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Alhaji Munir Sanusi, the chief of staff to the Emir of Kano, has confirmed the receipt of the query issued to Emir Muhammad Sanusi II by the Kano state government.

Mallam Sanusi advocates debt relief for Nigeria

A former Governor of the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi, has advocated debt relief for Nigeria as it mounts, saying the debt-to-Gross Domestic Product (GDP) ratio is a useless way of measuring debt sustainability.
Former Emir of Kano and one-time Managing Director of First Bank, Muhammadu Sanusi II, has lamented that the nation’s economy has not been diversified, over 60 years after the discovery of oil in Nigeria.

Mallam Sanusi: Nigeria’s political structure economically unsustainable

He spoke on Thursday at an online roundtable event titled ‘Debt Relief for a Green and Inclusive Recovery in Nigeria?’ organised by the Heinrich Böll Foundation and the Centre for the Studies of the Economies of Africa (CSEA).
FILE PHOTO - Pope Francis listens to Philippine Cardinal Luis Antonio Tagle (not pictured) during a mass to mark 500 years of Christianity in the Philippines, in St. Peter's Basilica at the Vatican, March 14, 2021. Tiziana Fabi-Pool via REUTERS

Pope urges IMF, World Bank to cut poor nations’ debts

Pope Francis yesterday urged the International Monetary Fund (IMF) and the World Bank to cut the debt burden of poor countries hit by the economic impact of the COVID-19 pandemic and give their governments a greater say in global-decision-making.
Pedestrians walk in Buenos Aires' financial district, Argentina September 24, 2020. REUTERS-Agustin Marcarian

SDRs and debt holidays still just a band-aid for debt-hobbled countries

Debt experts, charity groups and investors welcomed news on Wednesday that the world’s poorest countries will get new IMF funds and COVID-19 debt relief, but they also cautioned that for some it would still only be a band-aid solution.
A man is silhouetted against the logo of the World Bank at the main venue for the International Monetary Fund (IMF) and World Bank annual meeting in Tokyo. REUTERS-Kim Kyung-Hoon

IMF urges sub-Saharan Africa to increase tax revenues, others

The International Monetary Fund (IMF) has urged countries in Sub-Saharan Africa to do more domestically to increase tax revenues and improve the quality of spending.
A man is silhouetted against the logo of the World Bank at the main venue for the International Monetary Fund (IMF) and World Bank annual meeting in Tokyo. REUTERS-Kim Kyung-Hoon

IMF, World Bank advocate flexible fiscal support, debt relief

Against the backdrop of a pandemic impacted global and national economies, the International Monetary Fund (IMF) and World Bank have urged fiscal authorities to execute flexible and supportive fiscal policies to support economic recovery and cushion the long-term impact of the pandemic.
World Bank Group President David Malpass

Nigeria to benefit as G-20 approves extension of debt relief

Finance ministers of G-20 countries have approved an extension of debt relief for the world’s poorest nations till December 2021.
3. President Muhammadu Buhari yesterday canvassed the need for Nigeria to remain as an indivisible entity despite its diversity, saying that way, it will be a better and stronger nation.

President Buhari: Digital technology will boost economic transformation

President Muhammadu Buhari yesterday urged Nigerians in all professions to embrace digital technology in order to take advantage of the enormous opportunities presented by the Fourth Industrial Revolution, towards achieving economic growth and sustainability.
3. President Muhammadu Buhari yesterday canvassed the need for Nigeria to remain as an indivisible entity despite its diversity, saying that way, it will be a better and stronger nation.

President Buhari seeks ICAN’s support to improve nation’s fiscal condition

President Muhammadu Buhari has urged members of the Institute of Chartered Accountants of Nigeria (ICAN) to buy into current reforms undertaken by his administration and provide support in the area of policy formulation with a view to improving the nation’s fiscal condition.

2021: IMF forecasts higher growth for Nigeria

The International Monetary Fund (IMF) has projected a growth of 2.5 percent for Nigeria in 2021 from its earlier projection of 1.5 percent announced in January.
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 ups global GDP growth forecast, warns of poverty rise

The International Monetary Fund said on Tuesday the world economy could recover faster than expected in 2021, revising its January projection up by 0.5 per cent points to 6 per cent.
The 28th World Economic Forum on Africa has ended in Cape Town, South Africa, producing notable outcomes.

WEF report: Closing gender gap to take 136 years

A new report from the World Economic Forum (WEF) estimates that attaining global gender parity will take nearly 136 years, up from its previous estimate of almost 100 years.
South Korean trade Minister, Yoo Myung-hee, on Friday (Feb 5) dropped her bid to become head of the World Trade Organisation (WTO), clearing the way for Nigeria’s Ngozi Okonjo-Iweala to become the global body’s director-general.

WTO: Coronavirus vaccines best stimulus for world economy

The Director General of the World Trade Organisation (WTO), Dr, Ngozi Okonjo-Iweala, has reiterated that a rapid global and equitable vaccine roll-out would be the best stimulus for a strong and sustained economic recovery for the global economy.
FILE PHOTO - The U.S. Capitol Building is reflected on a marble seating area following a rainstorm at the East Front on Capitol Hill in Washington, U.S., December 4, 2020. REUTERS-Tom Brenner-File Photo

US Senate Democrats seek change in Donald Trump tax reforms to create jobs

Top Democrats on the Senate Finance Committee on Monday proposed major shifts in former President Donald Trump's 2017 tax reforms to eliminate what they say are incentives for companies to move operations overseas and shift profits to tax haven countries.
World Bank Group President David Malpass

G-20 countries mulls extension of debt service freeze till December

World Bank president David Malpass says G-20 countries may extend debt service suspension till December.
The Kogi State Commissioner for Works and Housing, Engr Abubakar Ohere, says the 2023 Presidency will be about harnessing Youth creativity and energy towards resetting the Nigerian Nation.

2023: Only youth creativity will reset the nation – Kogi commissioner

The Kogi State Commissioner for Works and Housing, Engr Abubakar Ohere, says the 2023 Presidency will be about harnessing Youth creativity and energy towards resetting the Nigerian Nation. Engr Ohere made the disclosure during his...

SMEDAN boss: MSMEs clusters to boost competitiveness, export drive

The Director-General/Chief Executive, Small and Medium Enterprise Development Agency of Nigeria (SMEDAN), Dr. Dikko Umaru Radda, has assured that its furniture cluster park, currently under construction at the Industrial Development Centre (IDC), Idu, Abuja, will on completion in 2021, enhance the competitiveness of micro, small and medium scale enterprises (MSMEs) in the country and boost efforts to diversify the economy.
8. The Rivers State Government has launched a new security outfit to help maintain security in the oil-rich state. The security outfit, called C4i, was launched on Thursday in Port Harcourt by the Rivers State Governor, Nyesom Wike.

C4i: APC asks Governor Wike to apologise to Rivers people

The All Progressives Congress, APC, has reacted to Governor Nyesom Wike’s reactivation of a special security Command, Control, Communications, Computers And Intelligence (C4i) established by his predecessor, Rotimi Amaechi, in Rivers State.
Aftermath of wanton destruction of lives and properties during #EndSARS protests, Speaker of the House of Representatives, Femi Gbajabiamila, has revealed that Lagos State required a minimum of N1 trillion to reconstruct the wilful extensive damage of properties across the metropolis.

Nigeria, Ghana’s speakers seek improved parliamentary relations

The Speaker of the House of Representatives, Rep. Femi Gbajabiamila, and the new Speaker of the Ghanaian Parliament, Mr. Albert Bagbin, have agreed to strengthen parliamentary relations in a bid to find lasting solutions to challenges such as the trade dispute involving some Nigerian traders in Ghana.
FILE PHOTO - Oil tankers are seen parked at a yard outside a fuel depot on the outskirts of Kolkata February 3, 2015. REUTERS-Rupak De Chowdhuri-File Photo

India wields oil ‘weapon’ to cut dependence on Saudi

When India’s government last month asked refiners to speed up diversification and reduce dependence on the Middle East - days after OPEC+ said it would maintain production cuts - it sent a message about its clout and foreshadowed changes to the world’s energy maps.
YIAGA Africa

CSO kicks, calls for amendment of controversial CAMA 2020

A Civil Society Organisation, CSO, Yiaga Africa, Wednesday, expressed worry, kicked and called for the amendment of the controversial Companies and Allied Matters Act 2020.
FILE PHOTO - Incoming World Trade Organization President (WTO) Ngozi Okonjo-Iweala speaks during an interview with Reuters in Potomac, Maryland, U.S., February 15, 2021. REUTERS-Joshua Roberts

WTO says 2021 global trade recovery rests on vaccines

Global trade is set to grow by eight percent in 2021, the World Trade Organization (WTO) said Wednesday, stressing that the route out of the Covid-19 crisis rested on the rapid rollout of vaccines.

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Thugs disrupt PDP North West zonal executive committee congress

The Northwest zonal executive committee congress of the Peoples Democratic Party (PDP) in Kaduna, headquarters of the North West was disrupted Saturday following a clash between major contenders.
Borno Governor, Professor Babagana Umara Zulum, has commended the Nigerian military over recent gains recorded against Boko Haram’s fighters in Gwoza and the road leading to the northern part of the State.

Osun governor: Babagana Zulum a man of strong character, conviction

Governor Adegboyega Oyetola of Osun State has described his Borno State counterpart, Prof. Babagana Zulum, as a man of strong character and conviction who is determined to carry on despite the daunting security challenges in his domain.
President Muhammadu Buhari on Saturday commended the early response of the military and the Kaduna State Government towards the rescue of 180 students and eight staff members of the Federal College of Forestry Mechanization, Afaka, in Igabi LGA.

President Buhari appoints new DTCA, NIIA chiefs

President Muhammadu Buhari has appointed Ambassador Rabiu Dagari as Director-General of the Directorate of Technical Cooperation in Africa (DTCA).
Senator representing Plateau South in the National Assembly, Professor Nora Dadu’ut, has appealed to the federal government to support victims of the recent fire incident that engulfed the famous Namu Central Yam Market in Qua’an Pan Local Government Area, of Plateau state which led to the loss of food products and other valuables worth millions of naira.

Plateau senator seeks Nigerian government’s support for victims of yam market fire

Senator representing Plateau South in the National Assembly, Professor Nora Dadu’ut, has appealed to the federal government to support victims of the recent fire incident that engulfed the famous Namu Central Yam Market in Qua’an Pan Local Government Area, of Plateau state which led to the loss of food products and other valuables worth millions of naira.
A Nigerian police officer holds a bunch of handcuffs in Abuja on October 3, 2020. Sodiq Adelakun-Channels TV

Bauchi: Police nab kidnappers, cattle rustlers, bandits terrorising communities

The Bauchi State Police Command has arrested suspected kidnappers, cattle rustlers and bandits for wreaking havoc on residents of Nabordo and Duguri in Toro and Alkaleri local government of the state.

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“At this moment, l cannot say how many students were taken away by the gunmen until l get there, but we have already mobilized security men and members of the vigilantatè who are now in pursuit of the abductors,” the commissioner stated.

Two soldiers missing, as gunmen kill two mobile policemen in Taraba

Two mobile police officers were shot dead by some gunmen, Monday night, while on duty at a checkpoint in Dogongawa, along KatsinaAla-Takum road in Takum Local Government Area of Taraba State.
President Muhammadu Buhari on Saturday commended the early response of the military and the Kaduna State Government towards the rescue of 180 students and eight staff members of the Federal College of Forestry Mechanization, Afaka, in Igabi LGA.

President Buhari rejoices with Itsekiris over new monarch

President Muhammadu Buhari has rejoiced with the Itsekiri nation on the announcement of a new Olu of Warri, as pronounced by the Iyatsere of Warri Kingdom.

Groups donate N20 million oxygen facilities to Jigawa

GlaxoSmith Kline (GSK), in collaboration with Save the Children, has donated N20 million worth of Medical Oxygen facilities to Rasheed Shekoni Specialist Hospital, Jigawa State.

UNHCR: Violence, armed attacks displacing more Nigerians

The United Nations High Commission for Refugees has said that the rising violence and armed attacks in parts of the country was displacing more Nigerians.

Bode George: Ayodele Fayose a ‘complete infra dig’ not worthy of my response

Chief Olabode George, a former Deputy National Chairman of the Peoples Democratic Party (PDP), on Monday said he will not dignify Ayo Fayose, former governor of Ekiti state with a response over his recent interview.