Home Topics Abebe Selassie

Abebe Selassie

The logo of the International Monetary Fund (IMF) is seen during a news conference in Santiago, Chile, July 23, 2019. REUTERS-Rodrigo Garrido-File Photo

IMF: Coronavirus could cause set back on decade of progress in Africa

The coronavirus pandemic could set back incomes in sub-Saharan Africa by a decade as weak oil prices, a tourism standstill and business lockdowns shrink the region’s economy 3.2 percent in 2020, an IMF official said Monday.
The International Monetary Fund (IMF) has backed Nigeria’s closure of its borders with some neighbouring countries over issues bordering on illegal trade.

IMF: Nigeria’s border closure hurting Benin, Niger economies

The International Monetary Fund (IMF) has said the sustained closure of the Nigerian land borders is hurting economies of Benin Republic and Niger Republic.
The International Monetary Fund (IMF) has backed Nigeria’s closure of its borders with some neighbouring countries over issues bordering on illegal trade.

Border closure: IMF tacitly backs Nigeria, urges speedy resolution of issue

The International Monetary Fund (IMF) has expressed tacit support for the closure of Nigeria’s land borders to its neighbours over issues bordering on illegal trade.
The International Monetary Fund (IMF) has backed Nigeria’s closure of its borders with some neighbouring countries over issues bordering on illegal trade.

IMF backs Nigeria on border closure

The International Monetary Fund has backed Nigeria’s closure of its borders with some neighbouring countries over issues bordering on illegal trade.

Federal government commits to improved funding of NSIA

The Federal Government says it will use revenue accrued in the Excess Crude Account (ECA) to improve the funding of the Nigeria Sovereign Investment Authority (NSIA).
Udoma Udo Udoma, minister of budget and national planning

Udoma Udoma: Nigerians to see impact of foreign investments in two years

The Minister of Budget and National Planning, Sen. Udoma Udo Udoma on Thursday said that Nigerians might have to wait for another two years before seeing the impact of foreign investments in the country.

IMF raises concerns over Nigeria’s rising debt

The International Monetary Fund (IMF) has expressed concern over rising public debt in Nigeria and other African countries, calling for fiscal measures to arrest the trend.

Recent Stories

Amaju Pinnick

Amaju Pinnick not ruling out bid for CAF Presidency

NFF President Amaju Pinnick has stated that he is not ruling out a bid for the top seat at the Confederation of Africa Football.

Labour insists on reversal of fuel price, electricity tariff hike

The organised labour Thursday insisted that the Federal Government should revert back to the old prices of petrol and electricity tariff, if not the strike will stand.
Governor Douye Diri has expressed worry over the development, following the lifting of the ban on interstate travel.

Bayelsa election: Governor Diri, INEC ask appeal court to reverse tribunal’s judgment

Governor Duoye Diri of Bayelsa State on Thursday in Abuja asked the Court of Appeal to reverse the decision of the Bayelsa Governorship Election Petition Tribunal which nullified the November 16, 2019 governorship poll in the state.
Sequel to the collapse of a school building in Ejigbo in the early hours of Saturday, the Governor of Lagos State, Mr. Babajide Olusola Sanwo-Olu has directed the Ministry of Physical Planning and Urban Development to carry out integrity tests on both public and private schools with buildings of 3 floors and above.

Lagos seeks monthly payment of house rent for residents

The Lagos State Government has called on stakeholders in real estate sector to work out modalities for residents to pay house rents on monthly basis instead of yearly.
The Economic and Financial Crimes Commission (EFCC) on Thursday in an FCT High Court in Maitama, re-arraigned a deputy director with the National Emergency Management Agency (NEMA), Emenike Umesi, for alleged misappropriation of N54.3 million.

EFCC recovers N4.16 billion debt owed Nigerian government by lottery companies

The Economic and Financial Crimes Commission has recovered at least N4.16 billion out of the debt owed the federal government by lottery companies.