Mauritius declares state of emergency on environment after oil spill
Mauritius’ Prime Minister Pravind Jugnauth declared a state of environmental emergency on Friday as the Indian ocean island battled to contain an oil spill. The...
Tag : Economy
Oil slips below $45 on-demand concerns, set for weekly rise
Oil dipped below $45 a barrel, on Friday, on worries that a demand recovery would slow due to a resurgence of coronavirus cases. Although a...
Dollar slips as yields dive on recovery worries
The dollar fell in Asia on Wednesday, hitting a five-month low on the yuan. This is as the latest coronavirus relief package stalled in Congress...
Former CBN director urges government to intensify efforts to strengthen nation’s economy
Dr Titus Okunrounmu, a former Director, Budgetary Department of the Central Bank of Nigeria (CBN) has called on the Federal Government to redouble efforts in...
China’s manufacturing sector shows strong recovery – survey
China’s manufacturing activity expanded in July at the fastest pace in almost a decade, according to a private survey released on Monday, though employment continued...
OECD: South Africa economy could contract 8.2% if second coronavirus wave hits
South Africa’s economy could contract 8.2% this year, and grow just 0.6% in 2021, if a second wave of COVID-19 cases hits the country and...
South Africa’s central bank plans more reverse bond repurchases
South Africa’s central bank will extend its tool kit to manage market liquidity by adding short-term, bilateral reverse repurchases of government bonds from commercial banks,...
Zimbabwe clears streets, shops close ahead of planned protests
Zimbabwe’s security forces on Thursday cleared people off streets of the capital Harare and forced shops to close, a day before planned anti-government protests during...
Kenya central banker says still has ‘plenty of firepower’
Kenya’s central bank governor said on Thursday that policymakers still have “plenty of firepower” to combat impact of the coronavirus crisis on the economy. Policymakers...
Reps: Capital market can rescue Nigeria’s economy from collapse
The House of Representatives disclosed that a capital market is a viable option that should be utilized to rescue the Nigerian economy from collapse, especially...