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IMF Managing Director Kristalina Georgieva told reporters a new allocation of the IMF’s own currency, Special Drawing Rights, would give countries more fiscal space to address the health crisis and accelerate moves to a digital and green economy.

IMF chief sees ‘high degree of uncertainty’ in global outlook

The head of the International Monetary Fund said on Monday the global economic outlook remained highly uncertain given the coronavirus pandemic, and a growing divergence between rich and poor countries required the IMF to find more resources.
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 to invest $5 billion in Africa’s drylands

The World Bank Group plans to invest over $5 billion over the next five years to help restore degraded landscapes and improve agriculture productivity.
Estonian Prime Minister Juri Ratas, a member of the European Union, early on Wednesday announced his intention to resign, his spokeswoman, Liisi Poll, said.

Estonian prime minister to resign – spokeswoman

Estonian Prime Minister Juri Ratas, a member of the European Union, early on Wednesday announced his intention to resign, his spokeswoman, Liisi Poll, said.
Former Algerian premier, Ahmed Ouyahia, on trial for corruption, admitted Saturday to receiving gold bars from Gulf donors then selling them on the black market, the official APS news agency reported.

Algerian ex-premier admits selling gold bars on black market

Former Algerian premier, Ahmed Ouyahia, on trial for corruption, admitted Saturday to receiving gold bars from Gulf donors then selling them on the black market, the official APS news agency reported.
The African Development Bank, AfDB, says it has approved a 70 million dollar loan for a road project in Ebonyi. The bank said on its website on Friday that it would provide $40 million, while its co-financier, the Africa Growing Together Fund (AGTF), would contribute $30 million for the project.

AfDB grants $11.26 million for women, girls’ education in Chad

The Board of Directors of the African Development Bank has approved a grant of $11.26 million to the Government of Chad to finance the Girls’ Education and Women’s Literacy Project – the bank’s first grant exclusively targeting women and girls.
Nigerian National Petroleum Corporation (NNPC)

NNPC seeks $1 billion funding to revive PHC refinery

The Nigerian National Petroleum Corporation, NNPC, is currently shopping for $1 billion to revamp Nigeria’s biggest refinery located in Port Harcourt, Rivers State.
Kano State Governor Abdullahi Umaru Ganduje

Kano agency probes N7 billion foreign scholarship programme

The Kano State Public Complaints and Anti-corruption Commission has launched an investigation into how funds meant for the state’s foreign scholarship scheme about six years ago were utilised.
Saudi Arabia's Crown Prince Mohammed bin Salman welcomes Qatar's Emir Sheikh Tamim bin Hamad al-Thani upon his arrival to attend the Gulf Cooperation Council's (GCC) 41st Summit in Al-Ula, Saudi Arabia January 5, 2021. Bandar Algaloud/Courtesy of Saudi Royal Court/Handout via REUTERS ATTENTION EDITORS - THIS PICTURE WAS PROVIDED BY A THIRD PARTY

Qatar crisis: Saudi Arabia and allies restore diplomatic ties with emirate

Diplomatic relations have been restored between Qatar and four Arab states that imposed an embargo against it for three years, the Saudi foreign minister says.
Yemi Osinbajo

VP Osinbajo secures cement manufacturers pledge to offer discount for housing scheme

Vice-President Yemi Osinbajo has secured the pledge from cement manufacturers in the country to offer discount on the commodity for the Federal Government’s Social Housing Scheme.
Governor Douye Diri has expressed worry over the development, following the lifting of the ban on interstate travel.

Bayelsa governor signs N329 billion 2021 budget into law

Bayelsa State Governor, Senator Douye Diri, has signed the 2021 Appropriation Bill of N329.29 billion into law.
President Muhammadu Buhari addressing the abducted students in Katsina, December 18th, 2020. Bayo Omoboriowo

President Buhari asks central bank not to give money for food importation

President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) not to provide foreign exchange for the importation of food items.
La Liga President Javier Tebas poses during an interview with Reuters at the La Liga headquarters in Madrid, Spain, October 2, 2018. REUTERS-Paul Hanna

La Liga boss slams ‘clandestine’ Super League plans

La Liga president Javier Tebas has slammed a proposed Super League, claiming current planning is "clandestine" and that any such competition would quickly go bankrupt.
The African Development Bank, AfDB, says it has approved a 70 million dollar loan for a road project in Ebonyi. The bank said on its website on Friday that it would provide $40 million, while its co-financier, the Africa Growing Together Fund (AGTF), would contribute $30 million for the project.

AfDB’s board approves borrowing programme for 2021

The 2021 Borrowing Programme of the African Development Bank (AfDB) has been approved by the Board of Directors for up to $10.4 billion to be raised from capital markets.

Nigerian government unveils prototype for mass housing scheme

The Federal government yesterday unveiled a prototype of its Mass Housing Scheme at Model House, Dei Dei, FCT, Abuja.
Logo of the World Health Organization [WHO]

Coronavirus: $28 billion ACT project is ‘best deal in town’ – WHO

An international coalition aiming to tackle the COVID-19 pandemic needs $28 billion, a bargain price for stopping the damage done by a virus that has run rampant for the past year, a senior UN World Health Organisation (WHO) official said on Tuesday.
Oyo State governor, Seyi Makinde, on Tuesday, signed the Oyo State Security Network Agency Bill 2020 for the establishment of Amotekun Corps into law.

Amotekun: Oyo governor launches 33 vehicles, 396 motorcycles for smooth operation

Gov Seyi Makinde of Oyo State on Tuesday, launched 33 pick-up vehicles and 396 motorcycles for the smooth operation of the Western Nigeria Security Network, code-named Amotekun, in the state.
Embattled President of African Development Bank (AfDB), Dr Akinwumi Adesina, has survived a second round of investigation into his conduct, giving him a boost in his re-election bid next month.

AfDB chief calls for investment in education, human capital to transform Nigeria

Dr. Akinwumi Adesina, President, African Development Bank (AfDB), says there is need for a massive rebirth and proper financing of education to have a new Nigeria.

Anchor borrower game-changer in financing of smallholder farmers – CBN chief

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday said the Anchor Borrowers’ Programme (ABP) has proven to be a game-changer in the financing of smallholder farmers in the country.

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Speaking during a press conference in Abuja on Monday, NDLEA Chairman, Buba Marwa, said over 15 million Nigerians abuse drugs nationwide.

NDLEA chair: Over 15 million Nigerians abuse drugs

The National Drug Law Enforcement Agency (NDLEA) has lamented the rate of drug abuse in the country.
Fabinho has insisted that Mohamed Salah is very happy at Liverpool amid speculation over the Liverpool star's future.

Mo Salah: I want to stay at Liverpool as long as I can

The Egypt international, the Premier League's top scorer this season with 13 goals, has a contract until the summer of 2023 and has said he wants to stay and continue to break records with the Reds.

Telegram says it ‘shut down hundreds of public calls for violence’ in US last...

Amid rising political tensions in the United States, Telegram founder Pavel Durov says his chat service has taken down hundreds of public calls for violence, in accordance with the platform’s terms of service.
An FBI warrant logged Jan. 17 identifies Riley June Williams, shown in an undated driver's license photo, as the Pennsylvania resident accused of unlawfully breaching the U.S. Capitol and directing people to House Speaker Nancy Pelosi's office.

FBI: Capitol rioter hoped to sell Nancy Pelosi laptop to Russia

A young woman identified as having taken part in the storming of the US Capitol reportedly stole a laptop belonging to top Democrat Nancy Pelosi and hoped to sell it to a Russian spy agency, according to an FBI criminal complaint.
Former Imo State Governor Rochas Okorocha has urged his supporters to resist further attacks from the government. He said he would no longer tolerate unwarranted assaults on his person and relatives.

2023: Why we are forming new political movement – Senator Okorocha

Okorocha, representing Imo West Senatorial District in the National Assembly, said himself and other progressive-minded politicians were perfecting the plan as a result of the silent agitations and complaints across the country against the current state of the nation.