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Annual Meetings

A man is silhouetted against the logo of the World Bank at the main venue for the International Monetary Fund (IMF) and World Bank annual meeting in Tokyo. REUTERS-Kim Kyung-Hoon

World Bank-IMF annual meetings in Morocco postponed until 2022

The Annual Meetings of the World Bank Group and the International Monetary Fund (IMF) scheduled to take place in Marrakesh, Morocco, in October 2021 has been postponed by 12 months until 2022 due to the COVID-19 pandemic.
A man is silhouetted against the logo of the World Bank at the main venue for the International Monetary Fund (IMF) and World Bank annual meeting in Tokyo. REUTERS-Kim Kyung-Hoon

World Bank, IMF charged on economic transformation

The Development Committee of the World Bank Group (WBG) and International Monetary Fund (IMF) for Annual Meetings 2020 has called on the multilateral organisations to support and accelerate a resilient recovery centered on jobs and economic transformation.
President of the African Development Bank (AfDB), Dr Akinwunmi Adesina, has said that Nigeria needs to evolve a more effective tariff structure in order to achieve steady electricity supply.

Akinwmi Adesina: Why I should be re-elected to lead AfDB for another five years

African Development Bank President Akinwumi Adesina on Wednesday made a case for his re-election as head of the institution, saying that he wanted to fulfil “his sense of duty and commitment.”
A man is silhouetted against the logo of the World Bank at the main venue for the International Monetary Fund (IMF) and World Bank annual meeting in Tokyo. REUTERS-Kim Kyung-Hoon

IMF, World Bank to hold fall meetings virtually due to coronavirus

The IMF and World Bank Group announced Thursday that their annual fall meetings will be mostly virtual due to the coronavirus pandemic.

African Union council endorses Akinwumi Adesina for second term as AfDB president

The Executive Council of the African Union has supported Akinwumi Adesina’s candidacy for a second term as President of the African Development Bank.
President of the African Development Bank (AfDB), Dr Akinwunmi Adesina, has said that Nigeria needs to evolve a more effective tariff structure in order to achieve steady electricity supply.

Akinwumi Adesina: I don’t believe in youth empowerment

The President of the African Development Bank, Dr Akinwumi Adesina, has disagreed with many who believe in youth empowerment. He said that youth investment is the only key to unlock the envisioned potentials of youth.
A participant at the recent International Monetary Fund-World Bank Annual Meetings held in Washington DC, United States has been diagnosed with chickenpox.

Official: Participant at IMF/World Bank meetings diagnosed with chickenpox

A participant at the recent International Monetary Fund/World Bank Annual Meetings held in Washington DC, United States has been diagnosed with chickenpox.

Central bank opposes MTN’s planned charges

The Central Bank of Nigeria (CBN) has opposed plans by MTN to charge their subscribers for Unstructured Supplementary Service Data (USSD) access to banking services from Oct. 21.

Central bank governor defends forex restriction on 43 items

The Governor, Central Bank of Nigeria (CBN), Godwin Emefiele, has defended the apex bank’s policy restricting foreign exchange sales for 43 items that can be produced locally.
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.

IMF faults forex restrictions on 43 items as hurting investments

The foreign exchange restrictions placed on 43 items by the Central Bank of Nigeria (CBN) on Tuesday drew criticism from the International Monetary Fund (IMF).
African Export-Import Bank (Afreximbank)’s President, Prof. Benedict Oramah, said this at the on-going Afreximbank Annual Meeting (AAM 2019) in Moscow on Thursday.

Afreximbank board retains Nigeria as chairman

The African Export-Import Bank (Afreximbank) will pay a total of $69 million to its shareholders as dividend from its 2018 earnings, according to decisions reached during the Annual General Meeting of Shareholders (AGM) of the Bank which ended in Moscow on Sunday.
African Export-Import Bank (Afreximbank)

Afreximbank approves $69 million dividend for investors

The African Export-Import Bank (Afreximbank) on Saturday announced a $69 million dividend to its shareholders from its 2018 earnings.

Equatorial Guinea hosts AfDB’s meeting

Equatorial Guinea will host the African Development Bank’s next annual meetings coming up in June 2019.

IMF puts global debt at $180 trillion

The International Monetary Fund (IMF) has put the global debt at $180 trillion, warning highly indebted emerging-markets and low-income countries against what it termed pro-cyclical fiscal policies.

World Bank ranks Nigeria low in human capital index

The World Bank Group has ranked Nigeria 152 out of a total of 157 countries surveyed in its Human Capital Index (HCI) that was unveiled on Thursday.
Zainab Ahmed

Nigeria advised to utilise forex reserves judiciously

As a result of interest rate normalisation in the United States and other advanced economies, the International Monetary Fund (IMF) yesterday advised the Central Bank of Nigeria (CBN) to ensure that it cautiously utilise Nigeria’s external reserves to guard against external shocks.

AfDB disbursed $7.81 billion in 2017 to support African countries’ structural transformation

The African Development Bank, under the leadership of Dr. Akinwumi Adesina, has increased disbursements to support the structural transformation of countries in Africa, according to its Annual Report, released during the Annual Meetings in Busan, South Korea.

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Activities in Kaduna State have been paralysed as the five-day warning strike directed by the Nigeria Labour Congress (NLC) over irregular sacking of civil servants began on Monday.

Kaduna strike: Nigerian governors appeal to NLC to exercise restraint

Governors under the aegis of the Nigeria Governors’ Forum (NGF) have appealed to the Nigeria Labour Congress (NLC) to exercise calm and restraint in its engagement with the Kaduna State government.
Tottenham manager Jose Mourinho believes his star man Harry Kane is surrounded by the ideal pieces.

Harry Kane tells Tottenham he wants to leave this summer

The 27-year-old has grown frustrated over the club's inability to compete at the highest level, having seen his side fall out of contention to secure Champions League football for next season.
Napoli boss Gennaro Gattuso has revealed his struggles with an auto-immune disease, while claiming that when I eventually die, I want to go where I lived, on a football pitch..

Juventus considering Gennaro Gattuso as Andrea Pirlo’s replacement

Juventus are studying the future and are reportedly considering Napoli coach Gennaro Gattuso as a possible alternative to replace Andrea Pirlo.
A former Provost of College of Education, Ikere Ekiti, now Bamidele Olumilua University of Education, Science and Technology, Professor Francisca Aladejana, is dead.

Ekiti governor’s aide slumps, dies in office

A former Provost of College of Education, Ikere Ekiti, now Bamidele Olumilua University of Education, Science and Technology, Professor Francisca Aladejana, is dead.
An All Progressives Congress (APC) aspirant for the forthcoming Anambra State governorship election, Hon Dozie Madu, has dismissed speculations that he has been anointed by President Muhammadu Buhari.

Anambra guber: I’m not President Buhari’s anointed aspirant – Dozie Madu

An All Progressives Congress (APC) aspirant for the forthcoming Anambra State governorship election, Hon Dozie Madu, has dismissed speculations that he has been anointed by President Muhammadu Buhari.

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Members of the minority parties in the House of Representatives have faulted the suspension of the Minority Leader, Mr Ndudi Elumelu, and five other leaders of the caucus by the Peoples Democratic Party.

House minority leader empowers 350 constituents with generators, freezers, motorcycles, tricycles

Governor Ifeanyi Okowa of Delta State on Saturday in Asaba flagged off the distribution and presentation of empowerment items sponsored by the Minority Leader of the House of Representatives, Ndudi Elumelu.
Zinedine Zidane doesn’t intend on resigning as Real Madrid coach but that doesn’t mean his future at the club is safe according to a report in Marca.

Zinedine Zidane ready to walk away from Real Madrid

But the 48-year-old coach, who has won two league titles and three Champions League crowns in less than four seasons, has all but made up his mind to walk away after the final game of the campaign at home to Villarreal on May 23.
Ex-Minneapolis police officer Derek Chauvin has been found guilty of all charges in the death of George Floyd, the Black man who was pinned to the pavement with a knee on his neck for more than nine minutes.

Minnesota judge finds aggravating factors in George Floyd murder

A Minnesota judge has ruled that aggravating factors were involved in the death of George Floyd, opening the possibility of a longer sentence for former Minneapolis police officer Derek Chauvin.
Anthony Martial looked a £100 million player and was labelled a Ferrari by Owen Hargreaves after Manchester United's Europa League win over Copenhagen.

Europa League final: Manchester United get Anthony Martial, Daniel James injury boost

Anthony Martial is in contention to play for Manchester United against Fulham after recovering from a knee injury.
An Anglican Archbishop, Isaac Nwaobia, has urged the federal government to convene a national dialogue to address issues of insecurity in the country.

Anglican archbishop calls for national dialogue

An Anglican Archbishop, Isaac Nwaobia, has urged the federal government to convene a national dialogue to address issues of insecurity in the country