Sub-Saharan Africa’s gross domestic product is expected to contract 1.6% this year, compared 3.1% growth last year, as the coronavirus pandemic wrecks the region’s economies, the International Monetary Fund said on Tuesday . Various African governments have imposed lockdowns and curfews to curb
By MUSTAPHA SUMAILA The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), says it has received 80,000 applications on the N50 billion Targeted Credit Facility (TCF) released by the Central Bank of Nigeria (CBN). The Managing Director of NIRSAL, Mr Abubakar Kure,
The Central Bank of Nigeria says interested stakeholders must meet its set criteria to access its N50bn intervention loans for small and medium scale enterprises. The CBN introduced the N50bn Targeted Credit Facility as a stimulus package to support households and Micro, Small
A group of US security agencies is urging the Federal Communications Commission to revoke China Telecom’s permission to operate in the United States. “This recommendation reflects the substantial and unacceptable national security and law enforcement risks” associated with China Telecom’s access to the
By Jennie Pete Imo State Governor, Senator Hope Uzodinma has recently inaugurated a Taskforce Committee on the recovery of outstanding debts in all the markets in the state. This was contain in a press release made availabe to newsmen by the Public Relation
The global coronavirus pandemic is causing an economic crisis unlike any in the past century and will require a massive response to ensure recovery, IMF chief Kristalina Georgieva said Thursday. She warned that “global growth will turn sharply negative in 2020,” with 170
President Muhammadu Buhari has ordered distribution of 150 truckloads of rice seized by Nigeria Customs Service (NCS) to the 36 states of the federation. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, disclosed this while fielding questions from journalists at
Ndubuisi Orji, Abuja The House of Representatives has said it will consider a Stimulus Bill that will ensure that Nigerians get free electricity supply for two months to mitigate the effects of the COVID-19 pandemic. The speaker, Femi Gbajabiamila, stated this in a
In response to the economic downturn that is taking its toll in Nigeria just as the world is going into recession, the Federal Government will on Monday unveil the fiscal stimulus measures in response to the coronavirus pandemic and the drop in crude
In line with the need at the present perilous time of global scourge, Seplat Petroleum, an independent indigenous Nigerian upstream exploration and production company and Waltersmith Petroman Oil Limited have donated medical supplies to Imo State Government in support of its efforts in
BY EMMANUEL MGBEAHURIKE, Owerri The former deputy governor of Imo State, Prince Eze Madumere has
As the world steps into 2025, Mr. Okwuosa Charles Chinedu, CEO of Birotojob, has called
As the dawn of a new year brings renewed hope and aspirations to homes across
In continuation of her mobilization and sensation exercise before its workshop, the Imo State GIZ