IMF To Launch $50bn Lifeline For Nigeria, Others   The International Monetary Fund has said it is set to launch a $50bn trust fund for low-income and vulnerable middle-income countries to help them build resilience to balance of payments shocks and set them on the path...

$50bn Investments Lost In 10yrs Without Oil Sector Law, Says Buhari       Nigeria lost investments worth at least $50billion due to delayed passage of the Petroleum Industry Bill (PIB) in the last 10 years, President Muhammadu Buhari said yesterday. He spoke at Aso Villa yesterday at a...

Africa’s Climate Change Impact Rises To $50bn Annually       The African Development Bank (AfDB) has said the impact of climate change on the continent could rise to $50 billion each year by 2040, with a further three per cent decline each year in gross domestic product...

Nigeria Plans $50bn Intra-Africa Exports - AfCTA       The National Action Committee on African Continental Free Trade Area Agreement has disclosed plans to achieve economically viable communities in Nigeria by growing its intra-Africa export trade volume to $50bn by 2035. The Senior Special Assistant to the President...

COVID-19: IMF Offers $50bn To Poor Countries   The International Monetary Fund says it is providing about $50bn through its rapid-disbursing emergency financing facilities for low income and emerging market countries that could potentially seek support. The Managing Director, IMF, Kristalina Georgieva, said this during the...

Africa Imports $50bn Food Yearly   African countries import nearly $50bn net of food annually despite the continent holding 60 per cent of the world’s arable land, the African Development Bank (AfDB) has said. The bank’s Vice President for Agriculture, Human, and Social Development, Jennifer Blanke, stated...