Nigerian Stock Exchange shuts trading floors

Reacting to the raging effect of COVID-19 in the country, the Nigerian Stock Exchange will temporarily close its trading floors and engage in remote trading from March 25. NSE Chief Executive Officer, Mr Oscar Onyema, said in a statement on Monday in Lagos that the decision became imperative due to recent developments in the country. […]

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Nigeria seeks China’s support to combat coronavirus as country confirms 36 cases

The Federal Ministry of Health (FMoH) has called on the Chinese Government to lend its technical support to the fight against Coronavirus (COVID19), in the country, following 36 confirmed cases, two discharged and one death recorded. The Minister of Health, Dr Osagie Ehanire, made the plea when the Chinese Ambassador to Nigeria, Zhou Pingjian, made […]

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Coronavirus index case had 179 contacts, says FG

The Italian (with face covered). Photo: @jidesanwoolu Nigeria’s Minister of Health, Osagie Ehanire, on Monday, said that 179 persons had contact with the Italian who brought the first case of coronavirus to Nigeria. The minister, who said this while briefing newsmen update on the virus, said although new cases being recorded were those of Nigerians […]

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Ondo bans public gatherings, orders civil servants to stay at home

Ondo State Government on Monday banned political, religious and social gatherings in the state and ordered civil servants between levels one and 12 to stay at home to check the spread of the coronavirus pandemic. It urged the state chapter of the Peoples Democratic Party, PDP, to postpone its state congress scheduled for Tuesday March […]

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Fayemi inaugurates task force on coronavirus

Ekiti State Governor Kayode Fayemi on Monday inaugurated a special task force to enforce its restriction order aimed at curtailing the Covid-19 pandemic in the state. Inaugurating the committee, Fayemi, represented by the Commissioner for Environment, Mr Gbenga Agbeyo, said the government was not particularly happy about the way its order on congregation was being […]

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INEC reveals how political parties violated rule on election expenses

Stakeholders exposes loopholes exploited by politicians One year after the 2019 general elections, over 60 per cent of political parties that participated are yet to file their statutory returns to the Independent National Electoral Commission (INEC), contrary to the provisions of the Electoral Act. Before the deregistration of 74 parties by INEC recently, 92 registered […]

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How coronavirus will affect Nigeria’s real estate, house prices

As the coronavirus continues to spread, there is fear and trepidation in the air among real estate community, especially as travel and other economic activity have slowed or stopped. Their apprehension also arose that several sectors have taken a heavy beating, except real estate. And with social distancing, house showings may slow down while pullback […]

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