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Articles by Alvin Young
Nigeria's Effort To Mitigate Coronavirus' Effects Credit Negative For Banks, Says Moody's - TrendingNG
On 16 March, the Central Bank of Nigeria (CBN) announced policy measures to mitigate the effect of the coronavirus pandemic on Nigeria’s (B2 negative) economy. The measures include restructuring loan tenors and terms for businesses and households most affected by the pandemic, particularly borrowers in the oil and gas, agriculture and manufacturing sectors.
Blunting The Impact And Hard Choices: Early Lessons From China
By Helge Berger, Kenneth Kang, and Changyong Rhee The impact of the coronavirus is having a profound and serious impact on the global economy and has sent policymakers looking for ways to respond. China’s experience so far shows that the right policies make a difference in fighting the disease and mitigating its impact—but some of these policies come with difficult economic tradeoffs.
Al-Shabaab Faces Renewed Onslaught As AMISOM, AFRICOM Air Strikes Kill Terrorists
Mar/20/2020/7:02 am As part of an African Union Mission in Somalia (AMISOM) and Somali National Army operation, and in coordination with the Somali government, US Africa Command conducted five airstrikes against al-Shabaab terrorists near Janaale, Somalia, March 16-17. These precision airstrikes targeted members of the al-Qaida-aligned terrorist network as they massed and maneuvered in the vicinity of an ongoing Somali-led ground operation.
Nigeria, AfDB Launch $200-Million National Electrification Project - TrendingNG | Latest Nigerian news, politics, sports, education and entertainment
The African Development Bank and the Nigerian government have launched the National Electrification Project (NEP), to address critical energy access deficits by channeling private sector investments into mini-grid and off-grid solutions. The project, which will be implemented by Nigeria’s Rural Electrification Agency, is a boost to efforts to achieve the target of universal energy access by 2030.
IITA's BIP Team Achieves Feat In Nigeria's Yam Production - TrendingNG
The Business Incubation Platform (BIP) of the International Institute of Tropical Agriculture (IITA) has achieved a yield of 23 t/ha for yam production in Nigeria. This record, which was achieved through a controlled trial, has been set to guide farmers in achieving increased yields from their yam farms. Yam is the common name for plant species of the genus Dioscorea and an annual root tuber-bearing plant with more than 600 species.
Nigeria Considers National DRR Agency Amid Boko Haram Setbacks By Alvin Young
Currently, Nigeria has three deradicalization programs that support Boko Haram defectors. The Prison Program works with militants convicted of violent extremist offenses or those on or awaiting trial. During the program, Imams teach classes on non-violent interpretations of Islam, and other program staff provide vocational training so that, when inmates fulfill their prison terms, they can reenter society with less risk of reverting to terrorism.
IITA Sets Record For Maize Production Per Hectare In Nigeria
The Business Incubation Platform (BIP) of the International Institute of Tropical Agriculture (IITA) has set a new production record for maize in Nigeria. BIP exceeded the previous record through its Youth Out-growers team in an outgrowers program with Nestlé, Nigeria.Maize is one of Africa’s dominant food crops, rich in vitamins A, C, and E, carbohydrates, and essential minerals as well as 9% protein.
Constituency Projects: Nigerian Lawmakers Never Been 'Meritorious', 'Incorruptible', Says CACOL - TrendingNG | Latest Nigerian news, politics, sports, education and entertainment
Mar/19/2020/4:42 pm The Centre for Anti-Corruption and Open Leadership, CACOL, has lent its voice to the control of constituency projects’ funds by members of the National Assembly to stimulate accountability and quality delivery of such projects meant to be cited in their respective domain areas.
IMF Appoints Geoffrey Okamoto As Its First Deputy Managing Director
Mar/19/2020/4:38 pm The IMF Executive Board has approved the expedited appointment of Mr. Geoffrey Okamoto as First Deputy Managing Director, effective March 19, 2020. IMF Managing Director Kristalina Georgieva originally proposed his appointment on March 12, 2020, with an effective start date of March 30.
10 Reasons Why You Need To Continue To Post On Social Media & Pitch The Media During COVID-19 By Heather DeSantis
Mar/19/2020/8:16 pm With the current recession, coronavirus, and uncertainty, businesses are trimming down on expenses and even choosing not to be present, post, or be active on social media. I believe this is the biggest mistake any business, brand or small business can make right now. I absolutely believe that everyone needs to be sensitive, aware, and empathetic with current times, but now more than ever, the world needs positivity, positive news, and inspiration.
AfDB Debars 2 Nigerian Companies For Corruption
Mar/19/2020/5:09 pm The African Development Bank Group on 17 March 2020, announces the debarment of Beulah Universal Link Resources Limited for 36 months and Bluestream Systems and Device Limited for 12 months. Both companies are registered in Nigeria.
COVID-19 Forces Afreximbank President Oramah To Ban Travels, Visitors To Bank
The President of the African Export-Import Bank (Afreximbank), Prof. Benedict Oramah, has put a ban on travels and on visitors to the bank, disclosing that meetings are now held virtually using various electronic platforms. Oramah stated this on Thursday in an address to Afreximbank’s clients, customers and shareholders. Read below his address.
Afreximbank Holds Trade Finance Training For Zimbabwean Banks
Mar/19/2020/8:21 pm The African Export-Import Bank (Afreximbank) has delivered a training programme for Zimbabwean banks in an effort to enhance their technical skills in trade finance. The documentary trade finance training, held in Harare from 24 to 29 March, attracted 44 participants from 15 commercial banks, one non-bank financial institution and the Reserve Bank of Zimbabwe. The six-day programme consisted of two three-day sessions focused on the operational aspects of trade finance.
COVID-19: Ansar ud deen Suspends Jum’ah Prayers, Asalatu, Other Gatherings - TrendingNG | Latest Nigerian news, politics, sports, education and entertainment
The Ansar ud deen Society of Nigeria has suspended all mosque activities following the Lagos State government’s directive on Wednesday that religious gatherings should not have more than 50 people in attendance. The restriction by the state government takes immediate effect. Following that various religious groups like the Redeemed Christian Church of God (RCCG) have issued directives to their members to comply with the restriction.
Buhari Regime Unrepentant Human Rights Violator As It Expels PUNCH, AIT Reporters
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Coronavirus: AfDB Cancels Travel, Meetings, Conferences As COVID-19 Rages On - TrendingNG | Latest Nigerian news, politics, sports, education and entertainment
The African Development Bank on Wednesday announced health and safety measures to help prevent the spread of the coronavirus in countries where it has a presence, including its headquarters in Abidjan. The measures include telecommuting, video conferencing in lieu of physical meetings, the suspension of visits to bank buildings, and the cancelation of all travel, meetings, and conferences, until further notice.
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