How pandemic renders 42% Nigerian working class jobless

Nigerian Bureau of Statistics, jobless, NBS, Job loss, Covid-19, Coronavirus, Pandemic, Lockdown, Economy

As Nigerians now live on ration No less than 42 per cent of working individuals in Nigerians became redundant few weeks into Coronavirus induced crisis for COVID-19 pandemic  related reasons, a new report has revealed. According to COVID-19 Impact Monitoring Survey Report for May 2020 just published by the National Bureau of Statistics (NBS), the poorest households from the lowest consumption quintile reported the highest share of 45 per cent of the cases, but the rate was also high for the wealthiest households, at 39 per cent. According to the…

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World Bank releases guidelines for reopening of economies

World Bank cuts Nigeria’s 2021 growth forecast

The World Bank has released steps countries, especially poor countries, can adopt to cushion negative impacts of Coronavirus pandemic (COVID-19) on their economies. This is targeted governments and authorities across nations mulling partial or total reactivation of their economies, having been forced to shut down operations in most sectors the pandemic over past months. According to analytical chapters released Tuesday by the World Bank Group’s Global Economic Prospects Report, “developing countries and the international community can take steps now to speed recovery after the worst of the health crisis has…

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How covid-19 forces businesses to patronise data centres

How covid-19 forces businesses to patronise data centres

Data centres in Nigeria are witnessing improved patronage from businesses in the country and beyond due to most businesses raise the bar of digitization of their operations. This is in response to restrictions and lockdown orders induced by coronavirus pandemic (COVID-19) lockdowns which forced individuals and corporate entities to shun physical offices. The current state of data centres in the country was shared with BusinessMetricsNG by Gbenga Adebiji, chief operating officer of MDXi, a data centre owned by MainOne, West Africa’s premier connectivity and data centre solution provider. According to Adegbiji, these…

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