IMF
NSE optimistic on bullish market as equities’ return rises to N1.35 trillion
The Nigerian Stock Exchange (NSE) has expressed optimism that the current recovery at the stock market will be sustained. Its optimism is based on the improved macroeconomic conditions and favourable global economic outlook.
NIDCOM: Stronger Nigeria-Indian diaspora partnership capable of transforming world
Mrs Abike Dabiri-Erewa, the Chairman/CEO, Nigerians in the Diaspora Commission (NIDCOM), has said that stronger partnership between intelligent Nigerians and Indians in Diaspora is capable of transforming the world.
Lebanon premier asks World Bank, IMF help with economic rescue plan
Lebanon’s caretaker prime minister Thursday asked international funding bodies for support in drawing up an emergency rescue plan for his protest-wracked country.
Central bank: 40 per cent of foreign credits in Nigeria’s economy dangerous
The Central Bank of Nigeria (CBN) has revealed that 40 per cent of the total credits available in the economy, especially in the capital and money markets are from foreign holdings.
US court acquits Lebanese businessman in Mozambique fraud scandal
Bribery accused Lebanese businessman Jean Boutsani was on Monday acquitted by a US court in a case that plunged Mozambique into its worst-ever financial crisis following a trial which he implicated the country's president, Filipe Nyusi.
ASUU: No going back on our rejection of IPPIS
The Academic Staff Union of Universities (ASUU) said on Wednesday there is no going back on its rejection of the Federal Government’s Integrated Payroll and Personnel Information System (IPPIS).
IMF agree lending programme with DR Congo
The International Monetary Fund and Democratic Republic of Congo’s government agreed on Friday to a financial assistance package that would allow the IMF to resume lending to Congo for the first time since 2012, the two sides said.
Nigeria on steady economic growth – central bank chief
The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, said on Monday that Nigeria’s economic outlook remained positives despite the current global uncertainties.
ECB President Christine Lagarde resumes office
A new era was beginning at the European Central Bank (ECB) on Friday as Christine Lagarde takes over from Mario Draghi at the head of the central bank managing the euro, the currency of the 19-member eurozone.
IMF urges Lebanon reforms as protesters keep up pressure
The International Monetary Fund on Monday said Lebanon should urgently implement reforms to restore confidence and economic stability as protesters kept up the pressure on politicians they accuse of corruption by setting up new road blocks.
IMF: Unemployment fuels unrest in Arab states
Unemployment and sluggish economic growth are fuelling social tension and popular protests in several Arab countries, the International Monetary Fund said Monday.
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.
Nigeria’s borders must be protected – minister
Interior Minister Rauf Aregbesola has said the loyalty of Nigerians to the country is non-negotiable.
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.
Central bank, IMF disagree over impact of forex restrictions on foreign direct investment inflow
The Central Bank of Nigeria (CBN), yesterday disagreed with the position of the International Monetary Fund (IMF) on the impact of the foreign exchange (Forex) restrictions on Foreign Direct Investment (FDI) inflow into the country.
CBN and the $2.6bn or $26bn diaspora remittances
In the World Bank’s 2018 report, titled, “Nigerians Living abroad sent $22bn home in 2017”, the Bank noted that the top recipients of the Diaspora remittances in the world were India with $69bn, Chile ($64bn), Philippines $33bn, Mexico $31bn, Nigeria $22bn and Egypt $20bn
World Bank to invest $510 million in Lake Chad Basin
The World Bank is willing to invest $510m, in three tranches, in the Lake Chad Basin to address insecurity, desertification and humanitarian challenges, among others.
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.
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APC: PDP’s style of politicking a threat to democracy
The ruling All Progressives Congress (APC) has described as “worrisome, indecorous and contemptuous” actions and remarks by the leadership of the Peoples Democratic Party PDP, saying they are a threat to Nigeria’s nascent democracy.
Chelsea defender Antonio Rudiger donates $101,000 for free education in Sierra Leone
Chelsea centre-back Antonio Rudiger has donated the sum of $101,000 to support free quality education in Sierra Leone.
Supreme Court: Bauchi governor supporters storm Abuja
With the Supreme Court set to give verdict this afternoon (Monday) on the Election Appeal Petition on Bauchi State, supporters of the incumbent Governor Bala Mohammed of the Peoples Democratic Party (PDP) have “invaded” the Federal Capital Territory (FCT) in large numbers in solidarity with their Number One citizen.
FIIRO workers shut out management staff over DG’s PhD
The protest action at the Federal Institute of Industrial Research Oshodi, Lagos, over the controversial doctorate certificate of the acting Director-General, Chima Igwe, continued on Monday, with the workers shutting out all management staff of the institute.
Frank Lampard: Victor Moses will return to Chelsea
Chelsea manager Frank Lampard has confirmed that former Super Eagles forward Victor Moses will return to Stamford Bridge after the expiration of his loan deal at Fenerbahce.
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TCN restores electricity supply after system collapse
The Transmission Company of Nigeria (TCN) said the national grid has been fully restored after the system collapse which occurred on Thursday.
Gani Adams: People are envious of me
With the grandeur and enormity of power and influence that accompanies the Aare Ona-kakanfo title, the Generalissimo of Yoruba land, Iba Gani Adams declared that a lot of people are envious of him.
Senator Okorocha steals show at Governor Uzodinma’s swearing-in
Former governor of Imo State, and senator representing Imo West senatorial district, Rochas Okorocha, was the cynosure of eyes when he walked in while oat of office was being administered on Governor Hope Uzodinma.
Protests hit Nasarawa over non-compensation payment
Over 300 residents of Akurba Village in Nasarawa State Saturday staged a protest to register their dissatisfaction over purport compensation allegedly paid for their lands taken by the state government for the ongoing 33 KVA Step Down Electricity Substation Project.
NBBF: Fund won’t hinder D’Tigress
The Nigeria Basketball Federation (NBBF) has stated that the country’s female national team, the D’Tigress, would not suffer paucity of funds, as the team opens camp on February 1 in Serbia for the Tokyo 2020 Olympics qualifier championship taking place in Belgrade, Serbia from February 7 to 9.