archiveMarch 28, 2020

A truck loaded with dynamite exploded on the Akure-Owo highway on Saturday, destroying a school, church and some houses. The News Agency of Nigeria (NAN), however, reports that no life was lost in the incident which occurred at about 1:00am. NAN also reports that the severity of the blast had...

The International Monetary Fund (IMF) says the current economic growth in Nigeria is too slow to address the scale of poverty in the country. Kristalina Georgieva, the Managing Director of the International Monetary Fund, said this at the World Bank/IMF annual meetings holding in Washington DC, United States. The IMF...

Enugu, March 28, 2020 (NAN) The Enugu State Government has confirmed two positive cases of coronavirus (COVID-19) in the state. Dr Ifeanyi Agujiobi, Permanent Secretary, Ministry of Health, confirmed the development in a statement made available to the News Agency of Nigeria (NAN) in Enugu on Saturday. “It is important...

  President Donald Trump on Friday signed the $2.2 trillion (N827 trillion) financial stimulus package to cushion the economic impact of the coronavirus pandemic in the United States. This came hours after the country’s House of Representatives approved the bipartisan bill, which the Senate passed on Wednesday. The News Agency...

The International Monetary Fund (IMF) has said that the global economy has entered recession over the ravaging impact of the COVID-19 on different countries. The Managing Director, IMF, Kristalina Georgieva, said this while making an opening remark during a conference call of the International Monetary Fund and Financial Committee. She...

  The Federal Government has started renegotiating the repayment terms for the countries debts with its lenders. The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, disclosed this on Friday on a television programme, monitored in Lagos. The minister said part of the debt renegotiation discussions with Nigeria’s...