Meet Aliko Dangote’s Daughter Who Is Also Making Waves Just Like Him

Aliko Dangote is currently the richest man in Africa. He is a Nigerian businessman and philanthropist. Alhaji Aliko Dangote is the chairman and the founder of ‘Dangote Group’ which is an industrial conglomerate in Africa. Aliko Dangote was born on April 10, 1957 into the family of Mohammed Dangote and Hajia Mariya Sanusi Dantata in […]

President Buhari Raises Request For Fresh #850billion Loan, Seeks Senate Approval

President Muhammadu Buhari has asked the Senate to approve his request to raise a fresh loan of N850 billion to fund some projects in the 2020 budget. He made the request in a letter read by the Senate President, Ahmad Lawan, on Tuesday on the floor of the upper chamber of the National Assembly in […]

EYC Distributes Palliatives To The Poorest Of The Poor, Aged And Widows As It Receives Support From IIMSAM And International Organisation For Humanitarian Relief

AFRICA NEEDS AFRICANS NOW MORE THAN EVER; EYC DISTRIBUTES PALLIATIVES TO THE POOREST OF THE POOR, AGED AND WIDOWS AS IT RECEIVES SUPPORT FROM IIMSAM AND INTERNATIONAL ORGANISATION FOR HUMANITARIAN RELIEF EYC PRESS STATEMENT Protocols, The current global pandemic now endemic in Africa, COVID-19, calls for serious concerns and support for the needy. Especially at […]

COVID-19 Lockdown: US Oil Prices Plummet To Lowest Points In 22 Years

US oil prices plummeted to their lowest points in 22 years on Monday as crude storage facilities filled up swiftly in the face of falling demand triggered by the coronavirus pandemic. The May contract of US West Texas Intermediate (WTI) futures dropped 42% to $10.52 a barrel. The May contract expires on Tuesday, making it vulnerable to […]

COVID-19 Lockdown: “Suspend ATM, Mobile Transfer And Electricity Charges”- PDP To CBN

The Peoples Democratic Party (PDP) has called for the suspension of charges for use of ATM cards and low amount mobile fund transfers during the COVID-19 lockdown. PDP made the call in a statement by its National Publicity Secretary, Mr Kola Ologbondiyan, on Sunday in Abuja. It stated that the suspension of such charges should […]

COVID-19: China’s Economy Shrinks For The First Time After Over 2 Decades

China’s economy shrank for the first time in decades in the first quarter of the year, as the virus forced factories and businesses to close. The world’s second biggest economy contracted 6.8% according to official data released on Friday. The financial toll the coronavirus is having on the Chinese economy will be a huge concern […]

“Nigeria’s Economy To Experience Worst Recession In 30 Years”- IMF

The International Monetary Fund (IMF) has projected that Nigeria’s economy will recede by 3% in 2020. This would be the worst recession in 30 years after the 2015 recession. This is contained in the April 2020 World Economic Outlook report released on Tuesday in Washington. Gita Gopinath, IMF chief economist and director of the research department, […]

COVID-19: EU Grants €50million To Nigeria To Fight Pandemic

The European Union has given Nigeria a grant of €50 million to fight COVID-19, President Muhammadu Buhari’s spokesman Femi Adesina said on Tuesday. The grant was announced by the Head of EU delegation in Nigeria, Ambassador Ketil Karlsen, at a meeting with President Buhari in Abuja. The Special Adviser to the President on Media and […]

COVID-19: IMF Excludes Nigeria From The List Of 25 Countries Granted Debt Relief

The International Monetary Fund has granted debt relief to 25 countries, mostly African nations excluding Nigeria. A statement by the Managing Director of the IMF, Kristalina Georgieva, said it would provide $500m in grant-based debt service relief to these countries. “Today, I am pleased to say that our executive board approved immediate debt service relief […]

AfDB Group Provides $10billion For COVID-19 Response Facility

All hail the big bank:  African Development Bank plots $10 billion fund to governments and the private sector on Covid-19. Of this, $1.35 billion will be devoted to private sector operations. AfDB Press Release The African Development Bank Group  on Wednesday announced the creation of the COVID-19 Response Facility to assist regional member countries in […]