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The International Monetary Fund (IMF) approved $171.9 million of funding to Madagascar, it said on Thursday, bringing the total COVID-19 emergency support to the country to $337.9 million.
Lebanon’s Central Bank has set up a committee to restructure financially-stricken commercial banks and study their performance, a memo by the bank seen by Reuters on Thursday showed.
Nigeria’s former Minister of Finance and frontrunner for the post of Director-General of the World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, has declared her plan to lead a global trade organisation that would bring about shared prosperity to all members.
The IMF and World Bank Group announced Thursday that their annual fall meetings will be mostly virtual due to the coronavirus pandemic.
The Nigeria Employers’ Consultative Association (NECA) has said the Central Bank of Nigeria’s adjustment of naira exchange rate from N360/dollar to N380/dollar at the Secondary Market Intervention Sales (SMIS) will result in inflation.
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.
“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.
Global response to the outbreak of the Coronavirus in Africa has been remarkable, especially following fears that should the virus take hold, its impact on the continent could be catastrophic.
Sudan will begin rolling out an experimental programme of direct cash transfers to its neediest citizens next week as it tries to wean the country off costly subsidies.
Uganda will lose $1.6 billion a year in earnings from tourism as visitors stay away due to the impact of the coronavirus, President Yoweri Museveni said.
Eighty-year-old Isobel Simons calmly narrated how she and her late husband lost their 728-hectare Zimbabwe farm two decades ago to Robert Mugabe’s controversial land reforms.
The Presidency on Thursday urged the House of Representatives to speedily pass the 2020-2022 Medium Term Expenditure Framework (MTEF), and Fiscal Strategy Paper (FSP) and the revised Appropriation Bill, 2020 for the fiscal year.
Prominent emerging market creditors have set up a new group to help heavily-indebted African nations coordinate responses to the economic impact of COVID-19, but have also criticised recent calls for blanket debt relief.
The Minority Leader of the House of Representatives, Rep. Ndudi Elumelu (PDP-Delta), says opposition lawmakers in the house have been at the center of unearthing and exposing acts of corruption in the country.
The Zamfara State Government has directed secondary schools in the state to reopen from August 9, to enable exiting students sit for Secondary School Certificate Examination (SSCE).
Activities on the Nigerian Stock Exchange (NSE) extended a positive trend on Tuesday with key market indices appreciating further by 0.31 per cent.
The Executive Secretary, National Universities Commission (NUC), Prof. Abubakar Rasheed, says 32 federal, state and private universities across all geopolitical zones are involved in different stages of research toward tackling direct and collateral impacts of COVID-19.
The West African Examinations Council (WAEC) has released the timetable for the 2020 West African Senior School Certificate Examination.
Former Head of State, General Yakubu Gowon (retd), and President of Christian Association of Nigeria, CAN, Rev. Samson Ayokunle, has blamed the sliding state of the economy, insecurity and underdevelopment of the country on bad leadership.
Former D’Tigers guard, Chamberlain Oguchi, has been named Nigeria’s best basketball player in the last decade, by continental governing body FIBA Africa.
A man and his wife have been killed in a suicide attack which rocked Kafan Ruwa village in Konduga Local Government Area of troubled Borno State.
Former Deputy Senate President of Nigeria, Ike Ekweremadu, has congratulated Super Eagles striker Victor Osimhen following his move to Napoli.
Governor Nyesom Wike of Rivers State and Chairman of the PDP Edo State Governorship Campaign Council, has described Pastor Osagie Ize-Iyamu, Edo State governorship candidate of All Progressives Congress, APC, as a bad product which cannot be sold to the good and discerning people of Edo State.