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NITDA rolls out policies to retain 100,000 jobs, creates 30,000 jobs

National Information Technology Development Agency (NITDA) has put numerous efforts in creating an enabling environment for the purpose of cushioning the effect of the pandemic and creating more jobs, the director-general of NITDA, Mallam Kashifu Inuwa has said.
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.
President Muhammadu Buhari is currently presiding over the Emergency National Executive Council, NEC, meeting of the All Progressives Congress, APC, at the Council Chamber, Presidential Villa, Abuja.

EAC: N2.3 trillion stimulus package may face hurdles

The Presidential Economic Advisory Council yesterday warned that the smooth implementation of the N2.3trn stimulus package could be hampered if the ensuing problems were left unattended to.
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.
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: Number of extremely poor Nigerians to hit 95.7 million in 2022

The World Bank has accessed the impact of the rampaging COVID-19 pestilence and predicted that 95.7 million Nigerians will live below the poverty line by 2022.

Coalition urges government to transform Nigeria into world class tourist hub

Coalition of Societies for the Rights of Older Persons in Nigeria (COSROPIN), has urged the Federal Government to strengthen policies that would transform the country into a world class tourist hub.
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 approves $750 million for Nigeria’s power sector recovery

The World Bank has approved a 750 million dollar International Development Association (IDA) credit for Nigeria’s Power Sector Recovery Operation (PSRO) to improve electricity supply.
The displacement of thousands of overseas Filipino workers (OFWs) due to the COVID-19 pandemic may drag the Philippines‘ GDP growth down by 0.4 percent this year due to the reduction in remittances, the Philippine central bank said.

Remittance drop may drag Philippine GDP growth down by 0.4 pct central bank

The displacement of thousands of overseas Filipino workers (OFWs) due to the COVID-19 pandemic may drag the Philippines‘ GDP growth down by 0.4 percent this year due to the reduction in remittances, the Philippine central bank said.
The Minister of Mines and Steel Development, Olamilekan Adegbite, on Tuesday said the Federal Government had been able to recover 25 sites from 2007 that the programme started.

Nigeria designates seven strategic minerals to unlock economy

Mr Olamilekan Adegbite, Minister of Mines and Steel Development, says the Federal Government has designated seven of the country’s strategic minerals to unlock the enormous potential in the mining sector.
Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), has again accused President Muhammadu Buhari of clamping down on the judiciary.

Minister: Atiku Abubakar’s position on ‘debt profile’ based on scaremongering

The Federal Government has faulted former Vice President Atiku Abubakar’s comment on the debt profile of the nation saying his comments were based “on scaremongering anchored on a false premise.”
Minister of Communications and Digital Economy, Dr. Isa Ali Pantami

Minister excited as ICT contributes 14.07 percent to GDP

The Minister of Communications and Digital Economy, Dr Isa Pantami, has expressed delight over the growth of ICT’s contribution to Nigeria’s GDP in the first quarter of 2020 (Q1 2020).
Russian President Vladimir Putin, center, wearing a protective suit enters a hall during his visit to the hospital for coronavirus patients in Kommunarka settlement, outside Moscow, Russia, March 24, 2020.

Russia’s coronavirus cases top 390,000

Russia confirmed 8,952 new COVID-19 cases in the last 24 hours, raising its total infections to 396,575, its coronavirus response centre said in a statement Saturday.
President Muhammadu Buhari has told supporters of the All Progressives Congress (APC) in Kogi state not to vote for any candidate from the Peoples Democratic Party (PDP) during the general elections.-14

Presidency: President Buhari’s victory in 2015 saved Nigeria from collapse

As President Muhammadu Buhari’s administration clocks five years on May 29, the Presidency has said that the victory of the President in 2015 saved the country from total collapse.
President Muhammadu Buhari on Monday signed into law the Finance Bill 2019 (now Finance Act), which among other objectives, seeks to increase government revenue while supporting struggling small businesses in Africa’s largest economy.

Nigeria’s economy grow by nearly 2 percent in Q1 despite lockdown

Nigeria’s Gross Domestic Product (GDP) grew by 1.87% on a year-on-year basis in the first quarter of 2020 despite many economic contractions around the world, a new by National Bureau of Statistics report has shown.
S&P Global Ratings on Friday said it projects South Africa’s economy to shrink by 4.5% this year as a result of the COVID-19 pandemic that has impacted production and consumption.

S&P forecasts South Africa’s economy to shrink 4.5 percent in 2020

S&P Global Ratings on Friday said it projects South Africa’s economy to shrink by 4.5% this year as a result of the COVID-19 pandemic that has impacted production and consumption.
Tunisia’s GDP shrank by 1.7% year-on year in the first quarter of 2020, the State Statistics Institute said on Friday, as the vital tourism sector has been hit hard by the coronavirus crisis.

Tunisia’s GDP shrank 1.7 percent in the first quarter of 2020

Tunisia’s GDP shrank by 1.7% year-on year in the first quarter of 2020, the State Statistics Institute said on Friday, as the vital tourism sector has been hit hard by the coronavirus crisis.
“The President of the Federal Republic of Nigeria, Muhammadu Buhari, has granted the prayers of the Minister of Communications Dr Isa Ali Ibrahim Pantami, to properly position and empower the ministry to fulfil his digital economy objectives”

Minister lauds Kaduna, Imo, Katsina, Plateau governors for complying with right of way resolution

The Minister of Communications and Digital Economy, Dr Isa Ali Ibrahim (Pantami), has commended Governors El-Rufai, Uzodimma, Masari and Lalong for implementing Right of Way Resolution.
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

Minister: Nigerian states to get $1.5 billion from World Bank

The World Bank has got a proposal of 1.5 billion dollars to states as part of economic stimulus to cushion the impact of the COVID-19 pandemic, says Minister of Finance, Zainab Ahmed.

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Arik, Aero, Dana, others begin Lagos-Abuja flights Wednesday

Nigeria’s airspace will roar back to life on Wednesday as six domestic carriers are set to resume flights after more than three months of shut down.
South African President Cyril Ramaphosa visits the coronavirus disease (COVID-19) treatment facilities at the NASREC Expo Centre in Johannesburg, South Africa April 24, 2020. Jerome Delay-Pool via REUTERS-File Photo

President Ramaphosa urges South Africans to keep distance from elderly

People with underlying medical conditions such as high blood pressure, diabetes, heart disease, renal disease, asthma and chronic respiratory disease are more vulnerable to developing severe complications and dying from coronavirus, Ramaphosa said, citing data from the Department of Health.
Governor Douye Diri has expressed worry over the development, following the lifting of the ban on interstate travel.

Bayelsa records more coronavirus deaths, 11 new infections

Dr Jones Stowe, the Director of Public Health and member of state COVID-19 Task Force who gave the update in a statement on Monday in Yenagoa, said the new death brought the total number of deaths in the state to 16.
Social Democratic Party (SDP)

Ondo SDP begs with police to shut down party secretariat

The Acting Chairman of the Ondo State chapter of Social Democratic Party (SDP), Mr Dele Thomas, has pleaded with the Inspector-General of Police to instruct the state commissioner of police to seal up the party secretariat in the state.
Olufemi Gbajabiamila

Speaker Gbajabiamila: Nigerian government lacks resources to deliver on infrastructural projects

The Speaker of the House of Representatives, Hon. Femi Gbajabiamila, has said that the federal government does not have the resources to deliver on development ambitions and the infrastructural projects it had committed to as a result of the economic downturn.