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South Africa’s rand firmed against the dollar early on Wednesday after President Cyril Ramaphosa announced a 500 billion rand ($26.41 billion) rescue package on Tuesday evening to cushion the economic blow of the COVID-19 pandemic.
The African Union (AU) has appointed former Credit Suisse boss Tidjane Thiam and several other dignitaries as a special envoys to solicit international support to help the continent deal with the economic impact of the coronavirus.
African Union appoints special envoys to mobilise international economic support for continental fight against...
The Chairperson of the African Union, President of the Republic of South Africa His Excellency Cyril Ramaphosa has appointed Dr Ngozi Okonjo-Iweala, Dr Donald Kaberuka, Mr Tidjane Thiam and Mr Trevor Manuel as Special Envoys of the African Union to mobilise international support for Africa’s efforts to address the economic challenges African countries will face as a result of the COVID-19 pandemic.
The Chairperson of the African Union, AU, President of South Africa, Cyril Ramaphosa, has appointed ex-Nigerian Finance Minister, Dr. Ngozi Okonjo-Iweala, Dr. Donald Kaberuka, Mr. Tidjane Thiam and Mr. Trevor Manuel as Special Envoys of AU.
The African Development Bank Group on Wednesday announced the creation of the COVID-19 Response Facility to assist regional member countries in fighting the pandemic.
The African Development Bank Group, AfDB, has appointed Nourredine Lafhel as acting Chief Risk Officer, effective 6th April 2020.
The head of the African Development Bank, Akinwumi Adesina, has been accused by bank staff of multiple abuses and breaches of the bank's code of ethics, charges he flatly denied.
Nigeria’s finance minister Zainab Ahmed said the country has applied to the International Monetary Fund (IMF) and African Development Bank (AfDB) to access $3.5 billion in concessional funding to support the 2020 Budget.
The Federal Government has provided N102.5 billion in resources for direct interventions in the country’s healthcare sector, Mrs Zainab Ahmed, Minister of Finance, Budget and National Planning, has said.
The Minister of Power, Engr. Saleh Mamman, has explained that the suspension of take-off of the new electricity tariff hike till next three months was in line with President Muhammadu Buhari’s announcement of March 29 granting a moratorium for certain Federal Government’s funded facilities to the Nigerian public.
President of African Development Bank (AfDB), Dr Akinwumi Adesina, has commended the outgoing Director of Communication and External Relations Department of the bank, Dr. Victor Oladokun, for his exceptional leadership.
The Africa Fertilizer Financing Mechanism (AFFM) has kick-started a $2.2 million project to provide fertilizer suppliers in Nigeria with financial support to improve supply for 200,000 smallholder farmers.
The African Development Bank has signed an agreement with DAL Group, one of Sudan’s largest conglomerates, for the provision of up to $75 million to improve food security and household incomes in the country. The agreement is the Bank’s first private sector loan to the East African nation.
The Vice-Chancellor, University of Calabar, Prof. Zanna Akpagu, says the university will confer an honorary doctorate degree on the Liberian Vice President, Dr Jewel-Haward Taylor, during its convocation on Saturday.
The African Development Bank (AfDB) has disclosed plans to invest $200 million on roll-out of mini-grids to boost power supply in Nigeria.
The Kogi State government says it has received the approval of the National Assembly to obtain a foreign loan of $100 million (N36 billion).
Abia State Governor, Okezie Ikpeazu, Wednesday, told the African Development Bank that a thriving entrepreneurship industry and agricultural base in the State are the foundation for the creation of a potentially viable industrial hub.
The market indicators of the Nigerian Stock Exchange (NSE) resumed transactions for the week on Monday with a marginal growth of 0.01 per cent, amid cautious trading.
The Nigerian Ports Authority (NPA) on Monday said that 20 ships at the Lagos ports were discharging petroleum products and food stuff.
The Petroleum Products Pricing Regulatory Agency, PPPRA, yesterday, disclosed that N8.9 trillion was spent on fuel subsidy by the Federal Government, mainly by previous administrations, between 2006 and 2015.
The Presidential Task Force (PTF) on COVID-19 has warned against perceived neglect of the non-pharmaceutical protocols and other measures aimed at tackling the spread of the coronavirus (COVID-19) pandemic in the country.
The board of Kogi State Internal Revenue Service (KGIRS) has been sacked with immediate effect.
Italy coach Roberto Mancini said Italy aim ‘to win’ Euro 2020 next summer and believes Roma forward Nicolò Zaniolo can ‘recover in time’.
The Ebonyi State Government has announced the reopening of schools for primary, secondary and tertiary classes.
The Dutchman is being linked with a move to the Nou Camp after his countryman Ronald Koeman took over as manager.
The Civil Society Legislative Advocacy Centre (CISLAC) hailed the U.S. for imposing visa restrictions on alleged election offenders in Nigeria.
The amendment updates the penalties for the offence of the rape of a child. These new provisions include the punishments of surgical castration and bilateral salpingectomy for male and female convicts of child rape, and death.