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France to lead EU talks on new IMF chief

French Economy Minister, Bruno Le-Maire, will lead informal talks to produce a European candidate to head the International Monetary Fund (IMF), a European official at G7 talks near Paris said on Thursday.
Anti-Brexit activists hold placards and wave Union and EU flags as they demonstrate near the Houses of Parliament in central London on January 28, 2019. – Despite the humiliating rejection of Prime Minister Theresa May’s Brexit deal, Britain is no closer to knowing the end result of its vote to leave the European Union. A raft of amendments to be voted on by MPs on Tuesday threaten to further muddy the waters as the clock ticks down to Britain’s scheduled departure from the EU on March 29. (Photo by Tolga AKMEN / AFP)

Britain may be entering full-blown recession – watchdog

The Office for Budget Responsibility (OBR) said the world’s fifth-biggest economy appeared to have flat-lined or possibly contracted in the second quarter, some of which was probably “pay-back” after Brexit-related stock building in early 2019.

Former ECOWAS president passes on at 65

Alain Marcel de Souza, the former president of the ECOWAS Commission, died on Tuesday in Paris after suffering a heart attack, Beninese television reported on Wednesday.

Christine Lagarde resigns as IMF chief

The Managing Director of the International Monetary Fund (IMF), Christine Lagarde, announced in a statement on Tuesday that she had submitted her resignation from the IMF and it will go into effect in September.
Egyptian pound

Egypt annual inflation slows to 9.4 per cent

Egypt’s annual urban consumer price inflation eased to 9.4 per cent in June from 14.1 per cent in May, official statistics agency, CAPMAS, said on Wednesday.

Ghana named AfCFTA headquarters as AU targets $3.4 trillion economic bloc

African leaders last weekend named Ghana as the host of the future headquarters of the continental free trade zone which is expected to unite 1.3 billion people, and create a $3.4 trillion economic bloc that would usher in a new era of development.

Official: EU working to replace Christine Lagarde at IMF

The EU wants to have an agreed European candidate to replace Christine Lagarde at the helm of the International Monetary Fund (IMF), a senior EU official on Monday said.
President Buhari signs New National Minimum Wage Bill into Law in State House on 18th April 2019 2

AfCFTA: Free trade must be fair – President Buhari

With the signing of the African Continental Free Trade Area (AfCFTA) agreement by President Muhammadu Buhari at the opening of the African Union (AU) Summit yesterday in Miami, Niger, Nigeria has joined the AfCFTA.
José Mário Vaz

Guinea Bissau plunges into a power vacuum after president term ends

Guinea Bissau has been plunged into a power vacuum after the president's term ended on Sunday without a government in place despite the naming of Aristides Gomes as prime minister.
Zimbabwe Dollar

Zimbabwe’s currency hits new low, firms demanding payment in US dollars

Zimbabwe’s interim currency fell to a new low on the black market on Thursday and local firms were demanding payment in U.S. dollars as a hedge against inflation, which is running at its highest in a decade.

IMF: Social investment key to stronger global economy

Managing Director of the International Monetary Fund (IMF), Christine Lagarde, has said that investment in social insurance was a key to achieving a stronger global economy, saying societies across the world must begin by strengthening social programmes.
Egyptian pound

Egypt’s annual inflation rises to 14.1 percent

Egypt’s annual urban consumer price inflation increased to 14.1% in May from 13% in April, official statistics agency CAPMAS said on Monday.

G20: Worsening trade wars pose risk to world economy

The world’s top financial policymakers admitted Sunday that trade tensions had worsened, posing a risk for the global economy, after a G20 meeting that laid bare differences between the United States and other nations.

IMF: US, China trade war threatens global growth

Ongoing trade war between the United States (U.S.) and China over tariff hike could slash global economic output by 0.5 per cent next year, the International Monetary Fund (IMF) warned yesterday. The warning is coming ahead the meeting of global finance leaders in Japan this weekend.
Lagos Ibadan Expressway

Experts advices federal government to rehabilitate infrastructure to create jobs

Some financial experts have urged the Federal Government to pursue policies that would accelerate infrastructural rehabilitation and development as well as help tackle rising unemployment and population.

IMF: US consumers paying for Donald Trump’s China tarriffs

A study by the International Monetary Fund (IMF) has found shockingly that U.S. tariff revenue collected from levies on Chinese goods “has been borne almost entirely by U.S. importers and passed on to American consumers.
Abdul Hafeez Shaikh

Pakistan secures $6 billion IMF package

Pakistan has secured a six-billion-dollar bailout package from the International Monetary Fund (IMF) to revive the South Asian economy which faces a balance-of-payment crisis.
Tunde Olatunji

Assemblyman cautions federal government over IMF’s advice on oil subsidy removal

Hon. Tunde Olatunji, a member of Osun State House of Assembly, has warned the Federal Government against listening to the suggestions by the International Monetary Fund (IMF) to remove oil subsidy.

Recent Stories

National Emergency Management Agency (NEMA), on Monday accused members of the Shiite group, Islamic Movement of Nigeria, of burning down two ambulances at the Agency’s Emergency Response and Ambulance Bays (ERABs) in Abuja.

NEMA: Shiites burnt down two quick response ambulances

National Emergency Management Agency (NEMA), on Monday accused members of the Shiite group, Islamic Movement of Nigeria, of burning down two ambulances at the Agency’s Emergency Response and Ambulance Bays (ERABs) in Abuja.
Nigerian Stock Exchange NSE

NSE indices resume with 40% loss amid profit taking

Activities on the nation’s bourse opened for the week on Monday on downward posture, with crucial market indices shedding 0.40 per cent.
Head of the Civil Service of the Federation, Mrs Winifred Oyo-Ita

Winifred Oyo-Ita: Unrealistic demands by labour unions hampering implementation of new minimum wage

The Federal Government has revealed that the new minimum wage of N30,000 is yet to be implemented in full across the board in the Federal Civil Service because of unrealistic demands of the labour unions.
Abba Kabir Yusuf

Tribunal: PDP tenders 241 exhibits against Governor Ganduje’s election

Abba Kabir-Yusuf, the Peoples Democratic Party (PDP) candidate in the March 23 Governorship election in Kano State, on Monday, tendered 241 exhibits before the state Governorship Election Petition Tribunal.
Dr Gloria Obioh, Head of Department of Environmental Biotechnology and Bio- conservation Department, National Biotechnology Development Agency (NABDA) stated this in an interview with newsmen.

Federal government set to deploy biogas for power generation

The Federal Government on Monday in Abuja affirmed its readiness to deploy biogas for electricity generation in the country.