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Ngozi Okonjo-Iweala

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.
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.

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.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

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.
The logo of the International Monetary Fund (IMF) is seen during a news conference in Santiago, Chile, July 23, 2019. REUTERS-Rodrigo Garrido-File Photo

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's Finance Minister Ibrahim Elbadawi speaks during an interview with Reuters in Khartoum, Sudan November 7, 2019. REUTERS-Mohamed Nureldin Abdallah

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.
A soldier strikes an anti-government protester in Tripoli, where demonstrations over the Lebanese economy turned violent on Saturday. Fathi Al-Masri-AFP-Getty Images

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.
Tourists look at birds at the Queen Elizabeth National Park, western Uganda, file. REUTERS-Hereward Holland

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.
Israel Pasipanodya Mushore, 60, poses for a portrait besides his show piece herd of 70 cattle , in Nyabira, near Harare, on March 13, 2020. – He was allocated the farmhouse and a plot on Rasper farm in Nyabira during Zimbabwe’s land reform programme. (Photo by Jekesai NJIKIZANA / AFP)

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 Muhammadu Buhari shortly after his nationwide broadcast, signed Proclamation Order on the General Management of Covid-19 in Lagos, Ogun, Kano, the Federal Capital Territory and other States in Nigeria.

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 Patrick Njoroge arrives for a news conference at the Central Bank of Kenya (CBK) headquarters in Nairobi, Kenya July 25, 2019. REUTERS-Stringer

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.
President Muhammadu Buhari on Monday signed into law the Finance Bill 2019 (now Finance Act), which among other objectives, seeks to increase government revenue while supporting struggling small businesses in Africa’s largest economy.

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 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.

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.
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.

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.
Femi Adesina, spokesman of President Muhammadu Buhari

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 could win La Liga on Monday after a routine 2-0 win over Alaves on Friday put them within touching distance of the title.

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.
The United States of America ambassador to Nigeria, Mary Beth Leonard, has said the recent visa ban to Nigerians will be reviewed, if certain conditions are met.

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.
The Vice-President’s daughter, Kiki Osinbajo, has denied owning a property worth N800m in highbrow Wuse 2 area of Abuja.

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.”
The Benue State House of Assembly has been shut indefinitely to allow members and staff to undergo COVID-19 screening and treatment.

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.