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Employees collect protective face masks from the production line at a factory as Morocco starts to increase their production following an outbreak of the coronavirus disease (COVID-19), in Casablanca, Morocco April 10, 2020. REUTERS-Youssef Boudlal

Morocco’s economy to contract 13.8% in Q2, 4.6% in Q3 – agency

Morocco’s economy is expected to contract by 13.8% in the second quarter under the impact of the coronavirus lockdown, the state planning agency said on Sunday.

Oil marketers insist on full deregulation

The independent oil marketers operating under the aegis of the Private Depot of Oil and Gas Marketers Association of Nigeria (PDOGMAN) has impressed on the federal government the need to embark on full deregulation of the downstream sector of the nation’s oil and gas industry, saying this would benefit the economy on the long run.
The Minister of Agriculture and Rural Development, (FMARD), Sabo Nanono, says the Federal Government is committed to ensuring the take-off of University of Agriculture, Zuru, Kebbi, in 2020.

Nigerian government to establish over 600 farm mechanisation centres

The federal government has said it will start up a programme, “The Green Imperative”, which will lead to the establishment of 632 farm mechanisation centres in the country.
Kimberly Guilfoyle -- the girlfriend of Donald Trump Jr. and a top fundraiser for the Trump campaign -- has tested positive for coronavirus, according to a top official for the committee she leads.

Donald Trump Jr’s girlfriend tests positive for coronavirus

The girlfriend of Donald Trump Jnr, the US president’s eldest son, has tested positive for the coronavirus, US media have reported.
The Nigerian Economic Summit Group (NESG) has confirmed that dialogue in national transformation at this year’s economic summit will focus on job creation, youth empowerment and entrepreneurship.

Nigerian government inaugurates joint planning committee for economic summit

The Federal Government has inaugurated the Joint Planning Committee (JPC) for the 26th Nigerian Economic Summit (NES#26) scheduled to hold in October 2020.
The Minister of Agriculture and Rural Development, Alhaji Muhammad Nanono gave the assurance at the weekend while interacting with stakeholders in the sector in Bauchi.

Nigerian government boosts Kogi farmers with assorted inputs to mitigate coronavirus impact

The distribution of farm inputs was made by the Minister of Agriculture and Rural Development, Muhammad Nanono, at the Ministry’s Warehouse at Okene road, Lokoja in Kogi State as contained in a statement signed by the Director, Information, Theodore Ogaziechi, which include a variety of seeds; cashew, sesame, soybeans, and tomatoes.
Illustration photo shows a two-rand coin above a South African flag April 12, 2017. REUTERS-Thomas White-Illustration

South African rand opens stronger after positive data

South Africa’s rand opened stronger on Friday and was on course for gains of roughly 2% against the dollar this week, after the first current account surplus in 17 years and an upbeat U.S. jobs report.

Germany entering recovery stage in coronavirus downturn – analysts

The German economy is set to return to growth in the remaining half of 2020 after the COVID-19 crisis dragged Europe’s biggest economy into recession, the ifo research institute said on Wednesday.

Senator Suswam identifies problem with power sector

The lack of quality data is the basic and most fundamental problem in the Nigerian power sector, the Chairman of the Senate Committee on Power, Gabriel Suswam (PDP-Benue), has said.
India has opened up its vast railway sector to private companies, allowing firms to operate trains on certain routes, in a bid to boost its stuttering, virus-hit economy.

India opens vast railway network to private investment

India has opened up its vast railway sector to private companies, allowing firms to operate trains on certain routes, in a bid to boost its stuttering, virus-hit economy.
New daily coronavirus cases in the United States soared past 50,000 for the first time Wednesday, as the World Health Organization delivered a grave warning that the global pandemic is accelerating.

US virus cases smash daily record as global infections soar

New daily coronavirus cases in the United States soared past 50,000 for the first time Wednesday, as the World Health Organization delivered a grave warning that the global pandemic is accelerating.
Speaker of the House of Representatives, Rep. Femi Gbajabiamila on the floor, moving a bill on the Repeal of Quarantine Act, 2004 at plenary yesterday at National Assembly Abuja. . Photo by Gbemiga Olamikan. 2

Tariff hike: Electricity consumer group says National Assembly intervention timely

A group, All Electricity Consumers Protection Forum, on Thursday commended the National Assembly for playing a pivotal role in halting the increment in tariffs by the electricity Distribution Companies (DisCos).
Students, socially distanced, attend a flag-raising ceremony at a secondary school in Bangkok. AFP

Thailand reopens schools, nightclubs, others

Mask-wearing pupils catching up with friends at one Bangkok high school were quickly told to spread out as they headed back to lessons on Wednesday after months of distance learning due to coronavirus restrictions.
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

Power: World Bank loan will unlock economic growth – capital market operator

A capital market operator, Mr Godwin Anono, says the World Bank loan of $750million to fix energy challenges in the country will unlock the country’s economic growth.
Earlier, Health Minister Mikhail Murashko, said that Russia was preparing to sell such vaccines and other relevant medical supplies on a global level.

Russia to supply coronavirus vaccine to global market

Russia on Monday said it was preparing to supply its coronavirus vaccine to the global market, with its military reporting that tests among volunteer soldiers have been successful.
Gita Gopinath, the International Monetary Fund’s Chief Economist, is seen outside the IMF headquarters June 24, 2020, in Washington, DC. – The global coronavirus pandemic has sparked an economic “crisis like no other,” sending world GDP plunging 4.9 percent this year and wiping out $12 trillion over two years, the IMF said June 24, 2020. IMF chief economist Gita Gopinath said under current forecasts, the crisis will destroy $12 trillion over two years, and cautioned, “we are not out of the woods.” She warned governments against withdrawing the stimulus too quickly. (Photo by Brendan Smialowski / AFP)

IMF approves emergency funding for pandemic-hit Myanmar

“The Myanmar economy is being impacted by the outbreak of COVID-19 through a sharp decline in tourism and remittances and supply chain disruptions,” Mitsuhiro Furusawa, IMF deputy managing director, said in a statement.
Visitors are seen at the entrance of Gold Reef City and casino. REUTERS-Siphiwe Sibeko

South Africa to reopen casinos and cinemas despite coronavirus spread

South Africa will allow casinos and cinemas to reopen and restaurants to resume sit-down meals on Monday in a further easing of coronavirus lockdown restrictions despite a sharp rise in infections.
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

World Bank: Nigeria faces worst recession in 40 years

The collapse in crude oil prices, coupled with the COVID-19 pandemic, is expected to “plunge the Nigerian economy into a severe recession, the worst since the 1980s”, the World Bank said on Thursday.

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ART supports Nigerian government’s plan on airport concession

The Aviation Safety Round Table Initiative (ART), a non-governmental body has thrown its weight behind the Federal Government’s plan to concession four of the country’s airports.

Nigerian government to resume Third Mainland Bridge repairs

The Federal Controller of Works in Lagos, Olukayode Popoola, on Monday said consultations were on for another phase of repair works to begin on the Third Mainland Bridge.

Enugu court remands couple for brutalising house help

The Enugu State Magistrate Court on Monday remanded a couple, Mr Jude Ozougwu, and Ifeoma in prison for allegedly brutalising a 10-year-old Nneoma Nnadi with pressing iron and nails.
Uber has confirmed that it’s buying on-demand delivery company Postmates in an all-stock deal valued at $2.65 billion.

Uber confirms $2.7 billion Postmates acquisition

Uber has confirmed that it’s buying on-demand delivery company Postmates in an all-stock deal valued at $2.65 billion. The announcement comes after a week of speculation which culminated in Bloomberg reporting earlier today that the deal was done, though neither company has responded to the claims until now.
(FILES) In this file photo taken on June 21, 2020 Liverpool’s German manager Jurgen Klopp wearing a face mask comes out for the warm up during the English Premier League football match between Everton and Liverpool at Goodison Park in Liverpool, north west England. – The delay to Liverpool’s title celebrations caused by the coronavirus was just the latest twist in the tale of the Reds’ 30-year wait to be crowned champions of England. A stunning run of 26 wins and one draw from their opening 27 games of the Premier League season ensured Jurgen Klopp’s men were champions-elect long before football was shut down in March. (Photo by PETER POWELL / POOL / AFP)

Jurgen Klopp coy on Thiago Alcantara speculation as Bayern Munich admit he could be...

Liverpool have been strongly linked with a move for the Spain international who has been tipped to leave the Bundesliga champions this summer, the 29-year-old entering the final year of his contract and reportedly keen on a new challenge after seven seasons in Munich.