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IMF approves $3.4 billion emergency support to Nigeria

The board of the International Monetary Fund (IMF) yesterday approved Nigeria’s request for $3.4 billion emergency support to address the severe impact of the COVID-19.

WHO: Africa falling short of 40% reduction in malaria cases, deaths in 2020

Dr Matshidiso Moeti, Director for Africa, World Health Organisation (WHO), on Saturday said that Africa was falling short of the 2020 milestone of 40 per cent reduction in cases and deaths.
Sam Ohuabunwa

PSN demands investment in research, strong healthcare system to tackle coronavirus, pandemics

To mark the World Malaria Day, experts have reiterated the need for Nigeria to develop stronger and robust healthcare systems which can withstand pressure in the face of any pandemic such as COVID-19 through improved budget and invest­ment in infrastructure, espe­cially health research.
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 to meet April 28 on Nigeria’s request for $3.4 billion emergency fund

Nigeria, which is reeling from the twin hits of the oil price collapse and the new coronavirus pandemic, requested the emergency funding under the Fund’s Rapid Financing Instrument.
Men load sacks of rice among other food aid in a truck, to be distributed for those affected by procedures taken to curb the spread of coronavirus disease (COVID-19), in Abuja, Nigeria April 17, 2020. REUTERS-Afolabi Sotunde

How Africa risks reeling from a health crisis to a food crisis

In Nigeria’s Benue state, the food basket of the country, Mercy Yialase, sits in front of her idle rice mill. Demand is high across the nation, but she already has mounds of paddy rice that are going nowhere amid the COVID-19 lockdown.

IMF: African countries need $114 billion to fight coronavirus

Nigeria and other African countries need an estimated $114 billion this year in their fight against COVID-19, the International Monetary Fund (IMF) has said.

Experts advise government to build, transfer housing to reduce deficit

In order to reduce the acute housing deficit in the country, some experts in the built environment have suggested that government should massively build and transfer houses either by low-cost scheme or another system.
The International Monetary Fund is looking to triple its concessional financing for the poorest countries to over $18 billion to help them respond to the novel coronavirus pandemic, Managing Director Kristalina Georgieva said on Wednesday.

IMF chief wants to triple concessional financing for poor countries

The International Monetary Fund is looking to triple its concessional financing for the poorest countries to over $18 billion to help them respond to the novel coronavirus pandemic, Managing Director Kristalina Georgieva said on Wednesday.

Coronavirus: IMF approves $1 billion credit for Ghana

The International Monetary Fund, IMF, on Monday approved the disbursement of US$1 billion to be drawn under the Rapid Credit Facility (RCF).
The Minister of Information and Culture, Lai Mohammed, said in terms of business opportunities, employment and earnings, the entertainment industry is an unexplored keg of potentialities.

Nigeria realised $104 million from film, music in 2019 – minister

Nigeria’s creative industry has been described as the fastest growing sector of the economy with $53 million and $51 million accrued last year from film and music respectively.
The Lagos State Commissioner for Energy and Mineral Resources, Olalere Odusote, has said the state administration is desirous of creating enabling environment for oil companies in the state in line with its campaign for ease of doing business.

Energy sector important to Lagos – official

The Lagos State Commissioner for Energy and Mineral Resources, Olalere Odusote, has said the state administration is desirous of creating enabling environment for oil companies in the state in line with its campaign for ease of doing business.
Olufemi Gbajabiamila

House of Reps replace FERMA with new agency, seek funding

The House of Representatives has passed a bill scrapping the Federal Road Maintenance Agency (FERMA) and replaced it with a Federal Road Authority charged with the rehabilitation and maintenance of all federal roads across the country. The House also moved to establish a National Roads Fund to generate funds for the maintenance of all federal roads with a view to ensuring motorable roads across the country and take such burden away from government.

Afreximbank president speaks at 4th South East economic summit

President of Afreximbank, Professor Benedict Oramah, will deliver the keynote address on the theme: “Financing South East economic development and improving the Ease of Doing Business in the South East”, on Friday at the 4th South East Economic Summit (SEES) holding in Enugu.

Nigeria announces enhanced capacity in health threat detection

With the review of Nigeria’s International Health Regulations (IHR, 2005) capacities to prevent, detect and respond to public health threats, a new average Joint External Evaluation (JEE) score of 46% for Nigeria has been announced. This is a 7% increase from the 2017 score of 39%.
President Muhammadu Buhari in his goodwill message to the Esogban by the Senior Special Assistant on Media and Publicity, Mallam Garba Shehu, joined members of Edebiri family, friends and well-wishes in celebrating an important and respected son of Bini Kingdom’s rich culture and heritage.

South East youths urge President Buhari to ban vehicles importation

A coalition of South East Youth Leaders has urged President Muhammadu Buhari to ban the importation of new vehicles and cars into the country and to support Innoson Motors the only indigenous vehicle manufacturer in the country.
The Bangladesh High Commissioner to Nigeria, Shameen Ahsan, has called for the strengthening of its international relations with Nigeria to harness investment potential that abounds in both countries.

Bangladesh seeks strong investment relations with Nigeria

The Bangladesh High Commissioner to Nigeria, Shameen Ahsan, has called for the strengthening of its international relations with Nigeria to harness investment potential that abounds in both countries.
The Federal Capital Territory (FCT) administration has raised alarm over rising cases of insecurity and vandalism in the territory. Abuja

Abuja trade fair extended to October 2

The on-going 2019 Abuja International Trade Fair (2019AITF) organised by the Abuja Chamber of Commerce and Industry (ACCI) has been extended to Wednesday, October 2.
The Presidential Election Petition Tribunal has upheld argument by President Muhammadu Buhari that it lacked the jurisdiction to entertain allegation of corrupt practices and voters’ inducement raised against Vice President Yemi Osinbajo in the petition by Atiku Abubakar and the PDP.

Official: VP Osinbajo not involved in disbursement of N-SIP funds

The National Social Investment Office (NSIO) has said that contrary to rumours, the office of Vice President was not involved in financial transactions or the disbursement of funds for the National Social Investment Programmes (N-SIPs)

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Governor David Nweze Umahi

Ebonyi governor bemoans astronomical rise of coronavirus cases

Gov. David Umahi of Ebonyi has bemoaned the astronomical rise of COVID-19 cases in the state, describing it as ‘shocking and disturbing’.
All Progressives Congress (APC) Nigeria

Southwest APC hails Idowu Otetubi for withdrawing suits against Ondo party exco

The All Progressives Congress (APC) South West Zonal Caucus, has commended Mr Idowu Otetubi for withdrawing the lawsuit instituted against the Ondo State executive committee of the party.
Former Chelsea and Tottenham boss Andre Villas-Boas has returned to management at Marseille on a two-year contract.

Andre Villas-Boas returns as Marseille coach for 2020/21 season

Andre Villas-Boas will return as Marseille coach for next season, the club announced on Monday, despite widespread reports the Portuguese was set to leave after just one year in charge.
Director General of the World Health Organization (WHO) Tedros Adhanom Ghebreyesus attends a news conference on the situation of the coronavirus (COVID-2019), in Geneva, Switzerland, February 28, 2020. REUTERS-Denis Balibouse-File Photo

WHO fears ‘silent’ virus epidemic unless Africa prioritises testing

Africa has so far been spared the worst impact of the coronavirus, but the World Health Organisation is worried the continent could face a “silent epidemic” if its leaders do not prioritise testing for it, a WHO envoy said on Monday.
During a session with the club's media, Manchester United forward Odion Ighalo was surprised to receive a call from legend Andy Cole.

Manchester United fans sad over Odion Ighalo transfer update

Manchester United fans will be sad if Odion Ighalo leaves the club this summer.