Tag: IMF

IMF Approves US$3.4bn Emergency Support for Nigeria to Address COVID-19 Pandemic

Henry Solomon- April 29, 2020

The Executive Board of International Monetary Fund (IMF) has approved US$3.4 billion in emergency financial assistance to support Nigeria in addressing economic impact of COVID-19 ... Read More

IMF Backs Nigeria on Border Closure

Henry Solomon- October 19, 2019

The International Monetary Fund (IMF) has backed Nigeria’s closure of its borders with some neighbouring countries over issues bordering on illegal trade. Mr Abebe Selassie, ... Read More

IMF: No more lending to Sudan – Official

admin- April 29, 2019

The International Monetary Fund (IMF) continues to provide Sudan with technical assistance and policy support, but it cannot offer additional financing because of the country’s ... Read More

Gambia Begins Sales of Ex-President Jammeh’s luxurious Properties

Henry Solomon- May 11, 2018

Gambia is selling several planes and a fleet of luxury cars bought by former president Yahya Jammeh as it seeks to reduce a mountain of ... Read More

IMF Warns Of Rising African Debt In Spite Of Faster Economic Growth

Abdul Jimoh- May 8, 2018

The IMF on Tuesday warned that Sub-Saharan African nations are at growing risk of debt distress because of heavy borrowing and gaping deficits, in spite ... Read More

Dogara Laments Over Difficulties in Accessing Loans, Makes a Clarion Call

Henry Solomon- March 12, 2018

The Speaker of the House of Representatives, Mr Yakubu Dogara, has decried difficulties faced by Nigerians in accessing bank loans . Dogara, made this known ... Read More

FG Would Not Be Reckless With Foreign Borrowings – Kemi Adeosun

Henry Solomon- October 16, 2017

The Honourable Minister of Finance, Mrs. Kemi Adeosun, disclosed on Sunday that the Federal Government would not be reckless with foreign borrowings as it maintains ... Read More

Nigeria Tasks World Bank, IMF To Scale Up Access Renewable Energy

Henry Solomon- October 13, 2017

Nigeria has asked the World Bank Group and the International Monetary Fund (IMF) to scale up the provision of and access to renewable energy in ... Read More

News Summary; 10/05/2017 Mrs Buhari Provides Health Screening for Women at Durumi IDP Camp

Abdul Jimoh- May 10, 2017

Mrs Buhari Provides Health Screening for Women at Durumi IDP Camp Mrs Buhari Provides Health Screening for Women at Durumi IDP Camp About two thousand ... Read More

Nigerians Not Sending Money Home, Remittances Drops 10%

Arowobusoye Samuel- April 21, 2017

Racheal Ishaya: Remittances to Nigeria and developing countries fell for a second consecutive year in 2016, a trend not seen in three decades, says the ... Read More

G24 Group: Minister Of Finance, Adeosun Emphasizes On Non-Oil Revenue Growth

Henry Solomon- April 21, 2017

The Minister of Finance, Mrs Kemi Adeosun, has advised Nigerians to focus on non-oil revenue growth, tax compliance and budget transparency to drive economic development‎ ... Read More

Upward Trajectory Shows Nigerian Economy On Its Way Out Of Recession

Abdul Jimoh- February 28, 2017

Laolu Akande, Abuja; There are now indications that the Nigerian economy is well on its way out of recession considering the 2016 overall and last ... Read More

Senate Seeks More IMF Support To Tackle Economic Challenges

Henry Solomon- October 27, 2016

The Deputy President of the Senate, Senator Ike Ekweremadu, has solicited more support and closer partnership with the International Monetary Fund, IMF, in Nigeria’s efforts ... Read More

BMSG urges Nigerians to keep hope alive, as IMF rates nation’s economy largest in Africa

Abdul Jimoh- October 20, 2016

Members of Global Buhari Support Group As the International Monetary Fund rates Nigeria’s economy as the largest in Africa, the Buhari Media Support Group urges ... Read More

News Summary 10th October 2016, All You Need To Know Today;Corruption, not Judiciary under attack-Presidency

inno.korie- October 10, 2016

Corruption,  not Judiciary under attack The presidency has assured that the president reserves his highest respect for the institution of the judiciary as the third ... Read More

IMF Introduces Zero Interest To Low Income Countries

Henry Solomon- October 7, 2016

IMF/ World Bank 2016 General Meeting in Washington D.C. The International Monetary Fund (IMF), has introduced zero interest rates on all its concessional facilities to ... Read More

FG Expects Better Economic Outlook for Second Half of 2016

Arowobusoye Samuel- August 31, 2016

Jide Onifade: The just released GDP figures for the 2016 Second Quarter by the National Bureau of Statistics indicates a further growth in agriculture and ... Read More

I Disagree With IMF, Nigeria’s Economy Will Recover – Aigbokhan

Henry Solomon- July 25, 2016

An economist, Prof. Ben Aigbokhan, has predicted that Nigeria’s economy would recover from depression as soon as possible with the measures being put in place ... Read More

“Nigeria Is Not Sick” We Don’t Need IMF Loans – Finance Minister Kemi Adeosun

Henry Solomon- April 16, 2016

The Managing Director of International Monetary Fund (IMF) Christine Legarde says the state of Nigeria’s economy is critical and requires proactive monetary, fiscal and structural ... Read More