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The Lagos Chamber of Commerce and Industry (LCCI) says the outlook for global economy appeared bleak, going by the effects of the ongoing COVID-19 pandemic. The LCCI’s President, Mrs Toki Mabogunje, made the assertion at the LCCI’s Forum on Impact of Coronavirus on Nigerian Economy, on Tuesday in Lagos. Mobogunje, represented by the Deputy Vice President of LCCI, Mr Michael Olawale-Cole, said that the COVID-19 outbreak which had dealt a severe blow to the global economy, if not curtailed, could result to global economic recession. According to her, the disease has disrupted and is still disrupting businesses, economic and financial…

President Muhammadu Buhari on Tuesday met behind closed doors separately with Gov. Douye Diri of Bayelsa and the Economic Advisory Council at the Presidential Villa, Abuja. Speaking to State House correspondents after the meeting, the governor described his visit to the State House as private. Diri, who was sworn in as governor of Bayelsa following a Supreme Court verdict that ousted the governor-elect of the State, David Lyon and his Deputy, Biobarakuma Degi-Eremieoyo, said he met the president officially for the first time since his assumption of office on Feb. 14. The apex court, in a unanimous decision by a…

President Muhammadu Buhari on Tuesday in Okene charged Gov. Yahaya Bello and other relations not to mourn the death of their mother but to celebrate her in death for living a life worthy of emulation. Buhari, who gave the charge at the third day Fidau prayer of Hajia Hawawu Bello, mother of the Kogi governor, described the deceased as a mother who lived a fulfilled life. The President whose condolence message was read by his Chief Of Staff, Alhaji Abba Kyari, said that the vacuum created by the death of Hajia Hawawu would be difficult to fill but urged the…

Oyo State Governor, Engineer Seyi Makinde, has ordered the immediate renovation of blocks of classrooms and supply of furniture to St John Secondary School, Ode-Aje, Aremo, Ibadan and other worst-hit schools in the metropolis. The governor, who made the order during an on-the-spot assessment to St. John’s School Aremo, Ode-Aje, Ibadan, said the government will try its best to ensure that the schools are fixed as quickly as possible. A statement signed by the Chief Press Secretary to Governor Makinde, Mr. Taiwo Adisa, quoted the governor as saying that the terrible condition of classrooms in the school would be addressed…

Dr Lanre Olosunde, the Chairman of Association of Resident Doctors (ARD), University of Ilorin Teaching Hospital (UITH) Chapter has called on the Federal Government to ban travel to or from the epicenters of coronavirus. Olosunde, who spoke with News Agency of Nigeria (NAN) on Tuesday, made the call while reacting to the report of a third case of coronavirus confirmation in Lagos. He said: “For me, the government should close all borders and ban travel to or from the epicenters of COVID 19. “It will only become worse when we continue to allow coronavirus cases to enter Nigeria. “Our healthcare…

Anambra Government is to establish mobile courts to try defaulters of street trading, construction of unapproved street stalls and littering of the environment in the state. Mr Douglas Okafor, the Managing Director, Operation Clean and Healthy Anambra (OCHA Brigade) made the disclosure while briefing newsmen in Awka on Tuesday. Okafor said that the agency had regularly advised the people to dismantle shanties, illegal structures to decongest traffic and to stop unapproved public trading but the practice had continued. “In some cases, when you confiscate their goods because of the offense committed, we start to receive calls from all manner of…

The Defence Headquarters (DHQ) has approved the establishment of the Directorate of Defence Media Operations (DDMO) for coordinating joint information management on peacekeeping and other combat operations of the Nigerian troops. The Directorate is tasked with the sole responsibility of disseminating information on the Armed Forces of Nigeria and other security agencies during special operations. PRNigeria gathered that the new Directorate will restrict its mandates to analyzing information on combat and peacekeeping operations, while strategically and tactically liaising with critical stakeholders. The Chief of Defence Staff (CDS), General Gabriel Olonisakin has appointed Major General John Enenche as Coordinator of the…

An afternoon fire on Tuesday razed offices at Gusau Local Government Secretariat in Zamfara, but officials said no injuries were reported. News Agency of Nigeria (NAN) reports that it took the combined efforts of the local council workers and the state fire service to bring the fire under control. However, despite the efforts, the offices of the council’s Vice Chairman, Nigeria Immigration Service, Director of Agriculture and National Orientation Agency were completely burnt. Alhaji Nura Musa, Secretary of the local government said the disaster was caused by an electrical fault in one of the offices of the secretariat. “We did…

Mr Samson Olatunde, the Chairman of Olorunda Local Council Development Area (LCDA) Iworo, Badagry, Lagos State, on Tuesday presented the 2020 budget estimate of N2.1 billion to the council’s legislative arm. Presenting the budget proposal to the legislators, Olatunde said that the budget would be revenue-based with aggressive revenue generation. He said that the LCDA would be seeking an N170 million loan from Zenith Bank to purchase road construction equipment, to be paid in 48 installments. According to him, this will enable the council to embark on direct labour, road rehabilitation and construction. Olatunde gave the breakdown of the budget…

Some financial economists on Tuesday commended the Central Bank of Nigeria (CBN) for coming up with some policy measures to ameliorate the effects of coronavirus pandemic on the country’s economy. The experts who gave the commendation in separate interviews with the News Agency of Nigeria (NAN) in Lagos, commended the apex bank for not waiting for something to happen before intervening. NAN reports that the apex bank announced a reduction of interest rates in all its intervention facilities from nine per cent to five per cent per annum for one year. The bank also extended moratorium of all CBN intervention…