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The International Monetary Fund has approved the sum of $3.4 billion to support Nigeria’s COVID-19 fight.
The leader of the Indigenous People of Biafra, IPOB, Mazi Nnamdi Kanu, yesterday, kicked against further lending by foreign lenders to the Nigerian government, saying it breaches the organic law of Nigeria.
South Africa is seeking 95 billion rand ($4.99 billion) from multilateral lenders to help it fight the COVID-19 pandemic, a senior Treasury official said on Sunday.
President of the Nigeria Labour Congress (NLC), Comrade Ayuba Wabba, has joined the clamour for debt relief for Nigeria from multilateral institutions, noting that this becomes inevitable under the current circumstances imposed on global economies, specifically, the novel coronavirus pandemic.
Nigeria’s central bank has collected 1.4 trillion naira ($3.9 billion) from banks with excess cash holdings as part of measures to support the currency, banking sources told Reuters.
Nigeria’s former finance minister, Dr Ngozi Okonjo-Iweala was named by the World Health Organisation (WHO) as its Special Envoy for the newly inaugurated Access to COVID-19 Tools (ACT) Accelerator.
Nigeria, which is reeling from the twin hits of the oil price collapse and the new coronavirus pandemic, requested the emergency funding under the Fund’s Rapid Financing Instrument.
Vice President Yemi Osinbajo on Thursday at the Presidential Villa, Abuja, presided over the meeting of the Economic Sustainability Committee (ESC) set up to address the economic fallout of the COVID-19 pandemic.
The coronavirus pandemic will cause Democratic Republic of Congo’s economy to contract 2.2% this year, the International Monetary Fund said on Thursday, as its executive board approved $363 million in financing for the country.
The International Monetary Fund (IMF) on Wednesday announced emergency aid of $363 million to fight the new coronavirus in the Democratic Republic of Congo, an African nation that had also been battling Ebola and militia attacks.
Nigeria and other African countries need an estimated $114 billion this year in their fight against COVID-19, the International Monetary Fund (IMF) has said.
The International Monetary Fund has asked Governors of Central Banks under its watch to keep receipts of all spending pertaining to COVID-19 bailouts and support funds from other stakeholders.
South Africa’s rand fell early on Thursday, as concerns of a deep economic downturn due to the COVID-19 pandemic rattled already shaky risk appetite.
The Federal Government has clarified that Nigeria will not benefit from the recent International Monetary Fund (IMF) debt relief for 25 countries.
The International Monetary Fund is looking to triple its concessional financing for the poorest countries to over $18 billion to help them respond to the novel coronavirus pandemic, Managing Director Kristalina Georgieva said on Wednesday.
Africa is expected to reverse an economic contraction linked to fallout from the COVID-19 pandemic next year, according to the International Monetary Fund, but the impact will be felt for years to come.
Zimbabwe's influential Catholic bishops on Friday deplored an "unprecedented" government crackdown on dissent against a backdrop of economic ruin and allegations of rampant rights abuses.
The Ambassador of the Republic of Lebanon to Nigeria, Houssam Diab, has disclosed that majority of Nigerian girls in Lebanon were not trafficked into the country.
The Edo State Governor, Mr. Godwin Obaseki, has approved all outstanding promotions in the state public service.
A Yaba Chief Magistrates’ Court, Lagos, on Friday remanded two men in a Custodial Centre in Lagos, over alleged serial robberies, rape of one of their victims and receipt of stolen goods.
There is a fire outbreak in the yard of Lagos State Transport Management Agency located at Osodi, Lagos.
The Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development, on Tuesday, announced that the registration of Batch C of its N-Power programme has closed.
The Chairman of the Nigerians in Diaspora Commission, NIDCOM, Abike Dabiri-Erewa, on Wednesday, decried the incessant violence and abuse against innocent girls, women in the country.
President of the United Nations General Assembly, Amb. Tijani Muhammad-Bande, has urged the international community to stand by the people of Lebanon following the August 4 deadly explosions in Beirut.
The Attorney General of the Federation, Abubakar Malami, in a memo sent to Nigeria’s Inspector General of Police, Mohammed Adamu, has called for police protection for 17 members of the Edo State House of Assembly.
Juventus have relieved Maurizio Sarri of his position at the club following their Champions League exit at the hands of Lyon, Goal reports, with official confirmation expected to be released by the Bianconeri on Saturday.