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economic crisis

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.
Ngozi Okonjo-Iweala

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.
In a statement released late on Saturday, Information Minister Monica Mutsvangwa said the letter had been written under the evil minded leadership of ZCBC president Archbishop Robert Ndlovu.

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.
UBA SANI

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.
Essam al-Erian, 66, was arrested in 2013 following the army’s ouster of Islamist president Mohamed Morsi on the back of mass protests against his brief rule.

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’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.

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.
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.

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 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.

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.
Joe Biden, the presumptive Democratic presidential nominee, said Tuesday that he will pick his running mate next week for the November election against President Donald Trump.

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.
Civilians gather as members of Sudanese pro-democracy protest on the anniversary of a major anti-military protest, as groups loyal to toppled leader Omar al-Bashir plan rival demonstrations in Khartoum, Sudan June 30, 2020. REUTERS

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.
Kaduna State Ministry of Health on Saturday confirmed that a four-month-old child was among the 20 new coronavirus cases recorded in the state on Friday.

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.
Logo of the World Health Organization [WHO]

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.
A soldier strikes an anti-government protester in Tripoli, where demonstrations over the Lebanese economy turned violent on Saturday. Fathi Al-Masri-AFP-Getty Images

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.
A maid from the Philippines wears a mask to help stop the spread of the new coronavirus as she walks in front of a newspaper kiosk in central Beirut's commercial Hamra Street, in Beirut, Lebanon, Wednesday, May 20, 2020. AP Photo

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.
Vice President Yemi Osinbajo on Wednesday presided over the weekly Federal Executive Council (FEC) meeting at the Presidential Villa, Abuja.

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.

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Facebook on Tuesday said the coronavirus pandemic has users flocking to its services while it undermines ad revenue on which the world’s biggest social network depends.

US election: Facebook supremo braces for civil unrest

Facebook chief Mark Zuckerberg on Thursday warned of the potential for civil unrest as votes are tallied in a US election that will be “a test” for the social network.
Mrs Mojisola Alli-Macaulay, lawmaker representing Amuwo Odofin Constituency 1 in Lagos State House of Assembly, has urged parents to give their children proper training that would help be better citizens.

Lagos assemblyman attributes youth restiveness to poor upbringing

Mrs Mojisola Alli-Macaulay, lawmaker representing Amuwo Odofin Constituency 1 in Lagos State House of Assembly, has urged parents to give their children proper training that would help be better citizens.
Apple’s stock hit a record high on Friday after reporting blockbuster quarterly results, helping the iPhone maker briefly overtake Saudi Aramco to become the world’s most valuable publicly listed company.

Apple iPhone sales tumble, trimming profit

Apple shares were sent reeling Thursday on word of a steep drop in sales of iPhones, which are at the heart of the tech titan’s money-making engine.
Okezie Ikpeazu

Abia governor gives two NYSC members automatic employment

Abia State Governor Okezie Ikpeazu on Thursday gave automatic employment to two out of five 2019 Batch ‘B’ and ‘C’ corps members, who distinguished themselves during the National Youth Service Corps (NYSC) programme.

Senator Orji Kalu mourns renown Igbo musician ‘Morocco’

Chief Whip of the Senate, Dr Orji Kalu has described the demise of Igbo legendary and philosophical singer, Chief Chukwuemeka Maduka, popularly known as “Morocco” as a big loss to the country.