The Central Bank of Nigeria (CBN) on Friday disclosed that it had earmarked N200 billion to support the healthcare sector in view of its critical roles in the current drive to sustain the nation’s economic recovery. The apex bank governor, Mr, Godwin Emefiele, made this disclosure at the inauguration of Duchess International Hospital, a newly […]
The International Labour Organisation (ILO) has called on countries to support the United Nations’ Global Accelerator for Jobs and Social Protection initiative in order to ensure a human-centred recovery from the pandemic and empower people to navigate the challenges of a rapidly changing world of work. ILO Director-General, Guy Ryder, who gave the charge in […]
Apparently miffed by the worsening impact of the COVI9-19 pandemic on the global community, particularly its crippling effects on businesses and social welfare of billions pf people, the World Bank on Thursday promised to commit more efforts and resources to frontally control its further spread in the months ahead. Giving the assurance during the world […]
The International Monetary Fund (IMF) has expressed concerns that though the global economy will continue to grow until the end of 2021, rising to 5.9% by year end, but that the lingering COVID-19 pandemic still portends great risks to sustainability of the growth trajectories of the various economies. The Fund, in its latest research document, […]
The United States Federal Reserve Vice Chair, Richard Clarida, has indicated that the nation’s economy is nearly ready for the central bank to pull back on its stimulus even he projected that the high inflation may soon begin to subside. The Fed had last month signaled it would “soon” be ready to begin the process […]
President Muhammadu Buhari on Thursday disclosed that the Federal Government’s share of oil revenue as at July this year totalled N570.23 billion, representing 51 percent shortfall from the budgetary target for the seven months period. Buhari gave this hint in his address on the proposed N16.39 trillion Appropriation Bill 2022 at the National Assembly. He […]
Insurance Europe’s Reinsurance Advisory Board (RAB) has urged the UK’s Prudential Regulation Authority (PRA) to either extend its Temporary Permissions Regime (TPR) for the reinsurance business or wait until the Treasury’s review of Solvency II is finalised before making changes to its regulatory requirements. It would be recalled that a recent consultation conducted by the […]
The World Health Organization (WHO) has recommended the use of the RTS,S/AS01 (RTS,S) malaria vaccine among children in sub-Saharan Africa and in other regions with moderate to high P. falciparum malaria transmission. The global health organisation’s recommendation is based on results from an ongoing pilot programme in Ghana, Kenya and Malawi that has reached more […]
The Lagos Chamber of Commerce and Industry (LCCI) on Tuesday commended the monetary authorities on recent policy measures adopted to manage the economy and canvassed the need for improved non-oil revenue and infrastructure development to sustain the current growth trajectory in the nation’s economy. The President of the organized private sector (OPS) umbrella body, Mrs. […]
The International Monetary Fund (IMF) on Tuesday stated that it expected global economic growth in 2021 to fall slightly below the 6% in earlier projected in July. The Managing Director of the IMF, Kristalina Georgieva, cited growing risks associated with debt, inflation and divergent economic trends in the wake of the COVID-19 pandemic as the […]