IMF
IMF approves $171.9 million to Madagascar to address coronavirus pandemic
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.
IMF approves $7.6 million debt relief to Burundi
The International Monetary Fund said it had approved $7.6 million debt relief to Burundi to help address the economic impact of the COVID-19 pandemic.
Lebanon central bank sets up committee to restructure banks
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.
Ngozi Okonjo-Iweala: WTO under me ‘ll bring shared prosperity
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.
IMF, World Bank to hold fall meetings virtually due to coronavirus
The IMF and World Bank Group announced Thursday that their annual fall meetings will be mostly virtual due to the coronavirus pandemic.
MAN welcomes CBN’s unification of exchange rates
The Manufacturers Association of Nigeria (MAN) says the unification of the country’s exchange rate is a welcome development that will engender increased investment inflow in the real sector of the economy.
New SEC chief Lamido Yuguda assumes office
The Director General of the Securities and Exchange Commission, SEC, Lamido Yuguda, has stated that the capital market has a lot of potentials for growth and development of Nigeria post COVID-19 and beyond.
NECA: Central bank’s adjustment of Naira rate’ll cause inflation
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.
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.
IMF calls for cautious reopening of Africa
As African countries commence the re-opening of their economies, the International Monetary Fund (IMF) has counselled them to do so cautiously because the pandemic is still in its exponential phase.
IMF approves emergency funding for pandemic-hit Myanmar
“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.
Using coronavirus donations to give charity a bad name
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 to introduce direct cash payments to its neediest citizens
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.
Ugandan to lose $1.6 billion in tourism earnings as a result of coronavirus
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.
Two decades on, Zimbabwe takes stock of Robert Mugabe land reform legacy
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.
President Buhari urges speedy passage of revised 2020-2022 MTEF/FSP, budget
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.
Presidency: Nothing wrong with taking more loans
There is nothing wrong in taking more loans to finance specific projects, the Presidency said on Sunday.
Private creditors push back against blanket debt relief for Africa
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.
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Rep Elumelu: Opposition lawmakers leading anti-corruption investigations
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.
Zamfara schools to resume August 9
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).
NSE: Trading sustains positive trend, up by 0.31 per cent
Activities on the Nigerian Stock Exchange (NSE) extended a positive trend on Tuesday with key market indices appreciating further by 0.31 per cent.
NUC: 32 universities involved in research to tackle impacts of coronavirus
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.
WAEC releases 2020 WASSCE timetable
The West African Examinations Council (WAEC) has released the timetable for the 2020 West African Senior School Certificate Examination.
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General Gowon, CAN blame Nigeria’s woes on political leaders
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.
Chamberlain Oguchi named D’Tigers Player of The Decade
Former D’Tigers guard, Chamberlain Oguchi, has been named Nigeria’s best basketball player in the last decade, by continental governing body FIBA Africa.
Fresh bomb blast kills man, wife in Borno
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.
Senator Ekweremadu congratulates Victor Osimhen on Napoli move
Former Deputy Senate President of Nigeria, Ike Ekweremadu, has congratulated Super Eagles striker Victor Osimhen following his move to Napoli.
Edo guber: Comrade Oshiomhole can’t sell a bad product – Governor Wike
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.