Morocco’s economy is expected to contract by 13.8% in the second quarter under the impact of the coronavirus lockdown, the state planning agency said on Sunday.
The Federal Government has inaugurated the Joint Planning Committee (JPC) for the 26th Nigerian Economic Summit (NES#26) scheduled to hold in October 2020.
South Africa’s current account balance swung to a surplus of 1.3% of gross domestic product (GDP) in the first quarter of 2020 from a deficit of 1.3% of GDP in the previous three months, central bank data showed on Thursday.
The Presidential Economic Advisory Council yesterday warned that the smooth implementation of the N2.3trn stimulus package could be hampered if the ensuing problems were left unattended to.
The coronavirus pandemic could set back incomes in sub-Saharan Africa by a decade as weak oil prices, a tourism standstill and business lockdowns shrink the region’s economy 3.2 percent in 2020, an IMF official said Monday.
“The Myanmar economy is being impacted by the outbreak of COVID-19 through a sharp decline in tourism and remittances and supply chain disruptions,” Mitsuhiro Furusawa, IMF deputy managing director, said in a statement.
The collapse in crude oil prices, coupled with the COVID-19 pandemic, is expected to “plunge the Nigerian economy into a severe recession, the worst since the 1980s”, the World Bank said on Thursday.
Prof. Hussaini Ibrahim, the Director-General, Raw Materials and Research Development Council (RMRDC), says the council is working hard to achieve a huge reduction in the importation of sugar in the country.
Mr Olamilekan Adegbite, Minister of Mines and Steel Development, says the Federal Government has designated seven of the country’s strategic minerals to unlock the enormous potential in the mining sector.
Dr Hassan Mahmud, Director, Monetary Policy Department, Central Bank of Nigeria (CBN), on Tuesday advised West African countries affected by COVID-19 pandemic to look inward and use their domestic resources to revamp their economies.
The ACUF Board Chairman, Dr Chiwuike Uba, who stated this in a statement on Tuesday, commended the Federal Government for conceptualising a policy response needed to jumpstart Nigeria’s economy after COVID-19 pandemic.
The pandemic affected the price of oil, the mainstay of Nigeria’s revenue. This led to the reworking of the 2020 budget by the executive arm of government to reflect the current economic realities.
The Minister of Communications and Digital Economy, Dr Isa Pantami, has expressed delight over the growth of ICT’s contribution to Nigeria’s GDP in the first quarter of 2020 (Q1 2020).
Lagos State Commissioner for Wealth Creation and Employment, Mrs Yetunde Arobieke, said the Lagos State Employment Trust Fund (LSETF) has supported 2,204 businesses to expand with the aim of reducing unemployment in the state.
Chelsea are reportedly heavily interested in Atletico Madrid goalkeeper Jan Oblak to solve the ongoing issue with club record signing Kepa Arrizabalaga.
Dr Tedros Ghebreyesus, Director General, World Health Organisation (WHO) says COVID-19 remains public enemy number one, but that actions of many governments and people do not reflect this.
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and the Petroleum and Natural Gas Senior Staff Association (PENGASSAN) on Monday alleged that the Nigerian National Petroleum Corporation (NNPC) sacked 850 contract workers.
The National Association of Proprietors of Private Schools has appealed to the Federal Government to review its stand on the suspension of 2020 public examinations.
An interest group, Ilaje Advancement Forum, has said it is time for Ilaje in Ondo Southern Senatorial district to produce the next governor of Ondo State.
Newcastle have been linked with a move for the Argentine manager Mauricio Pochettino this summer.
The suspended acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr Ibrahim Magu, may be facing fresh cases of alleged re-looting of funds recovered by the commission as well as bribery.
Chama Cha Mapinduzi, CCM, Tanzania’s ruling party, has endorsed the candidature of President John Pombe Magufuli for upcoming presidential polls.
At least 246 Nigerians stranded in Dubai, the United Arab Emirates due to the coronavirus pandemic have returned home.
Committee on Basic Education and Services, Hon. Julius Ihonvbere, has warned the Federal Government to rescind its decision on the cancellation of this year’s West African Secondary School Certificate Examination (WASSCE).