economic crisis
Zimbabwe reintroduces ‘stiff’ national coronavirus lockdown measures
Zimbabwe's government on Saturday imposed a national lockdown with immediate effect, following a surge in Covid-19 cases, creating a major problem for most citizens who rely on the informal employment sector.
IMF: Sub-Saharan Africa economy will recover by 3.1% in 2021
The International Monetary Fund (IMF), says economic activity in sub-Saharan Africa is projected to recover by 3.1 per cent in 2021 after declining by 3.0 per cent in 2020.
WTO retains Ngozi Okonjo-Iweala, evicts three candidates
World Trade Organization members removed three candidates from the race to be the next Director-General of the body.
SEC educates investors on ‘investing in difficult times’
The Securities and Exchange Commission (SEC) has held a webinar to educate investors in the Nigerian capital market in understanding the rudiments of investing in difficult times.
Zimbabwe government blasts ‘evil-minded’ archbishop
Zimbabwe's government has accused the head of a Catholic bishops congress of stoking division and seeking to create a "genocide" after the group spoke out against alleged rights abuses and economic woes this week.
Senate to support NDIC in protecting depositors
The Senate Committee on Banking, Insurance and Other Financial Institutions, has pledged to support the Nigerian Deposits Insurance Corporations (NDIC) to carry out its functions more effectively.
Senator Sani: Senate, NDIC retreat a huge success
Senator Uba Sani has described the retreat held by Senate Committee on Banking, Insurance and Other Financial Institutions with the Nigeria Deposit Insurance Corporation (NDIC) in Kaduna as a huge success.
Senior Muslim Brotherhood leader dies in Egypt prison
A senior leader of the outlawed Muslim Brotherhood died Thursday in an Egyptian prison where he was serving multiple sentences including on terror-related charges, his lawyer said.
Lebanon government on brink over blast fallout
Lebanon’s government was teetering Monday as two ministers’ resignations over the deadly Beirut port explosion threatened to snowball and protesters’ fury on the scarred streets showed no sign of abating.
Beirut blast: Judge orders detention of top officials
A Beirut judge has ordered the detention of the director of Beirut judge customs and a port director, after the massive blast which ripped through the capital city’s port.
Lebanon mourns victims of devastating blast, searches for missing
Lebanon mourned on Thursday the victims of the most powerful blast to hit a country that has already been struck down by an economic crisis, as rescuers searched for those missing since the explosion flattened Beirut port and devastated the city.
Suspense surrounds Joe Biden’s upcoming running mate selection
Democratic presidential candidate Joe Biden has promised to soon reveal his running mate.
Australia announces biggest budget deficit since World War II
Australia says its budget deficit will be 85.8 billion Australian dollars (AD) ($61.2 billion) in 2019-20 and AD 184.5 billion in 2020-21. This marks the biggest deficit since World War II, due to the economic fallout from the coronavirus pandemic.
One killed in Sudan as thousands rally for faster reform
One person was killed and several others injured during largely peaceful demonstrations in Sudan on Tuesday, a government spokesman said, as tens of thousands of people took to the streets demanding faster reform and greater civilian rule in the country’s transition towards democracy.
NGO urges government to prioritise mental health care to address coronavirus psychological effects
The Leadership Entrepreneurship and Advocacy (LEAD) Network, an NGO, has urged government at all levels to prioritise mental health care because of the adverse COVID-19 psychological effect on the citizenry.
WHO: Coronavirus still accelerating
The novel coronavirus pandemic is still accelerating and its effects will be felt for decades, the World Health Organisation’s director-general told an online conference on Monday.
Fresh protests in Lebanon over spiralling economic crisis
Hundreds of demonstrators angered by a deepening economic crisis rallied Saturday across Lebanon for a third consecutive day, after violent overnight riots sparked condemnation from the political elite.
Filipina domestic worker commits suicide in Lebanon
A Filipina domestic worker has committed suicide in Lebanon at a shelter run by her embassy, consular officials said Sunday, days after a rights group complained about accommodation at the shelter.
VP Osinbajo highlights Nigerian government’s palliative for small businesses
Vice President Yemi Osinbajo, says the Federal Government has setup palliatives to assist Micro Small and Medium Enterprises(MSMEs) survive the economic fallout of the COVID-19 pandemic.
WHO: Easing lockdown, reopening economy could lead to ‘vicious cycle’
Easing coronavirus restrictions and reopening the economy too quickly could lead to a “vicious cycle” of economic crisis and health disasters, Mike Ryan, executive director, World Health Organisation (WHO) emergencies program, has said.
Lockdown: Akwa Ibom pays workers April salary
Akwa Ibom State Government may have become the first state in Nigeria to pay the April salary of all its workers despite the global economic and health crisis.
Coronavirus: Governors urges President Buhari to reform distribution of palliatives to forestall crisis
The Ekiti State Governor, Kayode Fayemi, on Tuesday, briefed Buhari on the limitations of the distribution of palliatives to vulnerable persons to curb the economic impact of the coronavirus.
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Twitter opens its audio chat room Spaces to Android users
Twitter introduced a limited version of the Clubhouse competitor on iOS in January. While any users of Twitter’s iOS app can join and listen to Spaces, only a few can host them at the moment.
Bauchi, Benue governors reconcile in Port Harcourt
Rivers State Governor, Nyesom Wike, on Tuesday, brokered a truce between the Governor of Benue State, Samuel Ortom and Governor of Bauchi State, Senator Bala Mohammed in Port Harcourt.
Barcelona, Atletico Madrid ordered to further tighten belts by La Liga
FC Barcelona and Atletico Madrid will have to cut down the costs of their squads by more than 35 million euros ($42.14 million) following new salary limits imposed by La Liga on Tuesday to cope with the financial impact of the Covid-19 pandemic.
Bayelsa governor: 2.5% revenue for host communities ‘unacceptable’ to Niger Delta
Gov. Douye Diri of Bayelsa on Tuesday proposed that 10 per cent of derived oil revenue be provided in the Petroleum Industry Bill (PIB) for the host communities.
Police nab five ‘armed robbers’, recover fire arms in Nasarawa
Police in Nasarawa state Tuesday announced the arrest of two suspected notorious armed robbers who have been terrorising Nasarawa and its environs and recovered fire arms from them.
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Barcelona brush aside Sevilla to reignite La Liga hopes
Barcelona reignited their title hopes after Lionel Messi and Ousmane Dembele scored in a 2-0 victory over Sevilla on Saturday to put them two points behind Atletico Madrid.
WTO chief accepts apology from Swiss newspaper over ‘grandmother’ remarks
The first woman and first African to lead the World Trade Organization on Monday welcomed an apology from a Swiss newspaper that had dismissed the seasoned international professional as a grandmother.
Bauchi governor revokes Zaki palace contract
Bauchi State Governor Bala Mohammed Abdulkadir has revoked a N75 millin, contract awarded for the renovation of Zaki District Head’s Palace which was burnt down to ashes during the previous administrations.
Lagos Iyaloja-General barred from levying computer village traders
A Lagos High Court has barred Folasade Tinubu-Ojo, daughter of the former State Governor, Bola Tinubu, from imposing levies on traders at the Computer Village, Lagos.
Nigerian government urged to lift embargo on employment into civil service
The House of Representatives has urged the Federal Government to lift the embarg on employment into Federal Ministries, Departments and Agencies.