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Annual Meetings

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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The General Director, Netherlands Institute of International Relations, Monika Sie Dhian Ho disclosed this during a visit to the Chairman-CEO Nigerians in Diaspora Commission,(NIDCOM) Hon Abike Dabiri-Erewa on Thursday in Abuja.

Netherlands, Nigeria set to strenghen labour migration, seeks partnership with NIDCOM

The Netherlands Institute of International Relations is working out a scheme to make migration regular and legal with special interest in Information and Communication Technology, ICT and Agriculture.
According to the Yorkshire Evening Post, winger Ian Poveda will join Leeds from Manchester City imminently, and a deal could be done in the next 24 hours.

Leeds to make Manchester City winger their second January signing

The former Arsenal and Barcelona academy player will join on a free transfer and sign a four-and-a-half deal and will be viewed as a replacement for Jack Clarke, who returned from his loan from Tottenham early and is now with QPR.

Mike Adenuga emerges Nigeria’s entrepreneur of decade

Africa’s leading businessman and Chairman of Globacom Limited, Dr Mike Adenuga Jr., has been voted Entrepreneur of the Decade. He won the award at the Silver Jubilee Anniversary of ThisDay Newspapers held at Eko Hotel in Lagos on Monday night.
Oyo state Police Command Public Relations Officer (PPRO) Mr Gbenga Fadeyi has confirmed the murder of popular Lagos-based trado-medical expert, Mr Fatai Yusuf, otherwise known as Oko Oloyun

Police: How Fatai Yusuf was shot dead

Oyo State Police Command Public Relations Officer (PPRO), Mr Gbenga Fadeyi, has confirmed the murder of popular Lagos-based trado-medical expert, Mr Fatai Yusuf, otherwise known as Oko Oloyun.

IPOB: Facebook shutdown Nnamdi Kanu’s account

According to the publicity secretary of IPOB, Emma Powerful who disclosed this in a press statement he made available to Daily Sun, said that the reason for the shutdown was as a result of its widely used by those he said were determined to expose the ills of the present administration.