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Egypt’s headline inflation rate falls in August

Egypt’s annual urban consumer price inflation rate decreased to 7.5 per cent in August from 8.7 per cent in July, the official statistics agency CAMPAS said on Tuesday.

IMF remove age barrier to position of managing director

The International Monetary Fund (IMF) has approved the removal of the age limit for the position of IMF managing director, paving the way for Kristalina Georgieva to head the multilateral lender.
Nigeria is set to establish a government-driven national donor coordination mechanism to ensure that external financing is maximised for the good of the country, Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, said on Wednesday. 2

Minister: World Bank to manage donor funds

Nigeria is set to establish a government-driven national donor coordination mechanism to ensure that external financing is maximised for the good of the country, Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, said on Wednesday.
Economist Abdalla Hamdok

PM: Sudan needs $10 billion in foreign aid to rebuild economy

Sudan needs $8 billion in foreign aid over the next two years to cover its import bill and help rebuild its ravaged economy after months of political turmoil, its new prime minister said on Saturday, according to Reuters report.
Iran's rial has sharply depreciated as a result of U.S. President Donald Trump's decision in 2018 to pull out of a landmark nuclear deal between Tehran and world powers and reimpose sanctions.

Iran moves to cut four zeroes from struggling currency

Iranian President Hassan Rohani has sent a bill to parliament that would cut four zeroes from the value of the country's battered currency, the rial.

Congo Republic discovers more oil

The recent onshore discovery made in the Delta de la Cuvette deposit in the Republic of Congo is a game-changer for Congo and Africa. The discovery was announced on August 10th by SARPD Oil and PEPA, a Congolese consortium working as operators on the Block.

Nigeria considers new 5% tax for online purchases

The Federal Inland Revenue Service (FIRS) may, from next year, ask banks to charge customers five per cent Value Added Tax for online purchases when using bank cards, its Chairman, Tunde Fowler, has said.

IMF executive board begins selection process for next managing director

The Executive Board of the International Monetary Fund (IMF) has adopted an open, merit-based, and transparent process for the selection of the next managing director, the organisation has said.

MTN appoints ex-minister, ex-revenue chief, ex-NBA president as board members

Telecommunications firm, MTN, has notified the Nigeria Stock Exchange of a substantial change in its board structure. Pioneer board chair, Pascal Dozie, is stepping down along with five other directors.

France to lead EU talks on new IMF chief

French Economy Minister, Bruno Le-Maire, will lead informal talks to produce a European candidate to head the International Monetary Fund (IMF), a European official at G7 talks near Paris said on Thursday.
Anti-Brexit activists hold placards and wave Union and EU flags as they demonstrate near the Houses of Parliament in central London on January 28, 2019. – Despite the humiliating rejection of Prime Minister Theresa May’s Brexit deal, Britain is no closer to knowing the end result of its vote to leave the European Union. A raft of amendments to be voted on by MPs on Tuesday threaten to further muddy the waters as the clock ticks down to Britain’s scheduled departure from the EU on March 29. (Photo by Tolga AKMEN / AFP)

Britain may be entering full-blown recession – watchdog

The Office for Budget Responsibility (OBR) said the world’s fifth-biggest economy appeared to have flat-lined or possibly contracted in the second quarter, some of which was probably “pay-back” after Brexit-related stock building in early 2019.

Former ECOWAS president passes on at 65

Alain Marcel de Souza, the former president of the ECOWAS Commission, died on Tuesday in Paris after suffering a heart attack, Beninese television reported on Wednesday.

Christine Lagarde resigns as IMF chief

The Managing Director of the International Monetary Fund (IMF), Christine Lagarde, announced in a statement on Tuesday that she had submitted her resignation from the IMF and it will go into effect in September.
Egyptian pound

Egypt annual inflation slows to 9.4 per cent

Egypt’s annual urban consumer price inflation eased to 9.4 per cent in June from 14.1 per cent in May, official statistics agency, CAPMAS, said on Wednesday.

Ghana named AfCFTA headquarters as AU targets $3.4 trillion economic bloc

African leaders last weekend named Ghana as the host of the future headquarters of the continental free trade zone which is expected to unite 1.3 billion people, and create a $3.4 trillion economic bloc that would usher in a new era of development.

Official: EU working to replace Christine Lagarde at IMF

The EU wants to have an agreed European candidate to replace Christine Lagarde at the helm of the International Monetary Fund (IMF), a senior EU official on Monday said.
President Buhari signs New National Minimum Wage Bill into Law in State House on 18th April 2019 2

AfCFTA: Free trade must be fair – President Buhari

With the signing of the African Continental Free Trade Area (AfCFTA) agreement by President Muhammadu Buhari at the opening of the African Union (AU) Summit yesterday in Miami, Niger, Nigeria has joined the AfCFTA.
José Mário Vaz

Guinea Bissau plunges into a power vacuum after president term ends

Guinea Bissau has been plunged into a power vacuum after the president's term ended on Sunday without a government in place despite the naming of Aristides Gomes as prime minister.

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President Muhammadu Buhari is back in the country after his private visit to the United Kingdom.

DMO: President Buhari’s government inherited whooping $63.8 billion debt not paltry $7 billion

The Debt Management Office (DMO) has revealed that the President Muhammadu Buhari-led administration inherited a debt of $63.81 billion when it came into power in 2015.

Tunde Fowler speaks on FIRS handover controversy

The immediate past Chairman of the Federal Inland Revenue Service (FIRS), Tunde Fowler, said he did nothing wrong in handing over the management of the tax revenue agency to the Coordinating Director, Domestic Taxes Group, Abiodun Aina.
Senate Minority Leader, Hon. Ndudi Elumelu from Delta State. on Monday in a motion canvassed for adherence and respect to the concept of separation of powers as enshrined in the laws of Nigeria.

Court invasion: National Assembly may be invaded someday by security agencies – Reps minority...

Senate Minority Leader, Hon. Ndudi Elumelu from Delta State. on Monday in a motion canvassed for adherence and respect to the concept of separation of powers as enshrined in the laws of Nigeria.
US President Donald Trump on Thursday brushed off North Korea’s test of a sea-launched ballistic missile, saying that planned nuclear talks with Pyongyang will go ahead.

Donald Trump pays $2 million in damages to charities after court ruling

Donald Trump on Tuesday paid $2 million in damages as part of a settlement overuse of his former charity to further his political and business interests — the latest item on the US president’s list of legal woes.
Wife of the President, Dr. Aisha Buhari, has claimed that two powerful personalities were frustrating President Muhammadu Buhari’s effort.-1

Aisha Buhari: Mamman Daura issued presidential directive without my husband’s knowledge

Nigerian First Lady Aisha Buhari has alleged that Mamman Daura, a nephew of President Muhammadu Buhari, had used a presidential media aide to try and destabilise the First Family.