IMF
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.
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.
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.
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.
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’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.
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.
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.
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.
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.
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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.
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.
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.
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.
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.
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Suspect: We were trained in Libya, wanted $30 million ransom for Daura’s traditional head
One of the 13 suspects, Ibrahim Abdullahi, who abducted the traditional head of Daura, Magajin Daura, Alhaji Musa Umar, has disclosed that they were trained in Libya, adding that they demanded $30 million ransom for his release.
Newcastle have deal in place for Hoffenheim’s Joelinton
While Newcastle reportedly prepare to make Steve Bruce their next manager, the Magpies will try to wrap up their first purchase of the summer window.
Serap drags senior Nigerian officials to ICC ‘for leaving 13.2 million children out of...
Socio-Economic Rights and Accountability Project (SERAP) has sent a petition to Mrs. Fatou Bensouda, Prosecutor, International Criminal Court (ICC), urging her to use her “good offices to investigate whether the problem of out-of-school children in Nigeria, and the failure of the Nigerian authorities over the years to address it amount to violence against children and crimes against humanity within the jurisdiction of the ICC.”
Afcon: Third place finish, great achievement for young Super Eagles – Alex Iwobi
Super Eagles’ midfielder Alex Iwobi has hailed the Super Eagles’ third place finish at the 2019 Africa Cup of Nations (AFCON), saying it was a great achievement for a young team.Guinea, Burundi
Rivers government moves to end terror attacks on waterways
Rivers State Deputy Governor Dr. Ipalibo Harry Banigo, has reiterated the State Government’s determination to totally terminate terror attacks on the state’s marine corridor.