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Hungary is preparing to announce a roughly $30 billion package of measures to help jump-start the economy amid the coronavirus outbreak, a top government official said on Saturday.
The Managing Director (MD) of the International Monetary Fund (IMF), Ms Kristalina Georgieva, has said that COVID-19 has created an economic crisis worse than what the world economy experienced under the global financial crisis in 2008.
Atletico Madrid have confirmed their players will take a 70% wage cut, to supplement the salaries of 430 club staff in the coming months.
The World Health Organisation (WHO) says confirmed cases of COVID-19 pandemic will soon reach one million globally.
African oil-producing and reliant countries have been among the most hard hit by the COVID-19 pandemic and declining oil price. Oil price crashed below $20 dollars on Monday, the lowest in 18 years. In particular, Senegal, Nigeria and Angola continue to face new challenges each day amid the threat of economic fallout.
Following the current lockdown of economic activities and the many implications of the Corona Virus outbreak, there are indications that the Nigerian Electricity Regulatory Commission (NERC) may later on Tuesday announce the suspension of the proposed increase in electricity tariff expected to hike bills by over 50 per across the country.
South Africa’s confirmed cases of the coronavirus increased by 93 to 1,280 people on Sunday and the death toll doubled to two, the Health Ministry said, as the country entered the third day of a national lockdown and officials announced new measures to deal with the economic fallout.
Countries around the world are increasingly adopting sweeping measures to stem the spread of the new coronavirus, including full lockdowns, shutting down airports, imposing travel restrictions and completely sealing their borders.
Saudi authorities have seized more than five million medical masks that were illegally stockpiled amid the coronavirus outbreak, state media reported on Sunday.
Mr Aliko Dangote, President, Dangote Industries Ltd., and Mr Herbert Wigwe, Managing Director, Access Bank Group, are spearheading a coalition of private sector organisations to support governments’ ongoing efforts at tackling the coronavirus (COVID-19) menace.
Nigerian businesses need to prepare and brace themselves for a highly challenging period ahead as the coronavirus pandemic disrupts day-to-day life and commerce.
Ford Motor Co said on Monday it has decided to temporarily halt vehicle and engine production at its factories in India, South Africa, Thailand and Vietnam in response to the growing impact of the coronavirus.
Governors on the platform of the All Progressives Congress under the aegis of Progressive Governors’ Forum (PGF) have congratulated their national chairman, Adams Oshiomhole, on the occasion of his 68th birthday.
The Oyo State COVID-19 Task Force said the state has recorded another positive case, bringing to nine the total of positive cases in the state.
Williams, who played a young Barry Allen in eight episodes of The CW series, suddenly passed away on Thursday (April 2), the cause of his death has not been reported.
Several vehicles and tricycles were on Saturday impounded by the Abia State Joint Taskforce on Enforcement of lockdown over COVID-19 pandemic.g
Pink, 40, revealed Friday night that she had caught and recovered from a case of the novel coronavirus COVID-19.
The Lagos State Government has released the list of hotspots with the highest numbers of confirmed COVID-19 cases in the state.
President Muhammadu Buhari has directed state governors to nominate doctors and nurses in their various domains for training on COVID-19.
Barcelona are set to let midfielder Ivan Rakitic leave the club for a fee of £17million this summer with Atletico Madrid leading the race for his signature, according to Marca.
President of the Nigeria Weightlifting Federation, Mohammed Yaya, has stated that the Federation is waiting for clarity and normalcy post-Covid-19 to set it to plan underway in order to get set for the Weightlifting Olympics qualification so as not to be caught napping when the Africa Weightlifting championship gets an official date.
Dr Olufemi Oke-Osanyintolu, the Director-General, Lagos State Emergency Management Agency (LASEMA), says the Nigerian National Petroleum Corporation (NNPC) pipeline along the axis at Mosan Bus Stop, Kakatin area, Ipaja, Lagos State, is leaking.