NIGERIA'S economic woes are mounting further after it emerged that 50 shiploads of Bonny light crude remain unsold at the nation's export terminals despite India relieving the pressure a little with the purchase of some petroleum earlier this week.

By Ayo Akinfe

(1) Over the last 48 hours, enough has happened to make serious alarm bells ring across Nigeria. We are unable to sell crude oil to anyone and our debt profile keeps growing by the day at an alarming rate

PETROLEUM economist Professor Chijioke Nwaozuzu has warned that Nigeria needs to generate about $40bn this year if the government is serious about reviving the economy and avoiding a deep recession as a result of the coronavirus pandemic.

NIGERIA’S 36 state governors have endorsed a three-month plan aimed at gradually re-opening the country’s economy which they believe will lead to the return of normal economic activity in the post-coronavirus era.

PHARMACEUTICAL giants Roche and Gilead have decided to combine forces and mix their drugs Tocilizumab and Remdesivir together in a desperate bid to come up with a cure for the dreaded Covid-19 virus.

PRESIDENT Muhammadu Buhari has written to Nigeria’s Federal House of Representatives requesting that it grant the executive approval to secure fresh foreign loans of $5.51bn to enable the government fund its 2020 budget.

NIGERIA'S Super Eagles may have to wait until 2022 before participating in the next continental tournament after the Confederation of African Football (Caf) revealed that it is considering postponing the 2021 African Cup of Nations due to the Covid-19 pandemic.

By Ayo Akinfe

(1) It appears that the Nigerian government has given up on trying to get churches and mosques to observe social distancing. Governors across the country are being pressurised by imams and pastors to lift the ban on religious services

HEALTH officials in Lagos State have conformed the death of a man identified as Joel who recently lost his life after being refused treatment at the Isolo General Hospital for fear of being infected with the Covid-19 virus.

NIGERIA'S National Agency for Food and Drug Administration and Control (Nafdac) has said it will continue with clinical trials of the two drugs Hydroxychloroquine and Chloroquine in its search for a cure to Covid-19 despite the World Health Organisation (WHO) giving up on them.