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Thursday, May 28, 2020

IMF

IMF approves Nigeria’s $3.4bn emergency loan

     The International Monetary Fund (IMF) on Tuesday approved $3.4 billion emergency support for Nigeria to address the severe impact of the COVID-19. IMF, however, insisted that the Federal Government must be committed to medium-term macro-economic stability to support economic recovery...

World Bank, IMF call on bilateral creditors to suspend debt payments from poor countries

  The World Bank Group and International Monetary Fund, with immediate effect, have called on all official bilateral creditors to suspend debt payments from International Development Assistance (IDA) countries that request forbearance. This decision has become necessary due the coronavirus outbreak,...

Obiora’s Deputy Governor’s appointment: Commendation, laudatory remarks and cheers for Pres. Buhari

    The profile of President Muhammadu Buhari further burgeoned on Thursday, Jan. 16 with the appointment of a world-class Economist and Statistician, 43-year-old Dr Kingsley Isitua Obiora, as the Deputy Governor, Economic Policy Directorate of the Central Bank of Nigeria (CBN).   With...

Minister of Finance, Budget and Planning, CBN Governor at the Plenary Session of the IMFC

      Kristalina Georgieva, IMF boss, former MD IMF Christine Lagarde, Nigeria'sMinister of Fianace, Budget and planning, Zainab Ahmed, Central Bank Governor, Mr. Godwin Emefiele, Dr. Kingsley Obiora, Alternate Executive Director, Africa Group One Constituency at the IMF.            

Nigeria’s border closure : IMF thumbs up for FG

  About 57 days after Nigeria shut its borders against neighboring countries to fight smuggling, the International Monetary Fund (IMF) may have thrown its weight behind the Federal Government, describing  it is an illegal trade. `` It is about illegal trade...

Nigeria’s dependence on oil reduced to 32 per cent, says Finance Minister

Nigeria's Minister of Finance, Mrs Zainab Ahmed, says the country's economy is fully diversified with non-oil revenue more than oil to the national budget. She said before the President Muhammadu Buhari administration, oil revenue was 60 per cent of the...

Kristalina Georgieva Selected as IMF Managing Director

  The Executive Board of the International Monetary Fund (IMF), on Wednesday selected Kristalina Georgieva to serve as IMF Managing Director and Chair of the Executive Board for a five-year term starting on October 1, 2019. Ms. Georgieva, who succeeds Christine...

Lagarde Resigns as IMF Boss, Cites More Clarity on ECB Position

International Monetary Fund Managing Director Christine Lagarde announced on Tuesday she had submitted her resignation from the global lender, saying she had more clarity about her nomination to be the next head of the European Central Bank. Lagarde said in...

Corrupt Countries Collect Less Tax: Corruption and Your Money

By IMF Blog The costs of corruption run deep. Your taxpayer dollars are lost in different ways, siphoned off from schools, roads, and hospitals to line the pockets of people up to no good. Equally damaging is the way it corrodes...

Nigeria’s sluggish economic growth too weak to lift millions out of poverty – IMF

The International Monetary Fund (IMF) says Nigeria's slow economic growth too weak to lift millions of Nigerians from poverty, despite 137 percent growth in real Gross Domestic Product (GDP) from 0.8 percent in 2017 to 1.9 percent last year. The...
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English Premier League cleared to resume season June 17

  The Premier League season is set to restart on 17 June with Aston Villa v Sheffield United and Manchester...
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Pres. Buhari seeks NASS nod for fresh $5.5bn foreign loan

A request for a fresh external loan of $5.513 billion has been forwarded to the Nigerian House of Representatives for approval. President Muhammadu Buhari's letter...

Nigeria reports 5 additional COVID-19 deaths, over 385 more cases

  According to the NCDC as of 11 p.m. Wednesday, Nigeria now has 8,733 cases of COVID-19 with 2,501 recoveries. The NCDC announced 389 new cases.     Lagos-256...

Continental Reinsurance firm Honours Top African Journalists at Virtual Awards Ceremony

  By Ajuma Edwina Ogiri A Leading Pan African Reinsurance firm, Continental Reinsurance Plc, has honoured winners of its 2020 Pan African Re/Insurance Journalism Awards at...

Alleged corruption at AfDB : I’m unperturbed, innocent, says Dr Adesina

        In spite of spirited efforts in some quarters to tarnish his reputation and prejudice the bank’s governance procedures, the President of the African Development...