCC PERMISSION TO ARRAIGN DIEZANI ALLISON MADUEKE AND OMOKORECOURT GRANTS EFCC PERMISSION TO ARRAIGN DIEZANI ALLISON MADUEKE AND OMOKORE
COURT GRANTS EFCC PERMISSION TO ARRAIGN DIEZANI ALLISON MADUEKE AND OMOKORE Olarinoye Tunde: The Nigeria Economic and financial crime commission has been granted leave to arraign the former minister for Petroleum Resources Diezani Alison –Madueke and former Chairman of Atlantic…
EFCC ARRESTS LEBANESE FOR MONEY LAUNDERING
The Nigeria Economic and Financial Crime Commission has arrested a Lebanese Abbas Lakis for money laundering. He was picked up at Nnamdi Azikwe International Airport Abuja following an intelligent report that he had undeclared huge sums of money aboard the…
Kaduna Women rejoice over hike of cost of Alcohol
The prices of beer and cigarettes rose yesterday as the new excise duty rates for alcoholic beverages and tobacco began, just as many women said their husbands can now stay at home with the families. A cross section of women…
Fuel Importation Information: Nnpc Rejects Falana’s Request
The Nigerian National Petroleum Corporation, NNPC, has declared that it has no obligation to respond to the Freedom of Information, FoI, request made by human rights lawyer, Mr. Femi Falana(SAN), on fuel importation and sundry matters. In a letter by…
Alcohol, Cigarettes – FG Begins Implementation of New Tariffs Today
The recently approved excise duty for alcoholic beverages and tobacco will take effect today. President Muhammadu Buhari had approved the amendment to the excise duty rates in March. However, a non-governmental organisation, Business Renaissance Group, has asked the Federal High Court in Abuja…