MacDonald Dzirutwe

Lagos

Nigeria Bureau Chief @Reuters. Previously Harare. DM open for news tips & story ideas. Views my own, retweets are not endorsements. [email protected]

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Articles

Nigeria has repaid R61bn Covid-19 funding, says IMF

6 days ago | timeslive.co.za | MacDonald Dzirutwe

Nigeria has repaid $3.4bn (R61.82bn) in emergency funding it received from the International Monetary Fund (IMF) to help the country cope with the impact of the coronavirus pandemic five years ago, the global lender said on Thursday. In April 2020 the IMF provided the financing to help Africa's largest oil exporter cope with a collapse in crude prices, which hit its finances and tipped the economy into recession.
Nigeria approves $652m China Exim Bank road finance package

1 week ago | timeslive.co.za | MacDonald Dzirutwe

Nigeria has approved a $652m (R11.88bn) China Exim Bank funding package for construction of a road to move goods from a sea port and petroleum refinery on the edge of its main city Lagos to its southern states, says public works minister David Umahi. The financing was approved by the federal executive council chaired by President Bola Tinubu on Monday, Umahi said in a statement.
Nigeria's Aliko Dangote 'comfortable' with impact of Trump tariffs on urea exports

2 weeks ago | zawya.com | MacDonald Dzirutwe |Jan Harvey

LAGOS: Nigerian billionaire Aliko Dangote said on Thursday he was "comfortable" with the impact President Donald Trump's tariffs would have on his urea exports to the U.S. because major competitor Algeria had been slapped with a higher levy. Trump imposed a 14% tariff on imports from Nigeria, Africa's largest oil exporter, as part of widespread trade measures introduced last month, later paused for 90 days.
Oil price drop turns up heat on emerging market crude exporters

1 month ago | bilyonaryo.com | Duncan Miriri |MacDonald Dzirutwe

SOURCE: Reuters Oil price drop seen hitting exporters disproportionately Angola faced a margin call after bond market rout Nigeria’s carry trade stops being attractive on oil fall Gulf exporters likely to weather pressure better thanks to reserves, lower debt By Duncan Miriri and MacDonald Dzirutwe NAIROBI/LAGOS, April 15 (Reuters) – A steep drop in crude oil prices largely due to U.S. President Donald Trump’s tariffs will squeeze budgets of emerging market oil exporters, analysts said, while...
Analysis-Oil price drop turns up heat on emerging market crude exporters

1 month ago | ca.finance.yahoo.com | Duncan Miriri |MacDonald Dzirutwe

By Duncan Miriri and MacDonald Dzirutwe NAIROBI/LAGOS (Reuters) -A steep drop in crude oil prices largely due to U.S. President Donald Trump's tariffs will squeeze budgets of emerging market oil exporters, analysts said, while the potential economic slowdown could also curb any benefits for importers.
At least 51 killed in another attack in Nigeria’s Plateau state

1 month ago | wmbdradio.com | Ahmed Kingimi |MacDonald Dzirutwe

By Ahmed KingimiMAIDUGURI, Nigeria (Reuters) – At least 51 people were killed by gunmen in the early hours of Monday in Nigeria’s northern Plateau state, residents and Amnesty International said, two weeks after deadly clashes in another part of the state left dozens dead. Last week, the national emergency agency said gunmen had killed at least 52 people and displaced nearly 2,000 others over several days of attacks in Plateau, which has a history of violence between farmers and cattle herders.
At least 51 killed in another attack in Nigeria's Plateau state

1 month ago | marketscreener.com | MacDonald Dzirutwe |Ahmed Kingimi

MAIDUGURI, Nigeria (Reuters) - At least 51 people were killed by gunmen in the early hours of Monday in Nigeria's northern Plateau state, residents and Amnesty International said, two weeks after deadly clashes in another part of the state left dozens dead. Last week, the national emergency agency said gunmen had killed at least 52 people and displaced nearly 2,000 others over several days of attacks in Plateau, which has a history of violence between farmers and cattle herders.
African Development Bank seeks $2.2bln to support Nigeria's agriculture

1 month ago | zawya.com | MacDonald Dzirutwe

LAGOS: The African Development Bank is mobilising $2.2 billion to develop agricultural processing zones in 28 states in Nigeria to boost food security and create jobs, the bank's president Akinwumi Adesina said on Tuesday. Adesina was speaking in northern Kaduna state while launching the first phase of the initiative that is targeting five states. This phase is being bankrolled by more than $500 million that was first announced in 2022.
Ogilvy SA top African agency in the Warc Awards for Effectiveness 2025 shortlist

1 month ago | bizcommunity.africa | MacDonald Dzirutwe |Chijioke Ohuocha |Ahmed Eljechtimi

2 days7 days30 daysBy Industry Advertise your job vacancies Ogilvy South Africa is the top African agency named in the The Warc Awards for Effectiveness 2025 shortlist with four of the six African campaigns. Uganda is the only other African country shortlisted with two campaigns.
SA leads Wan-Ifra Digital Media Awards Africa 2025 winners list

1 month ago | bizcommunity.africa | MacDonald Dzirutwe |Chijioke Ohuocha |Ahmed Eljechtimi

2 days7 days30 daysBy Industry Advertise your job vacancies The Wan-Ifra Digital Media Awards Africa 2025 have been announced with South Africa's digital media leading from the front with six winners, with Daily Maverick winning three categories. Daily Maverick won three categories in the Wan-Ifra Digital Media Awards Africa 2025, the most from South Africa and also the most of all the entries.