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French President Emmanuel Macron, Sudan's Prime Minister Abdalla Hamdok and Sudan's Sovereign Council Chief General Abdel Fattah al-Burha attend the International Conference in support of Sudan at the Temporary Grand Palais in Paris, May 17, 2021

Sudan clears final hurdle for debt relief at Paris conference

International Monetary Fund member countries have agreed to clear Sudan’s arrears to the institution, France’s president said on Monday, removing the final hurdle to the African nation getting wider relief on its external debt of at least $50 billion.
French President Emmanuel Macron has proposed that rich Western countries transfer 3-5 percent of their stock of Covid-19 vaccines to Africa, in an interview with the Financial Times published on Thursday.

France promises to lend Sudan $1.5 billion to pay off its debts

The French government has said it will lend Sudan $1.5 billion to help the heavily indebted country pay off its arrears to the International Monetary Fund.
Tunisia's Finance Minister Ali Kooli attends an interview with Reuters in Tunis, Tunisia January 29, 2021. REUTERS-Tarek Amara

Minister: U.S. will grant Tunisia $500 million in aid

The United States will grant Tunisia $500 million in aid to finance infrastructure and other projects and talks are also advanced on a loan guarantee, Tunisian finance minister Ali Kooli told Reuters on Monday.
French President Emmanuel Macron this week hosts African leaders and chiefs of global financial institutions for twin summit meetings that will seek to help Sudan into a new democratic era and provide Africa with critical financing swept away by the Covid-19 pandemic.

France hosts Africa summits on Sudan, post-coronavirus finance

French President Emmanuel Macron this week hosts African leaders and chiefs of global financial institutions for twin summit meetings that will seek to help Sudan into a new democratic era and provide Africa with critical financing swept away by the Covid-19 pandemic.

IMF approves financing plan of debt relief to Sudan

The International Monetary Fund (IMF) executive board approved on Monday a financing plan to help mobilize resources needed for the fund to cover its share of debt relief to Sudan.
FILE PHOTO - A picture illustration shows U.S. 100 dollar bank notes taken in Tokyo August 2, 2011. REUTERS-Yuriko Nakao-File Photo

US dollar share of global forex reserves drops to 25-year low

The share of United States dollar reserves held by central banks across the world fell to 59 per cent—its lowest level in 25 years, during the fourth quarter of 2020.
Johnson & Johnson's single dose COVID-19 shot is the fourth to be endorsed for use in the EU after vaccines from Pfizer-BioNTech, AstraZeneca-Oxford University and Moderna.

Nigerian government to procure 29.588 million doses of Johnson & Johnson vaccine

The federal government is committed to procuring 29.588 million doses of the Johnson & Johnson vaccine through the AVAT initiative, coordinated by Afreximbank, the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has said.
4. President Muhammadu Buhari on Thursday said the registration of the National Identity Number and linking it to mobile numbers will help fight insecurity in the country.

SERAP asks President Buhari to publicly condemn attacks on journalists

The Socio-Economic Rights and Accountability Project (SERAP) has urged President Muhammadu Buhari to publicly condemn all attacks on journalists and media organizations.
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: Multilateral response critical to overcome coronavirus in India, globally

The International Monetary Fund (IMF) has stated that a multilateral response is critical to overcome the COVID-19 pandemic in India and globally.
The House of Representatives, Tuesday, intervened in the conflict between telecommunication companies and banks over N42billion debts from Unstructured Supplementary Service Data(USSD).

House summons finance minister, FIRS, others over loss of revenue to illicit financial flows

The House of Representatives has summoned the Minister of Finance, the Heads of the Federal Inland Revenue Service (FIRS), the Economic and Financial Crimes Commission (EFCC), the Central Bank of Nigeria (CBN) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC), the Nigerian Financial Intelligence Unit (NFIU), the Nigerian Export-Import Bank (NEXIM), and the Nigerian National Petroleum Corporation (NNPC) over the continuous loss of government revenue to illicit financial flows (IFFs).
Isabel Dos Santos, daughter of Angola’s former President and Africa's richest woman, sits for a portrait during a Reuters interview in London, Britain, January 9, 2020. REUTERS-Toby Melville

Angola made her Africa’s richest woman, but the tide has turned

A year after Angolan authorities cracked down on her multibillion-dollar business empire, Africa’s once-richest woman is watching it crumble.

Group: Nigeria should re-evaluate Chinese loans

Transforming Uplifting and Reforming Nigeria (TURN) which is committed to the socio-economic well-being of Nigeria has expressed its concern about the indebtedness of the Federal Republic of Nigeria to the People’s Republic of China. The organization is worried also about what it called “the reported enslaving terms of conditions which Nigeria agreed to in order to secure the loans.”
Lesotho Prime Minister Moeketsi Majoro.

Lesotho premier faces ouster after ruling party break-up

After barely a year in office, the Lesotho prime minister's future hung in the balance on Wednesday after an overnight split of his ruling party risked upsetting the parliamentary majority he needs to stay in power.
All Progressives Congress (APC) Nigeria

APC charges Nigerians to allow CBN perform its mandate

The All Progressives Congress (APC) Caretaker/Extraordinary Convention Planning Committee, has charged Nigerians and critics to allow the Central Bank of Nigeria (CBN) to effectively and effectively perform its statury mandate.
Security forces in the Republic of Congo were casting their ballots on Wednesday ahead of presidential elections in which veteran leader Denis Sassou Nguesso is frontrunner.

Congo Republic’s president promises to improve business climate as he starts new term

Congo Republic's President Denis Sassou Nguesso pledged to reform and simplify business and tax laws to help boost economic growth as he was sworn in on Friday, prolonging his 38-year reign over the central African oil producer.

IMF: Sub-Saharan Africa needs $245 billion external funding in five years

The International Monetary Fund (IMF) says sub-Saharan Africa’s low-income countries face additional external funding needs of about $245 billion over the next five years or 425 billion dollars for the whole region.
The Minister of Health, Dr. Osagie Ehanire, disclosed this at the PTF briefing on Tuesday in Abuja.

Experts task Nigerian government on utilisation of N126 billion coronavirus budget

Experts have called on the Federal Ministry of Health (FMOH) to utilise the N126 billion allocated for coronavirus (COVID-19) in the health budget judiciously, to build a resilient health system in the country.
Ecuadorean banker Guillermo Lasso and his wife Maria de Lourdes Alcivar react after Lasso wins the presidential runoff vote, in Guayaquil, Ecuador April 11, 2021. REUTERS/Maria Fernanda Landin

Ecuador shuns socialism with Lasso’s surprise election

Ecuadorean banker Guillermo Lasso unexpectedly won the nation’s presidency on promises to revive an economy battered by coronavirus as his rival’s vows of a return to socialist largesse failed to win over a skeptical electorate.

IMF urges governments to prioritize health care spending

The International Monetary Fund (IMF) has said while the pandemic continues, governments’ policies should first focus on escaping the crisis, prioritizing health care spending, providing well-targeted fiscal support, and maintaining accommodative monetary policy while monitoring financial stability risks.
Buhari Media Organisation (BMO)

World Bank: Nigeria to surpass 2.5% growth projection – BMO

The Buhari Media Organisation (BMO) has tackled the International Monetary Fund (IMF) over its 2.5% economic growth projection for Nigeria, accusing the Fund of not carrying out a proper assessment of the nation’s economy.
A letter signed by the Secretary General of the Presidency, Ferdinand Ngoh Ngoh, said ordered the justice minister to investigate the management of funds allocated to the fight against a pandemic that has so far killed more than 850 Cameroonians.

Cameroon to probe ’embezzlement’ of coronavirus funds

Campaign group Human Rights Watch raised concern last month about what it called the “scant transparency” in the management of funds, although transparency was a pre-condition for getting loans from the International Monetary Fund (IMF) to tackle the pandemic.
FILE PHOTO - Pope Francis listens to Philippine Cardinal Luis Antonio Tagle (not pictured) during a mass to mark 500 years of Christianity in the Philippines, in St. Peter's Basilica at the Vatican, March 14, 2021. Tiziana Fabi-Pool via REUTERS

Pope urges IMF, World Bank to cut poor nations’ debts

Pope Francis yesterday urged the International Monetary Fund (IMF) and the World Bank to cut the debt burden of poor countries hit by the economic impact of the COVID-19 pandemic and give their governments a greater say in global-decision-making.

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Governor of Rivers State, Nyesom Ezenwo Wike (fifth from the left) and his colleagues during Peoples Democratic Party (PDP) Governors’ Forum meeting in Ibadan Oyo State on Monday.

APC: PDP governors’ meeting ‘mere jamboree’

The ruling All Progressives Congress, APC, has described Monday’s meeting of governors of the opposition Peoples Democratic Party PDP as a jamboree and a complete waste of time, accusing the state executives of engaging in name calling and abuses.
Governor of Rivers State, Nyesom Ezenwo Wike (fifth from the left) and his colleagues during Peoples Democratic Party (PDP) Governors’ Forum meeting in Ibadan Oyo State on Monday.

PDP governors asks President Buhari to summon Police Council meeting

The Peoples Democratic Party (PDP) Governors’ Forum has unanimously has asked President Muhammadu Buhari to immediately summon the meeting of the Nigerian Police Council...
Activities in Kaduna State have been paralysed as the five-day warning strike directed by the Nigeria Labour Congress (NLC) over irregular sacking of civil servants began on Monday.

Kaduna strike: Nigerian governors appeal to NLC to exercise restraint

Governors under the aegis of the Nigeria Governors’ Forum (NGF) have appealed to the Nigeria Labour Congress (NLC) to exercise calm and restraint in its engagement with the Kaduna State government.
Tottenham manager Jose Mourinho believes his star man Harry Kane is surrounded by the ideal pieces.

Harry Kane tells Tottenham he wants to leave this summer

The 27-year-old has grown frustrated over the club's inability to compete at the highest level, having seen his side fall out of contention to secure Champions League football for next season.
Napoli boss Gennaro Gattuso has revealed his struggles with an auto-immune disease, while claiming that when I eventually die, I want to go where I lived, on a football pitch..

Juventus considering Gennaro Gattuso as Andrea Pirlo’s replacement

Juventus are studying the future and are reportedly considering Napoli coach Gennaro Gattuso as a possible alternative to replace Andrea Pirlo.

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Anambra election: PDP sets up screening appeal panel

The Peoples Democratic Party has approved the nomination of its members to serve on the screening appeal panel for the 2021 Anambra gubernatorial primaries.
FILE PHOTO: A ranger walks behind a pair of black rhinoceros at the Imire Rhino and Wildlife Conservation Park near Marondera, east of the capital Harare, September 22, 2014. The population of the species has dwindled due to poaching activities. REUTERS/Philimon Bulawayo/File Photo

Zimbabwe re-introduces rhinos in Gonarezhou park after three decades

Zimbabwe is re-introducing rhinos to its second biggest wildlife park Gonarezhou in the south of the country, the first time that the sanctuary will be home to the species in 30 years, the parks authority said on Thursday.

SON to unveil energy standards for meters, solar power components

The Standards Organisation of Nigeria (SON) has announced plans to unveil new energy standards aimed at increasing the share of renewable energy in the global energy mix.
Governor Okezie Ikpeazu of Abia State has approved the deployment of modern technology in the security system to fight crimes in the State.

Governor Ikpeazu: Abia, other states working to tackle insecurity in South-East

The governor of Abia, Okezie Ikpeazu, has assured that the state is working closely with sister states in South East to address the issue of insecurity in the region.
President Muhammadu Buhari Friday hosted Chad’s military ruler, Mahamat Deby, in Abuja. At the event, the Nigerian leader did not condemn the coup that brought Mr Deby to power but said Nigeria will assist Chad to stabilize and return to constitutional order.

President Buhari hosts Chadian interim leader, assures him of support

President Muhammadu Buhari has assured the Republic of Chad of Nigeria’s readiness to help that country stabilise and return to democratic rule within 18 months as promised by its Transitional Military Council President, Lt General Mahamat Deby last month.