International Monetary Fund
Ngozi Okonjo-Iweala, five others jostle for WTO job
Six candidates are vying to become the next head of the World Trade Organisation, an institution which faced mammoth challenges even before the pandemic-driven global economic crisis struck.
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.
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.
Fresh protests in Lebanon over spiralling economic crisis
Hundreds of demonstrators angered by a deepening economic crisis rallied Saturday across Lebanon for a third consecutive day, after violent overnight riots sparked condemnation from the political elite.
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.
Kenya central bank governor says small businesses need urgent help
Kenya’s small and medium businesses need urgent help to survive the economic slowdown caused by the novel coronavirus, and many are at risk of shutting down by the end of June, the head of the central bank said on Thursday.
Nigeria’s economy grow by nearly 2 percent in Q1 despite lockdown
Nigeria’s Gross Domestic Product (GDP) grew by 1.87% on a year-on-year basis in the first quarter of 2020 despite many economic contractions around the world, a new by National Bureau of Statistics report has shown.
Tunisia’s GDP shrank 1.7 percent in the first quarter of 2020
Tunisia’s GDP shrank by 1.7% year-on year in the first quarter of 2020, the State Statistics Institute said on Friday, as the vital tourism sector has been hit hard by the coronavirus crisis.
BDCs warn members against speculation, dollar exchanges N461 to the dollar
The Association of Bureaux De Change Operators of Nigeria has warned its members and forex speculators putting pressure on the naira to stop the practice or risk losing their money.
Fitch: 417,000bpd oil cut’ll deepen Nigeria’s recession
A global credit ratings agency, Fitch Ratings, has said Nigeria’s compliance with the oil production cut deal led by the Organisation of Petroleum Exporting Countries will lead to deeper economic contraction and fiscal deficits.
Demand for Singapore’s pharmaceuticals surges amid pandemic
A huge jump in sales of pharmaceuticals saw Singapore’s exports expand by 9.7 per cent year on year in April amid the coronavirus pandemic, though overall trade declined.
Presidency: Nothing wrong with taking more loans
There is nothing wrong in taking more loans to finance specific projects, the Presidency said on Sunday.
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Real Madrid in sight of title after beating Alaves
Real Madrid could win La Liga on Monday after a routine 2-0 win over Alaves on Friday put them within touching distance of the title.
US envoy inaugurates emergency health operation facility in Bayelsa
The US Ambassador to Nigeria, Mary Beth Leonard, has inaugurated a state-of-the-art public health Emergency Operation Centre (EOC) in Yenagoa, Bayelsa State.
VP Osinbajo’s daughter denies owning N800 million property
“It may be difficult for people like him to understand that a young woman can work hard and succeed on her own steam. Anyone can verify the ownership of the property of Glamd Africa at AGIS in Abuja. I am a tenant in the property. My landlord’s name is Musa Adams.”
Benue Assembly suspends plenary for members to undergo coronavirus tests
The Benue House of Assembly has suspended its plenary sessions to allow lawmakers and members of staff to subject themselves to COVID-19 screening.
Benue university pro-chancellor, other staffers test positive for coronavirus
The Pro-Chancellor and Chairman of Council, Benue State University, Makurdi, Prof. Zacharys Gundu has tested positive for COVID-19.
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Louvre museum reopens after 16-week coronavirus shutdown
The vast former palace of France’s kings has lost more than 40 million euros ($45 million) in ticket sales during the near-four-month lockdown, and director Jean-Luc Martinez admitted it could have a few more lean years ahead as the world adapts to the virus.
At least three European giants interested in signing Arsenal ace
Alexandre Lacazette’s future at Arsenal remains unclear, with the Frenchman possibly set to leave the club in the summer.
Ibrahim Magu became a law unto himself – ex-DSS director
A former Assistant Director with the Department of State Services, Dennis Amachree, says the acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, became a law unto himself and refused to submit to constituted authority.
Kogi guber: PDP heads for Supreme Court
The Peoples Democratic Party (PDP) has described the Appeal Court judgement on the Kogi governorship election delivered on Saturday as a travesty of justice.
Top Egyptian actress dies of coronavirus
Famed Egyptian actor Ragaa al-Geddawy died on Sunday after contracting the COVID-19 disease, the actors union said. She was 81.