COVID-19: African finance ministers call for additional $500bn
African finance ministers have called for 500 billion U.S. dollars in Special Drawing Right (SDR) and an extension in the Debt Service Suspension Initiative (DSSI) to respond to the COVID-19…
FG RELEASES N6.45B FOR NEW OXYGEN PLANTS IN 38 LOCATIONS NATIONWIDE TO FACILITATE COVID-19 TREATMENT
President Muhammadu Buhari has approved N6.45 billion for the setting up of gas plants in 38 locations nationwide in a bid to enhance the treatment of Covid-19 patients who need…
COVID-19 would plunge about 27m Africans into extreme poverty – UNECA report
The UN Economic Commission for Africa (UNECA) in a new report on the Coronavirus pandemic says the economic effect of the coronavirus would push close to 27 million people…
COVID-19: Africa may lose half of its GDP with growth falling to about 2% – ECA warns
The Economic Commission for Africa (ECA) has raised an alarm that Africa may lose half of its GDP with growth falling from 3.2 per cent to about 2 per cent due…
COVID-19: Africa would need $ 10.6 bn in unanticipated increases in health spending to curtail virus —ECA
The Economic Commission for Africa (ECA) says Africa would need up to US$ 10.6 billion in unanticipated increases in health spending to curtail the spread of coronavirus while on the…
MPC urges FG to build cushions to help reduce rising public debt
The Federal Government has been asked to caution the rate at which all the proceeds from the Federal allocation are being shared across all tiers of government. This is according…
National economic council approves additional $250m investment for NSIA
Having received a presentation of the Nigeria Sovereign Investment Authority (NSIA) business update, and outlook, the National Economic Council on Thursday resolved to invest an additional $250 million into…
$1bn security fund: Presidency explains spending dismisses as “unverified allegation” PDP’s claims
The Presidency has dismissed the People’s Democratic Party’s (PDP) allegation that the one billion dollars drawn from the Excess Crude Account (ECA) was spent by the Muhammadu Buhari administration on…
Nigerian Students, Others Contribute $42.4bn To U.S. Economy in One Session – official
African Students in U.S The U. S. Department of State Bureau of Educational and Cultural Affairs (ECA) says Nigerians and other international students contributed 42.4 billion dollars to the U….
There’s The Urgent Need to Strengthen Infrastructure, Fibre Network Across Africa- Omobola Johnson
Former Nigerian Minister for Communications Technology, Omobola Johnson “There is enough evidence that Africa can be digitally transformed. But what is holding us back? This is according to Former Nigerian…