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    Latest Posts

    Free my brother – Kanye West begs Trump to release Diddy

    Controversial American rapper Kanye West has publicly appealed to US President Donald Trump to release imprisoned music mogul Sean “Diddy” Combs. Kanye, who has been...

    I support probe of my father’s tenure – El-Rufai’s son

    Mohammed El-Rufai, eldest son of the former Governor of Kaduna State, Nasir El-Rufai, has said he supports the probe of his father’s administration by...

    Mercy Chinwo close to final resolution with EezeeTee – Singer’s lawyer announces

    Pelumi Olajengbesi, the lawyer for Nigerian gospel singer Mercy Chinwo, has hinted that his client and her former record label boss, EezeeTee, have started...

    Pheelz earns his first gold certification in the United States

    Nigerian music star Pheelz has achieved a career milestone as his 2022 hit single 'Finesse' featuring BNXN received a Gold certification in the United...

    Nigeria’s economy’ll contract by 4.3% in 2020 – IMF

    The International Monetary Fund has projected that Nigeria’s economy will contract by 4.3 per cent in 2020. It disclosed this in its World Economic Outlook report for October 2020 which was released on Tuesday. The IMF had earlier April predicted a 3.4 per cent contraction of the economy. It also predicted 5.4 per cent contraction in June. It however projected that the economy would recover by 1.7 per cent in 2021.

    According to the report, global growth was projected to contract by 4.4 per cent in 2020, a less severe contraction than forecast in the June 2020 World Economic Outlook Update.

    The revision reflected better-than anticipated second quarter Gross Domestic Product outturns, mostly in advanced economies, where activity began to improve sooner than expected after lockdowns were scaled back in May and June, as well as indicators of a stronger recovery in the third quarter.

    It stated, “Global growth is projected at 5.2 per cent in 2021, a little lower than in the June 2020 WEO Update, reflecting the more moderate downturn projected for 2020 and consistent with expectations of persistent social distancing.

    “Following the contraction in 2020 and recovery in 2021, the level of global GDP in 2021 is expected to be a modest 0.6 per cent above that of 2019.

    Latest Posts

    Free my brother – Kanye West begs Trump to release Diddy

    Controversial American rapper Kanye West has publicly appealed to US President Donald Trump to release imprisoned music mogul Sean “Diddy” Combs. Kanye, who has been...

    I support probe of my father’s tenure – El-Rufai’s son

    Mohammed El-Rufai, eldest son of the former Governor of Kaduna State, Nasir El-Rufai, has said he supports the probe of his father’s administration by...

    Mercy Chinwo close to final resolution with EezeeTee – Singer’s lawyer announces

    Pelumi Olajengbesi, the lawyer for Nigerian gospel singer Mercy Chinwo, has hinted that his client and her former record label boss, EezeeTee, have started...

    Pheelz earns his first gold certification in the United States

    Nigerian music star Pheelz has achieved a career milestone as his 2022 hit single 'Finesse' featuring BNXN received a Gold certification in the United...

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