This year’s Intra-African Trade Fair, initially scheduled to take place in Rwanda in September, has been postponed to next year due to the ongoing COVID-19 pandemic, organisers said in a statement on Wednesday. The event, co-organized by the African Export-Import Bank (Afreximbank), the African Union (AU) and the Rwandan government, will be postponed to Sept. 6-12, 2021, in Kigali to ensure the safety of the host country and the participants, said the statement released by...
The Executive Board of International Monetary Fund (IMF) has approved US$3.4 billion in emergency financial assistance to support Nigeria in addressing the economic impact of COVID-19 shock and the sharp fall in oil prices. In a statement issued on Tuesday, the Fund said that the support, under the Rapid Financing Instrument, would help limit the decline in international reserves and provide financing to the budget. “The Executive Board of the International Monetary Fund (IMF) approved...
The Central of Nigeria has lifted the suspension on cheque clearing it imposed about a month ago, a statement signed by Sam Okojere, a director at the bank services department, disclosed. “In furtherance of its effort in the development of a safe and efficient payment system in Nigeria, the Bank in collaboration with relevant stakeholders has reviewed the need for cheque clearing to accommodate users of cheque as one of the payment instruments in Nigeria,...
President Muhammadu Buhari has asked the Senate to approve his request to secure a fresh loan of N850 billion to fund some projects in the 2020 budget. He made the request in a letter read by the Senate President, Ahmad Lawan, on Tuesday on the floor of the upper chamber of the National Assembly in Abuja. According to the letter, President Buhari seeks to raise the loan from the domestic capital market to ensure adequate...
Before social distancing became a trend, we were all planning our social calendars for the Spring and Summer seasons. Over the past two months, major conferences, concerts, festivals, and weddings have been canceled or postponed. Attending the Offshore Technology Conference was the norm and personally, I have always anticipated attending the notable CERAWeek to hear the new trends in energy and discuss the future scope of oil and gas from top leaders in the industry....
Google on Monday proffered six best ways to enjoy video conferencing with friends and colleagues while on COVID-19-induced lockdown. In a statement made available to the News Agency of Nigeria (NAN), Mr. Taiwo Kola-Ogunlade, West Africa Communication Officer, Google, said that Nigerians have had a rapid transition to working from home. Kola-Ogunlade said this could be a daunting task if one was not familiar with tools like video conferencing. He said that Google had compiled...
Gov. Inuwa Yahaya of Gombe State has banned the operation of commercial motorcycles, popularly called Achaba, throughout the state as a measure to check the spread of COVID-19. Mr. Samaila Misilli, Senior Special Assistant to the Governor on Media and Publicity, announced this in a statement on Monday in Gombe. Misilli said: “Gombe State Governor, Inuwa Yahaya, has approved four additional measures to curtail the spread of Coronavirus in the state with effect from 6...
The Lagos University Teaching Hospital (LUTH), Idi-Araba, Lagos, says its medical team on Monday delivered a 40-year-old COVID-19 patient, of a baby girl. The LUTH management made this known in its verified official twitter handle, @LUTHofficial, on Monday. According to the tweet, the team comprises doctors, anesthetists, and nurses. It said: “A team of LUTH doctors, anesthetists and nurses delivered a woman with COVID-19 of a baby girl this afternoon. “The 40-year-old mother and 3.3kg...
Governors have advised President Muhammadu Buhari to relax the curfew was imposed on some states last month in an effort to restrict the virus from taking its toll on the citizens. They urged the president to relax the lockdown within these states and restrict inter-stead movement while the restriction on large gatherings and compulsory use of face masks in public places is enforced. The call comes just as the nation is expecting the president to...
Ventures Platform, a Pan – African early-stage fund has given 21,000 dollars to seven startups, following the #COVID19InnovationChallenge virtual Demo Day, to support those currently providing solutions and platforms to mitigate the spread of COVID-19 in the country. A statement issued on Friday by Miss Joy Mabia, Communication Lead, Ventures Platform, stated that each startup received 3,000 dollars from the organisation and its partners. Mabia listed some of the beneficiaries as GLOEPID, Wellvis Health’s COVID...
