Business Economy Top Story

Nigeria’s economy shrinks 6% in Q2 on oil crash, pandemic double whammy

Reading Time: 2 minutes Nigeria imposed lockdowns in Lagos and Abuja in Q2 Oil sector contracted by 6.63% Nigeria is Africa’s largest economy Nigeria’s economy contracted by 6.1% in the second quarter of 2020 from a year earlier, the statistics office said on Monday, with lockdowns in its two main cities and low oil prices taking their toll. The Read More…

Business Policy Top Story

Lagos Considers Full Re-Opening of Economy, Embarks on Assessment of Readiness of Businesses

Reading Time: 3 minutes LASEPA, Safety Commission To Re-Register, Assess Businesses Before Re-Opening Infected Govt House Staffers Have Recovered’ – Governor Lagos State is considering full re-opening of the critical sectors of its economy, Governor Babajide Sanwo-Olu, revealed on Sunday. But, the move will not be pushed in a hurry. In the coming days, Sanwo-Olu said the State Government Read More…

Society

More Lagos residents say lockdown extension unavoidable bitter pill

Reading Time: 4 minutes More Lagos residents are reacting  to the extension of the lockdown of the state by the Federal Government, with many describing it as a price to pay for survival. The residents, who spoke with the News Agency of Nigeria (NAN) on Wednesday, said that the extension was well-intended, but poor residents  would suffer, if not Read More…