Global stocks waver as coronavirus fears trump recovery hopes
Global stock markets wavered on Monday as soaring COVID-19 cases offset investor hopes of a quick economic recovery, even after data showing that the Chinese...
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France, World Bank, AfDB pledge $25.5 billion against desertification in Africa
The war against desertification in Africa has gotten a boost with funding coming from multinational donor agencies and the government of France. The financiers committed...
World Bank predicts 4% global economic growth, 1.1% for Nigeria in 2021
ABS-CBN The World Bank says global economy is expected to grow by 4 per cent in 2021, assuming an initial COVID-19 vaccine rollout becomes widespread...
World Bank predicts extreme poverty and depressed economies in Africa
The World Bank has called for rapid COVID-19 action, including a faster vaccination process, to limit the damage to global growth in 2021. In its...
OPEC+ meeting to decide oil production levels after a dismal 2020
Members of the OPEC group of oil producers and their partners will meet via videoconference on Monday to decide on production levels for February, hoping...
Lagos chamber hints of rising inflationary rate in 2021
Lagos Chamber of Commerce & Industry The Lagos Chamber of Commerce and Industry (LCCI) says inflation rate will rise in 2021. The chamber made the...
Nigeria’s forex inflow hits $21 billion in Q3
The total amount of foreign exchange inflow into the economy in the third quarter of 2020 stood at $21.46 billion, according to data from the...
Three Zamfara traders killed in kidnappers’ den
Three Zamfara traders, who were abducted on their way to Kano about three weeks ago, have reportedly died in kidnappers’ den. They were among 13...
DR Congo approves ‘MANACOVID’ as anti-covid drug
The Luozi pharmaceutical research centre (CRPL), on Tuesday approved the “MANACOVID” drug to treat the coronavirus (COVID-19) in DR Congo. A statement issued in Kinshasa...
Eswatini premier dies of coronavirus
The government of Eswatini says Prime Minister Ambrose Dlamini has died, four weeks after he tested positive for coronavirus. A government statement said Dlamini, 52,...