Tag
CORONAVIRUS OUTBREAK
Arik Air has declared the suspension of all flights to West Coast destinations effective from Monday, March 23, 2020 because of Coronavirus.
The Federal Government has issued a travel ban against 13 countries to curb the spread of Coronavirus (COVID-19).
The Director General, National Youth Service Corps (NYSC), Brigadier General Shuaibu Ibrahim, has explained that no case of Coronavirus has been recorded at the orientation camp and that the exercise was suspended as a precautionary measure to curb the spread of COVID-19.
Oil prices slumped further on Monday to $30, the lowest in four years. Price of the Brent crude dropped by 10% to $30.49 per barrel.
President Muhammadu Buhari has made currency stability a key pillar of his plan to revive an economy still reeling from the collapse of oil prices in 2014.
There are studies and research that the Coronavirus outbreak may be linked to the launch of the 5G internet services in China, in November 2019.
With oil prices falling amid concerns over a price war between Russia and Saudi Arabia, and the coronavirus outbreak obliterating stock markets, Nigeria is in a fragile position.
Trading on the floor of the Nigerian Stock Market on Wednesday saw another heavy fall in stock prices.
Airlines across the globe have suspended all flights to China and modified some other routes in response to the Coronavirus outbreak.