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A man is silhouetted against the logo of the World Bank at the main venue for the International Monetary Fund (IMF) and World Bank annual meeting in Tokyo. REUTERS-Kim Kyung-Hoon

IMF: Multilateral response critical to overcome coronavirus in India, globally

The International Monetary Fund (IMF) has stated that a multilateral response is critical to overcome the COVID-19 pandemic in India and globally.

NEPC charges SMEs to embrace modern product packaging for exports packaging

The Nigerian Export Promotion Council (NEPC) has charged Small and Medium Enterprises (SMEs) to embrace modern packaging of their products to make the required impact on both domestic and export markets.
The Nigeria Investment Promotion Commission (NIPC) has restated its commitment toward promoting Nigeria’s investment opportunities.

NIPC: Nigeria records $8.41 billion investments in Q1 2021

The Nigerian Investment Promotion Commission (NIPC) said it tracked $8.41bn worth of Investments from 15 Projects across eight States. The States include: Bayelsa, Lagos, Kano, Nasarawa, Delta, Edo, Bauchi and Akwa Ibom.
The naira this morning reversed its two weeks loss to the dollar in the parallel market, appreciating by N20 to N470 per dollar.

PAEC: Nigeria needs $1.6 trillion to lift 100 million out of poverty

As the nation battles the spike in poverty rate, the Presidential Economic Advisory Council (PEAC) has disclosed that $1.6 trillion was needed to effectively tackle the scourge in Nigeria within a period of 10 years as it expressed optimism in the ability of the federal government to achieve poverty reduction within the specified time frame.
Mrs Toki Mabogunje, LCCI’s President stated this at a press conference on Tuesday in Lagos.

Lagos chamber: Investors losing confidence in Nigeria over rising insecurity

The Lagos Chamber of Commerce and Industry (LCCI) says the rising insecurity in Nigeria has reduced investor confidence.
The Ekiti state government has received 250 cows from the United States as part of a joint venture programme with Promasidor Group, a food and beverage company.

Ekiti imports 250 dairy cows from US to boost milk production

The Ekiti state government has received 250 cows from the United States as part of a joint venture programme with Promasidor Group, a food and beverage company.

Nigeria Customs generates N39 billion from import, processes $71m export

The Onne command of the Nigeria Customs Service (NCS) has generated N39billion as revenue for the federal government for the first quarter of 2021.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

CBN: Forex spending on food importation dropped by half in January

The CBN’s economic report on ‘Sectoral Utilisation of Foreign Exchange’ for January said a total of $160 million was spent from Nigeria’s FX on importing food in January.
The Minister of Industry, Trade and Investment, Otunba Richard Adeniyi Adebayo, has said the Federal Government will welcome long-term agribusiness activities coming from Russia to Nigeria.

Minister laments decline in Nigeria, South Korea’s trade

The Minister of Industry, Trade and Investment, Mr. Niyi Adebayo, yesterday expressed concern over the decrease in volume of trade between Nigeria and South Korea.
The Nigerian Economic Summit Group (NESG) has advised the Federal Government to always consider its economic policy choices, before taking decision, in order to FastTrack economic growth, its recently launched 2021 Economic Outlook has said.

NESG: Nigeria’s business environment over-regulated

Nigeria Economic Summit Group (NESG) has described the business space in Nigeria as over-regulated, and urged the federal government to navigate the economy from the current doldrums.
A wholesale market in the central Chinese city of Wuhan played a role in the outbreak of the novel coronavirus in 2019, the World Health Organisation (WHO) said on Friday, calling for more research.

Chinese economy maintains stable recovery

China’s GDP grew 18.3 per cent year on year in the first quarter, hitting 24.93 trillion yuan (about $3.82 trillion), according to statistics released by the China’s National Bureau of Statistics (NBS) on April 16.
The committee is chaired by Prof. Akpan H. Ekpo, a former Director General of the West African Institute for Financial & Economic Management (WAIFEM), with Prof. Emmanuel Onwioduokit, HOD of Economics at the University of Uyo as Secretary.

Experts: Inflation rate may rise beyond control

With food inflation at over 23 per cent, analysts have raised concerns on the spate of the rising inflation as they envisaged a further rise in prices in the second quarter on poor weather conditions and insecurities in the country.
Mr Thomas Muopshin, the Project Coordinator, Plateau Potatoes Value Chain Support Project, says the project has significantly boosted the state internally generated revenue.

Potato value chain boosts Plateau revenue generation – coordinator

Mr Thomas Muopshin, the Project Coordinator, Plateau Potatoes Value Chain Support Project, says the project has significantly boosted the state internally generated revenue.

Don seeks diversification into agriculture, solid minerals

Professor Ofiafoh Eiya, a Professor of Accounting and Taxation, University of Benin, Benin City, has called for the diversification of the economy to agriculture and solid minerals for sustainable national growth and development.
National Bureau of Statistics NBS

NBS: States IGR fell to N1.31 trillion in 2020

The National Bureau of Statistics disclosed in its report on ‘Internally Generated Revenue at state level for fourth quarter and full year 2020’.

IMF: Sub-Saharan Africa needs $245 billion external funding in five years

The International Monetary Fund (IMF) says sub-Saharan Africa’s low-income countries face additional external funding needs of about $245 billion over the next five years or 425 billion dollars for the whole region.
National Bureau of Statistics NBS

NBS: States, FCT generate N1.31 trillion as IGR in 2020

The 36 states and the Federal Capital Territory (FCT) generated N1.31 trillion as Internally Generated Revenue (IGR) in 2020 compared to N1.33 trillion recorded in 2019, the National Bureau of Statistics (NBS) says.

CBN governor: It’s inappropriate to give colouration to currency printing

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday weighed in on the raging controversy over whether or not the apex bank printed money to augment funds from the Federation Account Allocation Committee (FAAC) distributed to states and the Federal Capital Territory (FCT) in March.
Deputy Speaker of the House of Representatives, Rt. Hon. Ahmed Idris Wase, has congratulated Vice President, Professor Yemi Osinbajo on his 64th birthday on Monday.

VP Osinbajo: Internet access, broadband connectivity compulsory for growth

The recognition that internet access and broadband penetration will become existential in the nearest future and will determine Nigeria’s competitiveness in the global economy, among others, is the driving force behind the Buhari administration’s initiative on broadband connectivity for all, according to Vice President Yemi Osinbajo, SAN.
Governor Godwin Obaseki of Edo state has charged governments at all levels to prioritise agriculture and adequately harness the untapped potentials of the sector to fast-track economic growth and development.

Edo governor tackles finance minister, insists Nigeria government printed N60 billion

Edo Governor Godwin Obaseki has faulted the Minister of Finance, Budget, and National Planning, Zainab Ahmed, for denying that the Federal Government printed N60 billion in March to support allocation to states.
National Bureau of Statistics NBS

Nigeria’s inflation rises to 18.17 percent

The Consumer Price Index (CPI) which measures inflation further increased by 18.17 per cent in March compared to 17.33 per cent in the preceding month.
National Bureau of Statistics NBS

Poor households suffer volatile work situations – NBS survey

A survey by the National Bureau of Statistics, NBS, has shown that poorer households suffered volatile work situations in February this year, resulting in a six-month (September to February 2020) decline in the share of workers in the lowest consumption quintile/ class.

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The new Interim Coordinator of the Presidential Amnesty Programme, Col. Milland Dixon Dikio (Rtd), has resumed duty at the Amnesty office, Abuja.

Isaac Boro Day: Amnesty boss sues for peace to develop Niger-Delta

The Presidential Amnesty Programme Interim Administrator, Col. Millard Dikio (rtd), has urged the Ijaw ethnic nationality to embrace peace and unity to sustain the development of the Niger-Delta.
FILE PHOTO - Ace Magashule, the secretary general of South Africa's ruling African National Congress looks on as he appears at the Bloemfontein high court in the Free State province, South Africa, November 13, 2020. REUTERS-Siphiwe Sibeko-File Photo

South Africa’s ANC to oppose court challenge by suspended top official

South Africa's governing African National Congress (ANC) will oppose a court application by one of its top officials challenging his suspension, the party said on Monday.
WHO Director-General Tedros Ghebreyesus

WHO chief: World has entered stage of ‘vaccine apartheid’

The world has reached a situation of “vaccine apartheid”, World Health Organization Director-General Tedros Adhanom Ghebreyesus said on Monday, and was no longer just at risk of that status.
Super Falcons skipper Asisat Oshoala believes winning the Uefa Women's Champions League will inspire other young girls in Africa to chase their dreams.

Super Falcons skipper hopes Women’s Champions League triumph will inspire girls in Africa

Super Falcons skipper Asisat Oshoala believes winning the Uefa Women's Champions League will inspire other young girls in Africa to chase their dreams.
The Chairman of the Nigerian Governors’ Forum and the Governor of Ekiti State, Dr. Kayode Fayemi, has admonished the President, National Association of Nigerian Students (NANS), Comrade Sunday Asefon not to betray the confidence reposed in him by the entire students’ body.

Ekiti governor inaugurates state CARES steering committee

Ekiti State Governor, Dr Kayode Fayemi, has inaugurated a nine-man committee to give policy direction to the implementation of the State COVID-19 Action Recovery and Economic Stimulus (CARES) programme

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Police: Cult clash claims 8 lives in Akwa Ibom

The Police in Akwa Ibom have confirmed the death of eight people in a supremacy cult clash in Esit Eket Local Government Area of the state.
FILE PHOTO - A woman wearing a protective face masks casts her ballot for the general election at a polling station in Yangon, Myanmar, November 8, 2020. REUTERS-Shwe Paw Mya Tin

Myanmar’s election reflected people’s will – monitoring group

Myanmar’s election last year reflected the will of the people and the army was unjustified in using alleged flaws as a reason to seize power, an international monitoring group said on Monday in its final report.
Migrants rest at a reception centre after arriving on the southern island of Lampedusa, Italy May 11, 2021. REUTERS-Antonio Parrinello

Italy to ask EU to pay Libya to stop migrant departures – newspaper

Italy's government is set to ask the European Union to pay Libya to stop migrant boats leaving its coast, newspaper la Repubblica reported on Tuesday.
All Progressives Congress (APC) Nigeria

Oyo council poll: APC will participate only if elections are conducted in 33 LGs,...

Legal practitioner, Chief Niyi Akintola, SAN, has said the All Progressives Congress (APC) will only participate in the May 22 council election in Oyo State if the election would be conducted in the 33 Local Government Areas and 35 Local Council Development Areas (LCDAs) in the state.

OPC: We’re ready to protect our people

Worried by the spate of banditry and kidnapping for ransom in some parts of Ogun State and perceived inability of the security agencies to stem the tide, the chapter of the Oodua People’s Congress (OPC) on Tuesday disclosed its readiness to protect all Oodua sons and daughters from the marauders threatening people’s lives and peace in the State.