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A medical worker wearing personal protective equipment (PPE) takes a swab sample from a man, as South Africa starts to relax some aspects of a stringent nationwide coronavirus disease (COVID-19) lockdown in Diepsloot near Johannesburg, South Africa, May 8, 2020. REUTERS/Siphiwe Sibeko/File Photo

OECD: South Africa economy could contract 8.2% if second coronavirus wave hits

South Africa’s economy could contract 8.2% this year, and grow just 0.6% in 2021, if a second wave of COVID-19 cases hits the country and its main trading partners, the OECD said on Friday.
Shoppers stock up on groceries as they wear protective masks to contain coronavirus at a Makro store in Johannesburg, South Africa, March 16, 2020. REUTERS-Siphiwe Sibeko-File Photo

Sub-Saharan Africa GDP to contract 3.1% this year

Sub-Saharan Africa’s economy will contract this year after shutdowns disrupted activity and as daily cases of coronavirus are still rising in the region but a recovery is expected next year, a Reuters poll found on Friday.
The Asian Development Bank said Monday it will roll out a massive $20 billion package to help developing member nations weather the economic fallout from the coronavirus pandemic.

ADB: Coronavirus-induced uncertainty continues to drag on emerging East Asian bonds

The COVID-19 pandemic continues to drag on local currency bond markets in emerging East Asia as investment sentiment globally and in the region wane and containment measures limit economic activity, said the latest issue of the Asian Development Bank‘s (ADB) Asia Bond Monitor released on Thursday.
Mexicans have been affected by the coronavirus pandemic in many ways, including beer lovers finding it particularly difficult to quench their thirst as supplies run dry due to reduced production.

Thirsty beer lovers find supplies run dry in Mexico

Mexicans have been affected by the coronavirus pandemic in many ways, including beer lovers finding it particularly difficult to quench their thirst as supplies run dry due to reduced production.
Mine workers are seen under ground at the end of their shift at Cullinan mine, near Pretoria, South Africa, February 1, 2019. REUTERS-Siphiwe Sibeko-File Photo

Coronavirus lockdown pushes South African PMI to record low in April

South African private sector activity fell to a new record low in April, a business survey showed on Wednesday, as company closures due to a nationwide coronavirus lockdown led to a collapse in demand.
A member of medical staff attends to residents as they queu during screening and testing campaign aimed to combat the spread of the coronavirus disease (COVID-19), in Lenasia, South Africa, April 21, 2020. REUTERS-Siphiwe Sibeko

South Africa considers flexible restrictions after lockdown

South Africa is considering introducing flexible restrictions on economic activity after it phases out a nationwide lockdown, according to a draft government presentation seen by Reuters on Wednesday.
Recall that President Muhammadu Buhari in a nationwide broadcast on Sunday ordered a total lockdown in Abuja, Lagos and Ogun State as a proactive measure to contain the spread of the deadly novel coronavirus in Nigeria.

Nigeria’s inflation rate hits 12.26 percent

Nigeria’s inflation rate has hit 12.26 percent in March 2020, the National Bureau of Statistics reports on Tuesday.

Oil prices: Expert tasks Nigeria on prudent spending

Prof. Wumi Iledare, former President Nigerian Association of Energy Economics (NAEE), has advised the Federal Government to spend prudently to avoid breakdown of the nation’s economy as global oil price continues to crash.
Uganda’s central bank cut its policy rate by 100 basis points on Monday to 8% to support the economy which has been hit by the impact of the coronavirus outbreak.

Uganda slashes main interest rate to 8% as coronavirus hurts economy

Uganda’s central bank cut its policy rate by 100 basis points on Monday to 8% to support the economy which has been hit by the impact of the coronavirus outbreak.
The Nigeria Governors’ Forum (NGF) and MTN Nigeria have agreed to use the vulnerability model to drive a data-driven approach to stopping the spread of the coronavirus (COVID-19) in the country.

Governors, MTN partner to use data to halt spread of coronavirus

The Nigeria Governors’ Forum (NGF) and MTN Nigeria have agreed to use the vulnerability model to drive a data-driven approach to stopping the spread of the coronavirus (COVID-19) in the country.
Nigeria’s First Lady, Mrs Aisha Buhari, has commended female military and police officers for what she regarded as excellent display

APC governors felicitate with Aisha Buhari, Nasir El-Rufa’i

The Progressive Governors Forum (PGF) under the platform of the All Progressives Congress (APC) has felicitated with wife of the President, Hajiya Aisha Buhari, and Governor Nasir El-Rufa’i of Kaduna State over their birthdays celebration.

Report: African countries lost over $2 billion to Internet shutdowns

Twelve African economies lost out on over $2.16bn in economic activity last year due to Internet blackouts and social media shutdowns, according to a new report.

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The Chief Judge of Ogun, Justice Mosunmola Dipeolu, on Wednesday granted amnesty to 21 inmates in five Nigeria Correctional Services as part of the effort to decongest the centres across the state.

Ogun gets six new chief, senior magistrates

The Chief Judge of Ogun, Mosunmola Dipeolu, on Monday swore-in Chief and Senior Magistrates, urging them to uphold the ethics of the profession and dispense justice without fear and favour.
The Nigeria Police Force says its investigation shows that Boko Haram, Ansaru and other terror groups are getting support from some Nigerians.

Eid-el-Kabir: Police record zero crime in Niger

The Police Command in Niger on Monday said it recorded no crimes during and immediately after the Eid-el-Kabir celebrations in the state.
Zimbabwean doctors have filed a lawsuit aimed at compelling the government to beef up coronavirus protection for public hospitals and healthcare workers.

Ondo doctors suspend strike

Medical doctors in Ondo State, under the auspices of the National Association of Government General Medical and Dental Practitioners, have suspended their industrial action.
Former Speaker of the House of Representatives, Yakubu Dogara, has dumped the opposition Peoples Democratic Party, PDP, for the ruling All Progressives Congress, APC.

Constituents laud ex-Speaker Dogara’s defection to APC

Members of the All Progressives Congress (APC) from the constituency of a former Speaker of House of Representatives, Yakubu Dogara, have commended his defection to the party.
Governor Willie Obiano

Anambra governor signs N114.9 billion 2020 revised budget

Governor Willie Obiano of Anambra State on Monday, July 27th signed into law, the revised appropriation bill of N114.9 billion for the year 2020. The budget themed, ‘‘Accelerating Infrastructural Development and Youth Entrepreneurship’’ has a total reduction of N22.2bn from the original budget of N137.1bn, translating to a 16 per cent reduction.