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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.

Central bank unveils non-interest guidelines for AGSMEIS, MSMEDF, others

The Central Bank of Nigeria (CBN) has unveiled series of guidelines for Non-Interest Financial Institutions under its Agri-Business, Small and Medium Enterprise Investment Scheme (AGSMEIS), Micro, Small and Medium Enterprises Development Fund (MSMEDF), the Accelerated Agricultural Development Scheme (AADS) and seven other intervention schemes in its bouquet.
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.

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.
Olufemi Gbajabiamila

AFCFTA: Speaker Gbajabiamila tasks Nigeria on industrialisation

Speaker of the House of Representatives Femi Gbajabiamila says Nigeria must increase its industrialisation and manufacturing activities through the free trade zones to survive the African Continental Free Trade Area (AfCFTA) regime.

South Africa’s manufacturing output falls 49.4% year on year in April

South Africa’s manufacturing output fell 49.4% year on year in April during a nationwide lockdown, after contracting by a revised 5.5% in March, the statistics agency said on Thursday.

Nigerian content intervention fund increased to $350 million

The Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB) has approved the expansion of the Nigerian Content Intervention (NCI) Fund from 200 million dollars to 350 million dollars.
Space exploration firm OneWeb has filed for Chapter 11 bankruptcy protection, GeekWire reports, leaving uncertainty about the 74 satellites it has in orbit and its plans to provide high-speed internet from space.

UK government takes $500 million stake in space exploration firm OneWeb

OneWeb, which has its headquarters in the UK, filed for Chapter 11 bankruptcy protection in the US in March, after it was unable to secure financing. Bharti Global also will invest $500 million as part of the deal.
President of the Senate, Senator Ahmad Lawan, presiding over plenary on Tuesday at the National Assembly, Abuja.5

Senate President tasks power sector C’ttee to look into privatisation deal of 2013

President of the Senate, Ahmad Lawan, on Monday charged the Senate Committee on Power to look at what has happened to the agreement signed in 2013 on the privatisation of power sector.
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.

CBN: Economy contracted in May

Economic activities in manufacturing, production, new others and other indices contracted in May after recording at least 36 months of consecutive growth.
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.

Central bank to offer grants in race for coronavirus vaccine

The Central Bank says it is developing a framework to offer grants and credit to researchers, science institutions and biotechnology firms to develop a vaccine against Covid-19.
The International Labour Organisation (ILO) on Tuesday said that it was working with the Federal Government and some States to eliminate child labour in the country by 2025.

ILO: Informal sector poverty to increase by 56 percent

International Labour Organisation, ILO, has said the COVID-19 lockdown and containment measures across the globe will increase poverty levels among the world’s informal economy workers by 56 percent in low-income countries.
Mine workers are seen under ground at the end of their shift at Cullinan mine, near Pretoria, South Africa, February 1, 2019. REUTERS-Siphiwe Sibeko-File Photo

Coronavirus lockdown pushes South African PMI to record low in April

South African private sector activity fell to a new record low in April, a business survey showed on Wednesday, as company closures due to a nationwide coronavirus lockdown led to a collapse in demand.
Mrs Toki Mabogunje, President LCCI said this at the Chamber’s second quarterly briefing on the state of the economy on Tuesday in Lagos.

Lagos chamber educates private sector on post coronavirus economy

The Lagos Chamber of Commerce and Industry (LCCI) has advised organised private sector to leverage creativity and innovation to rebuild a competitive economy post-COVID-19.
A pre-colonial era monument stands along Kenyatta Avenue in front the Standard Chartered Bank in Kenya's capital Nairobi, file. REUTERS-Noor Khamis-File Photo

StanChart Kenya restructures 6 percent of loan book due to coronavirus

Lenders in the East African nation have so far restructured 81.7 billion shillings in loans since the central bank allowed them to offer relief to distressed borrowers on March 18, the central bank said last week.

Rwanda to partially lift coronavirus lockdown

Rwanda will partially lift its virus lockdown from next week and allow people to move freely during the day more than six weeks after being confined, the prime minister's office said on Friday.
Kenya's acting Finance Minister Ukur Yatani speaks during a budget planning meeting in Nairobi, Kenya September 12, 2019. REUTERS-Njeri Mwangi

Kenya’s economic growth slowed to 5.4% in 2019 – minister

Kenya’s economy grew by 5.4% in 2019, down from 6.3% the previous year, partly because of a slowdown in the agricultural, manufacturing and construction sectors, finance minister Ukur Yatani said on Tuesday.
South African president Cyril Ramaphosa has declared a national state of disaster as he announced a range of extraordinary measures to contain the coronavirus outbreak that has infected 61 people so far.

South Africa to reopen agriculture sector, allow more manufacturing, retail

South Africa plans to reopen its agriculture sector and allow some manufacturing and retail to resume as the country balances the need to restart economic output and curb the spread of the new coronavirus, trade minister Ebrahim Patel said on Saturday.
The number of coronavirus cases in Qatar crossed 2,500 and Kuwait’s tally moved closer to 1,000 on Friday.

Coronavirus cases around the world hit 2.3 million

The number of COVID cases continues to rise. There are 2.3 million confirmed cases around the world, with more than 160,000 deaths, according to the Johns Hopkins Coronavirus Resource Center.
The International Labour Organisation (ILO) on Tuesday said that it was working with the Federal Government and some States to eliminate child labour in the country by 2025.

ILO: 195 million jobs at risk globally

The COVID-19 epidemic may wipe out about 195 million full-time jobs or 6.7 per cent of working hours globally in the second quarter of the year, a report by the International Labour Organisation (ILO) has said.

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China’s ByteDance has agreed to divest the U.S. operations of TikTok completely in a bid to save a deal with the White House, after President Donald Trump said on Friday he had decided to ban the popular short-video app.

Growing number of countries mull TikTok restriction over China links

US President Donald Trump looming TikTok ban may only be the beginning of the popular video app’s headaches, as a growing number of nations are becoming suspicious of its ties to China.
Shoppers leave the Shoprite store in Daveyton, South Africa May 23, 2018. REUTERS-Siphiwe Sibeko

NIPC: Shoprite move an opportunity for Nigerian investors

The announcement by Shoprite Holdings Limited, the South African supermarket chain operator, of a formal process to consider the potential sale of all or a majority stake in its Retail Supermarkets Nigeria Limited may be an opporunity for Nigerian investors, the Nigerian Investment Promotion Commission (NIPC) has said.
Zainab Ahmed, the minister of finance, budget and national planning, says state and local governments share some of the responsibility to fix roads in Nigeria.

House of Reps summons finance minister, predecessor over N1.7 trillion

The former Minister of Finance, Kemi Adeosun, and the incumbent Minister of Finance, Budget and National Planning, Zainab Ahmed, are expected to appear in person before the House of Representatives Committee on Public Accounts to give accounts on the sum of 1.7 trillion naira appropriated for the implementation of National Social Investment Programmes from 2016 to 2019.

Edo guber: INEC tenders apology to residents for not distributing voter cards

The Independent National Electoral Commission (INEC), in Edo State, has tendered apology to the residents of the state, especially those who turned 18 this year, for not being able to participate in the September 19 governorship election in the state.
Pope Francis speaking at the Vatican in February. Alessandra Tarantino-AP

Pope Francis names six women to Vatican economic council

Pope Francis has appointed six women to the Vatican's economic council, a first for the financial watchdog overseeing the administrative and financial structures of the Holy See.