World Bank approves $1bn funding for Kenya budget support
The World Bank has approved a 1 billion dollars loan for Kenya to help it close a gaping budget deficit and tackle the economic shocks from the coronavirus pandemic, both sides said on Wednesday. The loan, initiated before the health crisis started, is the second-ever such direct lending for the budget from the World Bank […]
Australia opens up domestic life further as China dispute lingers
Australian officials announced a raft of plans on Wednesday to speed up the resumption of public life to boost the ailing economy amid a diplomatic spat with major trading partner China. The government is also talking with Australian universities about allowing the return of some international students, a sector that contributes more than A$30 billion […]
UK engine-maker Rolls-Royce cuts 9,000 jobs
Rolls-Royce, the British maker of plane engines, said Wednesday it will cut at least 9,000 jobs and slash costs elsewhere, as the coronavirus slams the aviation sector. “This is not a crisis of our making. But it is the crisis that we face and we must deal with it,” chief executive Warren East said in […]
DMO to sell N60bn FGN bonds, as external reserves hit $35.47bn
By Babajide Komolafe The Debt Management Office (DMO) will, today, conduct bond auction by offering N60 billion worth of Federal Government of Nigeria (FGN) bonds to investors. This comes as the databank of the Central Bank of Nigeria, CBN, shows further rise in the nation’s external reserves. According to the revised debt issuance calendar for […]
Diya’s wife dies at 66
Former Military Vice President, Lt. Gen. Oladipo Diya (retd) has lost one of his wives, Mrs Deborah Folashade Diya, who died after a brief illness at age 66. In a statement by Olawale Adekoya, Special Adviser to Gen. Diya, the late Folashade died on Monday, May 18, 2020, after she fell ill and was rushed […]
‘I cried for 3 days, it’s your turn’: Chinese woman sends tonne of onions to ex
A jilted Chinese woman has sent an unusual revenge gift to an ex-lover who broke up with her days before Chinese Valentine’s Day — dumping a truckload of onions on his doorstep to bring him to tears. The woman in eastern China’s Shandong province bought the tonne of onions online and had them delivered to […]
