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APEC SME Ministerial Meeting chaired by Malaysian Entrepreneur Development and Co-operatives Wan Junaidi Tuanku Jaafar.

APEC ministerial meeting urges for greater support for MSMEs

Entrepreneurial ministers and representatives of Asia-Pacific Economic Cooperation (APEC) economies on Friday pledged greater support for Micro, Small, and Medium-sized enterprises (MSMEs) which have been hard hit by the COVID-19 outbreak.
3. The truce-seeking trip of President Muhammadu Buhari to the Malian capital of Bamako on Thursday ended without a deal to soothe the country’s escalating political crisis.

President Buhari focused on nation building and unity of Nigeria

To state that we live in challenging times is perhaps an understatement and does very little justice in accurately capturing our current realities. Those realities include a world faced with a pandemic the scale of which hasn’t been seen in 100 years. The crisis has crippled economies, destroyed global supply chains and obliterated once productive and viable sectors of the economy.
United Nation’s Children Fund (UNICEF)

UNICEF lead global procurement, supply vaccines

The vaccine procurement and distribution effort, involving over 170 economies, could possibly be the world’s largest and fastest ever operation of its kind.
Ghana's Minister of Finance Ken Ofori-Atta makes remarks at the Institute of International Finance's meeting entitled "G20: Compact With Africa", during the IMF and World Bank's 2017 Annual Fall Meetings, in Washington, U.S., October 11, 2017. REUTERS/Mike Theiler

Sub-Saharan Africa’s virus-induced slump may last three years – Ghanaian minister

The economic slump in sub-Saharan Africa caused by the coronavirus outbreak could last well over three years, Ghana’s finance minister said on Tuesday.
Director-General of the World Health Organization (WHO) Tedros Adhanom Ghebreyesus speaks during a news conference after a meeting of the Emergency Committee on the novel coronavirus (2019-nCoV) in Geneva, Switzerland January 30, 2020. REUTERS

WHO harps on virus prevention plans

The World Health Organisation (WHO) has emphasised the need for effective COVID-19 prevention plans as countries reopen their economies and borders.

Group lauds governments, Nigerians on fight against coronavirus

The Woman and Half Initiative (WAH), a group of successful professional women, has hailed the efforts of governments and Nigerians to contain the Novel Coronavirus (COVID-19) pandemic.
A Belarus opposition supporter holds a fiberglass sheet with a drawn TV and an inscription reading “The truth!!!” near the State TV and radio company during a protest rally against police violence recent rallies of opposition supporters, who accuse strongman Alexander Lukashenko of falsifying the polls in the presidential election, in central Minsk, late on August 15, 2020. (Photo by Sergei GAPON / AFP)

Belarus leader says Vladimir Putin offers help as pressure builds

Vladimir Putin has offered to help ensure Belarus’s security, according to its president Alexander Lukashenko, as pressure builds on the strongman leader and opposition protesters prepare for a show of force Sunday.
President Donald Trump on Monday postponed the Group of Seven (G7) meeting until after the United States election in November, after a previous delay due to COVID-19 concerns, CNN reported.

Donald Trump postpones G7 Summit until after US election

President Donald Trump on Monday postponed the Group of Seven (G7) meeting until after the United States election in November, after a previous delay due to COVID-19 concerns, CNN reported.

Dollar slips as yields dive on recovery worries

This is as the latest coronavirus relief package stalled in Congress and U.S. yields sank on the prospect that further monetary easing might be needed to support the economy.

UNFPA: 47 million women likely to be deprived of reproductive rights as a result...

The UN Population Fund (UNFPA) on Saturday says about 47 million women in low and middle-income countries were likely to be deprived of contraceptives as a result of the COVID-19 pandemic.
The Egyptian Ministry of Petroleum and Mineral Resources announced on Thursday a new oil discovery in the shallow waters of Geisum concession south of the Gulf of Suez, with an initial production rate of 2,000 barrels of crude oil per day.

Oil prices fall, head for weekly decline

Global oil prices fell on Friday, adding to steep losses from the previous session, and were headed for weekly declines on worries that renewed lockdowns following a surge in coronavirus cases in the United States and elsewhere would suppress fuel demand.
South African Rand coins are seen in this photo illustration. REUTERS-Mike Hutchings

South Africa rand up as risk appetite revives

Rising coronavirus infections in the United States have discouraged some investors from taking big positions in the currency market, but most remain focused on the growing likelihood that major economies will continue to recover.

German lawmakers pass bill to phase out coal by 2038

German lawmakers in the Lower House of Parliament on Friday passed a bill, allowing the phasing out of coal in the country by the year 2038.
The logo of the International Monetary Fund (IMF) is seen during a news conference in Santiago, Chile, July 23, 2019. REUTERS-Rodrigo Garrido-File Photo

IMF: Coronavirus could cause set back on decade of progress in Africa

The coronavirus pandemic could set back incomes in sub-Saharan Africa by a decade as weak oil prices, a tourism standstill and business lockdowns shrink the region’s economy 3.2 percent in 2020, an IMF official said Monday.

IMF calls for cautious reopening of Africa

As African countries commence the re-opening of their economies, the International Monetary Fund (IMF) has counselled them to do so cautiously because the pandemic is still in its exponential phase.
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.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Central bank director tasks West African countries on revamping economies

Dr Hassan Mahmud, Director, Monetary Policy Department, Central Bank of Nigeria (CBN), on Tuesday advised West African countries affected by COVID-19 pandemic to look inward and use their domestic resources to revamp their economies.

China says US infected by ‘political virus’, ties pushed to brink of ‘Cold War’

China said Sunday that relations with the United States were “on the brink of a new Cold War”, fuelled in part by tensions over the coronavirus pandemic, as Muslims around the world celebrated a muted end to the holy month of Ramadan.

Recent Stories

Man bags five-year jail term for possession of hard drug

A Federal High Court sitting in Kano, on Wednesday, sentenced a 20-year-old man, Suleiman Isa, to five year imprisonment for beign in possession of 16 kilogramme of cannabis sativa and other narcotic substances.

‘Cultists’ kill one, maim widow in Akwa Ibom

However, it was gathered that the Widow was attacked on Monday when she left the Internally Displaced Persons (IDPs) camp, in Church premises, where most of them that fled the community are taking refuge following the violent activities of rival cult groups Debam and Iceland, to her farm in Inen community to look for food for her hungry children.
Ahmed Musa

Super Eagles skipper reveals next destination after Saudi club exit

Former Leicester City and CSKA Moscow forward Ahmed Musa said he is aiming to return to Europe after departing Saudi Professional League club Al Nassr.
The Central Student Disciplinary Committee, CSDC, of the University of Ibadan, UI, has meted various punishments to 22 erring students of different departments.

University of Ibadan staff protest alleged imposition of vice-chancellorship candidates

Some workers at the University of Ibadan in Oyo State on Wednesday protested the selection process for the position of Vice-Chancellor of the institution.

Court refuses to order former oil minister’s arrest, demands extradition evidence

The Federal High Court in Abuja, on Wednesday, rejected the Economic and Financial Crimes Commission’s request to issue a warrant of arrest against a former Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, who is believed to be residing in the United Kingdom.