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World Bank: 60 Million People Could Be Pushed Into Extreme Poverty In 2020 The World Bank has urged Nigeria and other countries to go for comprehensive policies capable of boosting long-term growth along with short term measures to address health emergencies in the wake of the coronavirus crisis. This is coming amid indications from the…
June 3, 2020
*Independent Probe likely Soon As More Countries Align With United States Position By Hamilton Nwosa (Head, The New Diplomat’s Business and data tracking desk) President of the African Development Bank, Dr Akinwumi Adesina who has been assailed with unresolved allegations bordering on ethical breach of Code of Conduct, favoritism, gross misconduct, inappropriate staffing, private gains,…
May 27, 2020
After Nigeria’s external reserves went on a downward slide last year losing $11.75 billion within a space of 10 months, the reserve received a new lease of life as it went up by 7% in 21 days, available data from the Central Bank of Nigeria, CBN has shown. As of May 12, 2020, the reserve…
May 26, 2020
By Hamilton Nwosa (Head, The New Diplomat’s Business and data tracking desk) In what many see as a puzzling and interrogative move, the United States government’s official letter to the chairman of the Bureau of the Board of Governors of the African Development Bank, and minister of planning and development of the Republic of Cote…
May 26, 2020
*Oil Savings Dip to $72m from $325m in 6 Months $1.5BN World Bank Financial Relief Being Sought, Says Minister As global oil prices plunge occasioned by the COVID 19 pandemic continues to spawn a huge upset on Nigeria’s main source of income, creating large financing needs amidst weakening national currency, Minister of Finance, Budget and…
May 22, 2020
* American Economic and Geopolitical Power Is at Stake By Aditi Kumar and Eric Rosenbach of Harvard Kennedy School, U.S. Imagine that it is 2022 and the United States has received intelligence from the Mossad that Iran is procuring essential components for nuclear weapons and missile programs. U.S. economic sanctions on Iran remain in place,…
May 21, 2020
The pace of oil demand recovery in China and the entire world could be shaped by China’s top policy-setting meetings, which begin on Friday to chart the course for the Chinese economy hit by the coronavirus pandemic. The National People’s Congress (NPC), the most important policy-setting annual event in the Communist country, is expected to…
May 20, 2020
The Minister of Finance, Budget, and National Planning, Zainab Ahmed has revealed that the country will depend on local and foreign borrowings as well as proceeds of privatization to the tune of N5.36 trillion naira to plug the deficit in the 2020 budget. She made this disclosure after the Federal Executive Council, FEC meeting on…
May 14, 2020
The Nigerian Extractive Industries Transparency Initiative (NEITI) says the Federation Accounts Allocation Committee (FAAC) disbursed a total of N1.95 trillion to the federal, state, local governments and other statutory agencies in the first quarter of 2020. NEITI disclosed this in its quarterly report released in Abuja on Monday. It said the disbursements showed that N791.4…
May 12, 2020
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World Bank: 60 Million People Could Be Pushed Into Extreme Poverty In 2020 The World Bank has urged Nigeria and other countries to go for comprehensive policies capable of boosting long-term growth along with short term measures to address health emergencies in the wake of the coronavirus crisis. This is coming amid indications from the…
June 3, 2020
*Independent Probe likely Soon As More Countries Align With United States Position By Hamilton Nwosa (Head, The New Diplomat’s Business and data tracking desk) President of the African Development Bank, Dr Akinwumi Adesina who has been assailed with unresolved allegations bordering on ethical breach of Code of Conduct, favoritism, gross misconduct, inappropriate staffing, private gains,…
May 27, 2020
After Nigeria’s external reserves went on a downward slide last year losing $11.75 billion within a space of 10 months, the reserve received a new lease of life as it went up by 7% in 21 days, available data from the Central Bank of Nigeria, CBN has shown. As of May 12, 2020, the reserve…
May 26, 2020
By Hamilton Nwosa (Head, The New Diplomat’s Business and data tracking desk) In what many see as a puzzling and interrogative move, the United States government’s official letter to the chairman of the Bureau of the Board of Governors of the African Development Bank, and minister of planning and development of the Republic of Cote…
May 26, 2020
*Oil Savings Dip to $72m from $325m in 6 Months $1.5BN World Bank Financial Relief Being Sought, Says Minister As global oil prices plunge occasioned by the COVID 19 pandemic continues to spawn a huge upset on Nigeria’s main source of income, creating large financing needs amidst weakening national currency, Minister of Finance, Budget and…
May 22, 2020
* American Economic and Geopolitical Power Is at Stake By Aditi Kumar and Eric Rosenbach of Harvard Kennedy School, U.S. Imagine that it is 2022 and the United States has received intelligence from the Mossad that Iran is procuring essential components for nuclear weapons and missile programs. U.S. economic sanctions on Iran remain in place,…
May 21, 2020
The pace of oil demand recovery in China and the entire world could be shaped by China’s top policy-setting meetings, which begin on Friday to chart the course for the Chinese economy hit by the coronavirus pandemic. The National People’s Congress (NPC), the most important policy-setting annual event in the Communist country, is expected to…
May 20, 2020
The Minister of Finance, Budget, and National Planning, Zainab Ahmed has revealed that the country will depend on local and foreign borrowings as well as proceeds of privatization to the tune of N5.36 trillion naira to plug the deficit in the 2020 budget. She made this disclosure after the Federal Executive Council, FEC meeting on…
May 14, 2020
The Nigerian Extractive Industries Transparency Initiative (NEITI) says the Federation Accounts Allocation Committee (FAAC) disbursed a total of N1.95 trillion to the federal, state, local governments and other statutory agencies in the first quarter of 2020. NEITI disclosed this in its quarterly report released in Abuja on Monday. It said the disbursements showed that N791.4…
May 12, 2020
