COVID-19 Lockdown
How Technology Can Help Youth Unemployment in Nigeria
Sourced from Entrepreneur Platform. In the second quarter of 2018, youth unemployment peaked at 38% in Nigeria. Although there are no recent statistics, experts in the labour sector say the figure has surged year-on-year. Now with the worldwide reaching effects of the COVID-19 pandemic, the situation has become direr as various sectors of the economy and industries stand greatly threatened including the financial and technology industry in Nigeria. Recently, companies like Andela, a software engineering talent company, laid off 135 of its staff across four locations in Africa including Nigeria. The Vanguard Nigeria reports that some financial institutions and commercial banks have had to also take measures like salary cuts to thwart mass layoffs. Another financial institution, Ren Money, r...
Governor Wike extends relaxation of Port Harcourt, Obio/Akpor lockdown till Sunday
Governor Nyesom Wike of Rivers state has extended relaxation of the Covid-19 lockdown he imposed on Obio/Akpor and Port Harcourt Local Government Areas till Sunday. Wike in a Wednesday evening broadcast said, the total lockdown on the Port Harcourt metropolis, expected to take effect again from Thursday following two days. (Tuesday and Wednesday) breather for residents to restock for food and medicals will now resume 17 May. He said, “In consideration of concerns of our people, and need for residents to replenish their supplies especially, the State Security Council decided to impose night-time curfew and review the effective date of the complete lockdown on Obio/Akpor and Port Harcourt City LGAs from the Thursday 14 May to Sunday 17 May 2020 by 8.00 p.m.” “Consequently, there will be nigh...
COVID-19: TransUnion Provides Key Info to Kenya’s Financial Services Providers
Global information and insights company TransUnion says Kenya’s financial services providers and consumer credit market will have to drive a robust, proactive response to the COVID-19 crisis if they are to manage the risks to the industry, with the pandemic expected to have a major impact on the country’s economy and the consumer landscape. Past crises and initial data suggest there will be ‘a significant reduction’ in the quality and volume of credit in Kenya as consumers and businesses grapple with lower income. What will define the COVID-19 pandemic for the consumer credit market is how banks and lenders respond to the challenges it presents, says Billy Owino, CEO of TransUnion Kenya. To help the consumer credit market respond to the crisis, TransUnion this morning launched its COVID-19...
Foundation donates face masks, rice to Ebonyi communities
Ebonyi State Government As the people and residents of Ebonyi State await both federal and state relief to cushion the hardships of the COVID-19 lockdown, an NGO, Golden-Julius Foundation (GJF) has stepped in to distribute over 2,000 bags of rice and other food items worth millions of naira to the indigent and disadvantaged people in the Nguzu and Ebiri communities of Afikpo South local government area. The Foundation also distributed over 3,000 face masks and hand sanitisers. The Foundation, which is owned by a popular philanthropist and businessman from the area, Chief Julius Ama Orji, popularly known as Ochiri, has been a platform for offering scholarships to indigent students, orphans, and for the empowerment of youths and widows in Edda communities and beyond. Speaking during the hous...
Doing Business in a Post-Lockdown World
Sourced from Business News Daily At the beginning of March, few anticipated the significant impact the COVID-19 pandemic would have on the lives of all South Africans. As the gradual easing of the strict lockdown conditions continues, thoughts turn to how companies will begin their recovery. Ian McAlister, GM of CRS Technologies, looks at what to expect. From Friday 1 May, South Africa transitioned to Level 4 lockdown conditions which will result in several more industries resuming operations, albeit in a limited capacity. And while all the details around operational issues are still to be confirmed, expectations are that at least 1.5 million South Africans will be returning to work. In part, this is designed to get the economy back up and running following several weeks of virtual non-act...
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