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The Managing Director (MD) of the International Monetary Fund (IMF), Ms Kristalina Georgieva, has said that COVID-19 has created an economic crisis worse than what the world economy experienced under the global financial crisis in 2008.
Out of work, with prices soaring and police on the streets, life for many Rwandans has become immeasurably harder under coronavirus lockdown, and the pain looks only set to deepen.
The Minister of Power, Engr. Saleh Mamman, has explained that the suspension of take-off of the new electricity tariff hike till next three months was in line with President Muhammadu Buhari’s announcement of March 29 granting a moratorium for certain Federal Government’s funded facilities to the Nigerian public.
Vice President Yemi Osinbajo says part of the tasks given to the Economic Sustainability Committee which he chairs, is to develop further palliatives.
The World Bank and European Union (EU) have donated computer sets to critical Ministries, Departments and Agencies (MDAs) in Cross River.
South Africa’s National Treasury said on Sunday it was introducing a new tax subsidy of 500 rand ($28) per month for each worker to employers for the next four months to cushion financial losses suffered by firms due to the coronavirus.
South Africa may approach the International Monetary Fund and World Bank for funding to fight the coronavirus that threatens to drag the country’s economy deeper into recession, Finance Minister Tito Mboweni said in the Sunday Times newspaper.
The heads of the World Bank and International Monetary Fund on Friday underscored the need to provide debt relief to poorer countries hit by the coronavirus pandemic, and said official bilateral creditors would have to play a major role.
The World Bank’s executive board is expected to consider later this week the first fast-track funds to help Afghanistan and Ethiopia respond to the coronavirus pandemic, the Bank’s president said on Sunday.
Uganda will request the World Bank for a loan of $190 million to help cushion its economy from the impact of the coronavirus pandemic, its finance minister said.
The Economic and Financial Crimes Commission (EFCC) has arraigned the ex-Accountant General of the Bauchi State government, Yusuf Ibrahim Gokaru and the State Director of Finance, Ibrahim Muhammed Lele.
As parts of efforts to contain the effects of the coronavirus on the nation’s economy, the Nigerian government on Wednesday announced plans to halt recruitment exercises in the public service.
The World Bank said on Monday it had committed $60 million to Kenya to help the East African nation battle the coronavirus outbreak that has spread to at least 30 countries on the continent.
The Federal Government has told the Socio-Economic Rights and Accountability Project (SERAP) that it has no records of the exact amount of public funds stolen by a former military head of state, Sani Abacha and no records of the spending of about $5 billion recovered loot for the period between 1999 and 2015.
The Federal Government has told Socio-Economic Rights and Accountability Project (SERAP) that it “has no records of the exact amount of public funds stolen by a former military head of state, Sani Abacha, and no records of the spending of about $5 billion recovered loot for the period between 1999 and 2015.”
The Senate on Wednesday urged the Federal Government to as a matter of urgency, prioritize the allocation of resources for human capital development so as to mitigate against the impact of poverty in the country.
Governors on the platform of the All Progressives Congress under the aegis of Progressive Governors’ Forum (PGF) have congratulated their national chairman, Adams Oshiomhole, on the occasion of his 68th birthday.
The Oyo State COVID-19 Task Force said the state has recorded another positive case, bringing to nine the total of positive cases in the state.
Williams, who played a young Barry Allen in eight episodes of The CW series, suddenly passed away on Thursday (April 2), the cause of his death has not been reported.
Several vehicles and tricycles were on Saturday impounded by the Abia State Joint Taskforce on Enforcement of lockdown over COVID-19 pandemic.g
Pink, 40, revealed Friday night that she had caught and recovered from a case of the novel coronavirus COVID-19.
The Lagos State Government has released the list of hotspots with the highest numbers of confirmed COVID-19 cases in the state.
President Muhammadu Buhari has directed state governors to nominate doctors and nurses in their various domains for training on COVID-19.
Barcelona are set to let midfielder Ivan Rakitic leave the club for a fee of £17million this summer with Atletico Madrid leading the race for his signature, according to Marca.
President of the Nigeria Weightlifting Federation, Mohammed Yaya, has stated that the Federation is waiting for clarity and normalcy post-Covid-19 to set it to plan underway in order to get set for the Weightlifting Olympics qualification so as not to be caught napping when the Africa Weightlifting championship gets an official date.
Dr Olufemi Oke-Osanyintolu, the Director-General, Lagos State Emergency Management Agency (LASEMA), says the Nigerian National Petroleum Corporation (NNPC) pipeline along the axis at Mosan Bus Stop, Kakatin area, Ipaja, Lagos State, is leaking.