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Debt Burden

Security forces in the Republic of Congo were casting their ballots on Wednesday ahead of presidential elections in which veteran leader Denis Sassou Nguesso is frontrunner.

Congo Republic’s president promises to improve business climate as he starts new term

Congo Republic's President Denis Sassou Nguesso pledged to reform and simplify business and tax laws to help boost economic growth as he was sworn in on Friday, prolonging his 38-year reign over the central African oil producer.
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 APC faults governor’s comment on state of economy

The All Progressives Congress (APC) has faulted claims by Gov. Godwin Obaseki of Edo, that Nigerian economy was in critical situation due to huge debt burden.
FILE PHOTO - Pope Francis listens to Philippine Cardinal Luis Antonio Tagle (not pictured) during a mass to mark 500 years of Christianity in the Philippines, in St. Peter's Basilica at the Vatican, March 14, 2021. Tiziana Fabi-Pool via REUTERS

Pope urges IMF, World Bank to cut poor nations’ debts

Pope Francis yesterday urged the International Monetary Fund (IMF) and the World Bank to cut the debt burden of poor countries hit by the economic impact of the COVID-19 pandemic and give their governments a greater say in global-decision-making.
Africa Development Bank (AfDB) is planning to invest $10 billion for the expansion of renewable energy projects in the continent, over the next five years.

AfDB: African economies likely to rebound 3.4% this year

African economies are expected to grow by an average of 3.4% this year, the African Development Bank said, as the continent recovers from its worst contraction in half a century.
FILE PHOTO - German Chancellor Angela Merkel addresses a news conference at the Bundespressekonferenz, about the current situation of the spread of the coronavirus disease (COVID-19), in Berlin, Germany, January 21, 2021. Michael Kappeler-Pool-REUTERS

Germany to provide additional N570 billion for coronavirus vaccination

German chancellor Angela Merkel has announced that Germany will be providing an additional N570billion (1.5 billion euros) to the ‘Access to COVID-19 Tools Accelerator’ (ACT Accelerator), the platform coordinated by the World Health Organization (WHO) to support the global efforts to tackle the COVID-19 pandemic.
Mr Israel Famurewa, Chairman, Osun State Universal Basic Education Board (SUBEB), says government will ensure merit and create a level-playing field for all applicants in the ongoing teachers’ recruitment exercise in the state.

Osun SUBEB chair: We’ll place merit above nepotism in teachers’ recruitment

Mr Israel Famurewa, Chairman, Osun State Universal Basic Education Board (SUBEB), says government will ensure merit and create a level-playing field for all applicants in the ongoing teachers’ recruitment exercise in the state.
FILE PHOTO - Pump jacks operate at sunset in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS-Nick Oxford-File Photo

Oil gains on stimulus optimism ahead of Joe Biden inauguration

Oil prices climbed with U.S. stock markets on Tuesday ahead of Joe Biden’s inauguration as U.S. president on optimism that more government stimulus will eventually lift global economic growth.
Former Finance Minister Seth Terkper has revealed that Ghana risked returning to the International Monetary Fund (IMF) for support following the rising debt.

Ghana risks returning to the IMF over high debt – ex-minister

Former Finance Minister Seth Terkper has revealed that Ghana risked returning to the International Monetary Fund (IMF) for support following the rising debt.
The African Vaccine Acquisition Task Team (Avatt) – established by African Union (AU) chairperson Cyril Ramaphosa – has secured a provisional 270 million vaccine doses for African countries.

President Ramaphosa: AU secures 270 million coronavirus vaccine doses for Africa

The African Vaccine Acquisition Task Team (Avatt) – established by African Union (AU) chairperson Cyril Ramaphosa – has secured a provisional 270 million vaccine doses for African countries.
Finance Minister Liu Kun made the call in an interview published on the website of the ministry of finance on Friday.

China calls for extended debt relief for poorest countries

Finance Minister Liu Kun made the call in an interview published on the website of the ministry of finance on Friday.
#EndSARS protests

#EndSARS: Economy loses N54 billion daily under curfew – bank

At the backdrop of the destructions of public and private properties and businesses in the wake of the #EndSARS protests, businesses have been counting their losses while economy experts have listed the immediate challenges the crises have thrown up against Nigeria’s struggling economy.

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Vice President Yemi Osinbajo has charged stakeholders in the oil industry to find a way of producing oil cheaper at the largest volume possible given the circumstances and future of oil itself and the country’s of requirements and needs.

VP Osinbajo to represent Nigeria at Ugandan presidential inauguration

Vice President Yemi Osinbajo will represent Nigeria at the sixth inauguration of President Yoweri Museveni of Uganda.
Lagos State Governor, Babajide Sanwo-Olu, has approved the resumption of all Public Servants on GL 1 -12 with effect from Monday, November 2, 2020.

Lagos recovers N50 million over fraudulent real estate activities

The Lagos State Government on Tuesday said it had recovered more than N50 million from parties involved in illegal real estate transaction activities.
The Deputy Governor, Dr Manassah Daniel Jatau, stated this when the Nigerian Governors’ Forum (NGF) rose from its meeting on Wednesday at the NGF Secretariat in Abuja.

Gombe eyes World Bank loan to address erosion at Federal College

The state’s Deputy Governor, Manassah Jatau, made the declaration in Gombe on Tuesday when a Presidential Visitation Panel, led by Prof. Kenneth Okiongbo, visited the school.
In a demonstration to tackle the menace of ghost workers that has continue to drain the coffers of government, Bauchi State Governor, Sen Bala Abdulkadir Mohammed will hold a public parley with all the stakeholders involved in the payment of workers salaries in the state.

Bauchi traffic agency to enforce ban on commercial motorcyclists – chairman

The Bauchi State Road Traffic Agency (BAROTA), on Tuesday, reiterated that activities of commercial motorcycle riders, popularly known as ‘Okada’ or ‘Achaba’, remained banned in the state.

South Sudan faces its worst food security crisis as humanitarian aid dwindles

An African regional organisation said about 60 per cent of people from South Sudan are facing “their worst food security” and nutrition crisis since the country became independent a decade ago.

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Popular reality TV star and former Big Brother Naija housemate, Alex Asogwa aka Alex Unusual has said she learnt how to ignore people at the Big Brother Naija House.

Alex Unusual: I learnt how to ignore people at BBNaija

Popular reality TV star and former Big Brother Naija housemate, Alex Asogwa aka Alex Unusual has said she learnt how to ignore people at the Big Brother Naija House.

Enugu SME centre trains 350 youths on automobile painting, artwork

The Enugu State Small and Medium Enterprises (SME) Centre is currently training 350 youths on automobile panel beating, painting and artwork.

Burglars target Nigeria president’s chief of staff

The Nigerian presidency has confirmed an attempted break-in by burglars into the official residence of the president’s chief of staff, Prof Ibrahim Gambari.
The police command in Ekiti on Friday confirmed the killing of a police officer as gunmen allegedly abducted a Chinese expatriate in Ado Ekiti, the Ekiti State capital.

Gunmen kill policemen, 12 cows in Akwa Ibom

Gunmen suspected to be members of the Indigenous People of Biafra (IPOB) have reportedly killed two policemen and razed a police station at Mkpatak, Essien Udim local government area of Akwa Ibom state.
A fresh oil spill has reportedly rocked the Egbebiri community, Biseni Kingdom in Yenagoa Local Government Area of Bayelsa State.

Fresh oil spill hits Bayelsa community

According to Environment Rights Action/Friends of the Earth Nigeria (ERA/FoEN) field reports, the spill, which was attributed to equipment failure, occurred at Idu Well 11, a facility owned by the Nigerian Agip Oil Company, NAOC.