IMF explains conditions for Nigeria’s $3.4 billion loan

The $3.4 billion emergency funding for Nigeria on Tuesday by the International Monetary Fund (IMF) is a repayable loan approved to help the country cushion the impact of the coronavirus pandemic on her economy, the Bretton wood Group clarified on Wednesday. The IMF also mentioned the two conditions attached to the loan. Since April 6, […]

Nigeria: What Nigeria Told IMF to Secure $3.4 Billion Loan

Details emerged on Wednesday about the case the Nigerian government made to secure the approval of the Executive Board of the <a target=”_blank” href=”https://imf.org/”>International Monetary Fund</a> (IMF) to its request for a $3.4 billion emergency loan. The loan is to assist the country’s effort to contain the impact of the coronavirus pandemic on her economy. […]

Nigeria, others suspend $3.4tr continental deal amid pandemic

The implementation of the African Continental Free Trade Agreement (AfCFTA), suffered yet another blow, with the announcement of its suspension, as African countries struggle to deal with the impact of the coronavirus pandemic. With borders closed and supply chain disrupted globally, the trade deal expected to kick off in July was suspended to allow countries to […]

Nigeria Confirms 196 New Coronavirus Cases, Total Rises To 1,728

The Nigeria Centre for Disease Control (NCDC), on Wednesday, said the country has recorded 196 new cases of the novel coronavirus (COVID-19), bringing the total to 1,728. NCDC, through its verified Twitter account, said of the 196 new cases, 87-Lagos, 24-Kano, 18-Gombe, 17-Kaduna16-FCT, 10-Katsina, 8-Sokoto, 7-Edo, 6-Borno, 1-Yobe, 1-Ebonyi, 1-Adamawa.  The new confirmed cases are […]

Jonathan opens up as Buhari Govt searches for U.S. ‘bank accounts’

Former President of Nigeria, Goodluck Jonathan has declared that he has no account or property abroad. Jonathan made the clarification in a statement by his spokesman, Ikechukwu Eze. The reaction followed moves by the Buhari administration to subpoena bank records of Jonathan and his wife, Patience. “Our attention has been drawn to international media reports to the […]

Brandy Teases Her Comeback With “Baby Mama” Featuring Chance The Rapper

Multiple award-winning artiste Brandy is making her way back to music. The R&B icon, who hasn’t released an album since 2012 (justice for Two Eleven), is set to release a new single titled “Baby Mama” this Friday. The track features Chance The Rapper and is being heralded as the lead single from B7. Brandy shared a snippet of the song […]

PDP rejects Ayade’s list as crisis deepens over Cross River congresses

Edo State Chapter of the Peoples Democratic Party (PDP) has asked Governor Godwin Obaseki to explain the move by the state government seeking contractors to bid for renovation/construction of the Independent National Electoral Commission (INEC) office building in Benin City. According to the PDP, “the action of the state government and INEC is unfortunate, reprehensible, […]

Tokyo Olympics may not hold next year if there’s no COVID-19 vaccine

The medical community in Japan is moving toward a consensus that holding next year’s Tokyo Olympics may hinge on finding a coronavirus vaccine, reports Press Association. Japan Medical Association president Yoshitake Yokokura said in a video media conference yesterday that the Olympics were possible only if the infections were under control, not only in Japan, […]