World Bank approves $1 billion funding for Kenya budget support
NAIROBI (9News Nigeria) – The World Bank has approved a $1 billion loan for Kenya to help it close a gaping budget deficit and tackle Read more
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African Economy
Zimbabwe pleads with IMF, foreign lenders to prevent coronavirus “catastrophe”
HARARE (9News Nigeria) – Zimbabwe is headed for a health and economic catastrophe from the coronavirus pandemic because its debt arrears mean it cannot access Read more
Africa could lose 20 million jobs due to coronavirus pandemic – AU study
JOHANNESBURG/ADDIS ABABA (9News Nigeria) – About 20 million jobs are at risk in Africa as the continent’s economies are projected to shrink this year due Read more
BREAKING:South Africa enters recession, again Nigeria emerges Africa’s biggest economy
Nigeria has overtaken South Africa as the biggest economy in Africa as the latter enters its second recession in two years. South Africa’s Gross Domestic Read more
W’Africa Single Currency: A Journey to Nowhere?
Obinna Chima wonders if West African countries can ever meet the target of adopting a single currency in the region, especially with January 2020 no Read more
The IMF signals urgent alarm over South Africa’s economy
KEY POINTS A report issued by the IMF on Monday following a recent research mission predicted that on current policies, the medium-term growth outlook would Read more
Border closure: ECOWAS countries reject Nigerian goods
Notwithstanding the revenue increase the Nigerian Customs Service, NCS, said it has achieved with the on-going partial border closure, exporters are counting their losses as Read more
The winner takes it all, and Africa the loser, left poor: Russia has joined the ‘scramble’ for Africa
Russia seeks ‘low-cost, high-profile’ opportunities on the African continent to burnish its prestige. It used to be that the only time one would see African Read more
California Governor Appoints A Nigerian As Oil And Gas Supervisor (Photo)
Governor of California , Gavin Newsom , has appointed a Nigerian , Uduak- Joe Ntuk , as the State Oil and Gas Supervisor , responsible Read more
How Russia Helped Nigeria To Defeat Biafra During Civil War – President Buhari
Nigeria’s President, Muhammadu Buhari has revealed how Russia helped Nigeria defeat the Biafra warlords during the nation’s civil war between 1967 and 1970. President Buhari Read more
