The apex bank in the country, the Central Bank of Nigeria, CBN on the3 rd of May, 2020 came out with a directive in which it stated that it hadstopped banks from sacking any employee during this period and thusallayed the fears of the general public on the status of the employees ofNigerian banks in
Learn MoreIn the wake of the COVID 19 pandemic, the Federal and State Government have undertaken stringent measures such as the creation of new laws, regulations and orders to tackle the spread of COVID 19 in the country. The Federal Government on the 29th of March 2020, ordered a cessation of all movements in Lagos, Ogun,
Learn MoreThe whole world is currently undergoing immense and unprecedented halt in global and economic activities due to the outbreak of the pandemic known as COVID-19. Businesses across the globe have had to shut down, with their employees working remotely, while a large number have lost their employment as a result of impracticality of payment of
Learn MoreIn Nigeria as in most developing economies, the COVID 19 outbreak puts enormous strain on the economy, even as it is still recovering from the 2016 economic recession which was as a result of a fall out of the global oil price crash and insufficient foreign exchange earnings to meet import costs. COVID 19’s effect
Learn MoreIntroduction The Nigerian Port Authority (NPA) and Nigeria Customs Service (NCS) are important agencies at the border and entry points in the country and have no doubt experienced a down turn in the dispensation of their regulatory functions with the outbreak of the Coronavirus (COVID-19) pandemic in Nigeria. Flowing from the increasing spread of the
Learn MoreThe oil and gas industry in Nigeria is extremely important to the country in terms of what it contributes to the economy and the necessity of energy for day to day living. This write-up will highlight the impact that the COVID-19 pandemic is having on the Nigerian oil and gas industry currently and in the
Learn MoreThe world has been taken by storm due to the spread of the coronavirus pandemic which has affected every facet of life. Due to the pandemic, many economies of the world, including Nigeria, are either slowing down or crumbling based on the effect on people and businesses, both large and small. This has led to
Learn MoreThe novel event of the very recent has indubitably shown that when we are confronted with a grave existential crisis, all other things hitherto considered essential pales into insignificance. In the wake of the outbreak of the neoteric Coronavirus Disease (code-named COVID-19), several institutions’ services were suspended and/or banned by the government. The Courts...
Learn MoreIn a report released by Financial times in 2016, Egypt remained the leading destination for foreign direct investment (FDI) into Africa in 2015 with $14.5bn of announced investments. This is against the background of a volatile exchange rate, reduced imports and exports, and a private sector that had been in recession for a year. Nigeria
Learn MoreForeign Affairs Minister Geoffrey Onyeama told newsmen at a forum in Abuja last weekend that Nigeria and South Africa have set up a 24-hour early warning system to protect Nigerians from unwarranted attacks. Onyeama said that the Ministry of Foreign Affairs discovered that the Nigerian Union in South Africa did not have any access to
Learn MoreThe long-awaited Petroleum Industry Bill will be presented for third reading on April 25, 2017, Senate President Bukola Saraki has promised. Last week, the joint petroleum committee which consists of members of the committees on petroleum (downstream and upstream) and gas submitted its report to the Nigerian Senate, marking the farthest step in reforming
Learn MoreKusamotu & Kusamotu © 2013 - 2016 All Rights Reserved