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IMF revives $6BN bailout for Pakistan’s economy

The International Monetary Fund (IMF) said on Monday it had agreed with Pakistan on measures needed to revive a stalled $6bn funding programme for the South Asian country, which faces growing economic challenges. “The Pakistani authorities and IMF staff have reached a staff-level agreement on policies and reforms needed to complete the sixth review,” the IMF said in a statement….

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Red Star renews SON certification to enhance delivery

Trust Africa News, By Ayomide Otitoju Foremost Nigerian logistics company, Red Star Express Plc has successfully renewed its Standards Organisation of Nigeria ISO 9001:2015 certification. The company’s Chief Executive Officer and Group Managing Director, Dr. Sola Obabori, made this disclosure at the recent interview at the company’s corporate headquarters. According to him, the audit exercise measured…

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High Food Prices Could Push 6 Million More Nigerians into Poverty – World Bank

The World Bank says the increase in food prices could push additional six million Nigerians into poverty — calling on the government’s attention for short-term policies to support welfare. The Washington-based institution stated this in its latest report titled ‘COVID-19 in Nigeria: Frontline Data and Pathways for Policy’. In June, the World Bank said an…

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Petrol prices highest in South-East, lowest in North-East in October: NBS

The National Bureau of Statistics (NBS) says South-East residents paid the highest average price for Premium Motor Spirit (PMS), popularly known as petrol, in October. In its “Premium Motor Spirit (Petrol) Price Watch for October 2021,” released on its website on Tuesday, the NBS said the highest average price was recorded in the South-East zone…

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NNPC gets $1bn from Afreximbank for oil exploration

The Nigerian National Petroleum Corporation (NNPC) has entered a five-year agreement worth $1.04 billion with the African Export-Import Bank (Afreximbank), to further promote local exploration of oil and gas in Nigeria and Africa. In a statement made available to Peoples Gazette on Wednesday, Afreximbank said the agreement was signed at the ongoing Intra-African Trade Fair…

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