North Korea’s Kim berates officials over troubled flagship hospital
North Korean leader Kim Jong Un berated officials for their “careless” construction of a flagship hospital in Pyongyang and ordered those responsible to be sacked, state media reported Monday. The North has long used giant infrastructure projects to try to burnish the government’s credibility, including housing developments in Pyongyang and the continuing Wonsan-Kalma tourism development, […]
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LAPO MfB bond oversubscribed by N200m
LAPO MfB Limited SPV Plc’s N6 billion bond offer has recorded N200 million oversubscription. The bond offer was targeted at mitigating funding gaps in the credit market.
40% of women owned businesses affected by COVID-19
Experts in the financial sector have advocated improved access to credit facilities and micro insurance for women businesses affected by the COVID’19 pandemic.
Health, education, others in limbo as debt stock hits N30trn in H1’20
Nigeria’s public debt inched closer rose to N30 trillion following net borrowing of N2.3 trillion by the Federal Government (FG) in the first half of 2020 (H1’20), indicating more budgetary spending for debt service and reduction in funding to provide health, education, roads and other social services and infrastructure for Nigerians.
Rising COVID-19 cases, weak economy take toll on stock market
The increasing number of coronavirus, (COVID-19) cases and the consequent weakening of the nation’s economy have taken the Year-to-Date, YtD, loss to investors in the Nigerian Stock Exchange to -9.5%.
Wellcome set to release shortlist for 2020 Photography Prize
By Prisca Sam-Duru The Wellcome Photo prize, an initiative partnering with the Africa Artist Foundation and LagosPhoto, is set to announce the shortlist of the 2020 Wellcome Art Prize competition. Comprising five categories, the shortlist will be chosen by Chair of Judges Dr. Jeremy Farrar, Director of Wellcome, and a panel of six judges: Siân […]
