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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.
The International Monetary Fund (IMF) has backed Nigeria’s closure of its borders with some neighbouring countries over issues bordering on illegal trade.

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.
The International Monetary Fund (IMF) has backed Nigeria’s closure of its borders with some neighbouring countries over issues bordering on illegal trade.

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.
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.
The Minister of Interior, Ogbeni Rauf Aregbosola, says that the loyalty of Nigerians to the country is non negotiable.

Nigeria’s borders must be protected – minister

Interior Minister Rauf Aregbesola has said the loyalty of Nigerians to the country is non-negotiable.
The International Monetary Fund (IMF) has backed Nigeria’s closure of its borders with some neighbouring countries over issues bordering on illegal trade.

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.

CBN: Forex restrictions not impeding FDIs

The Central Bank of Nigeria Governor, Mr. Godwin Emefiele, on Sunday disagreed with the International Monetary Fund (IMF) that foreign exchange restrictions place on some items in the official forex market was impeding the flow of foreign direct investments (FDIs) in the country.

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.
Former IMF chief Christine Lagarde said President Donald Trump’s trade offensive against China could slash global economic growth and she critiqued his Twitter habits in an interview with US television program 60 Minutes.

Former IMF chief takes swipe at Donald Trump’s Twitter habits

Former IMF chief Christine Lagarde said President Donald Trump’s trade offensive against China could slash global economic growth and she critiqued his Twitter habits in an interview with US television program 60 Minutes.
The International Monetary Fund (IMF) has backed Nigeria’s closure of its borders with some neighbouring countries over issues bordering on illegal trade.

IMF backs Nigeria on border closure

The International Monetary Fund has backed Nigeria’s closure of its borders with some neighbouring countries over issues bordering on illegal trade.
The minister of Finance, Budget and National Planning Mrs Zainab Ahmed disclosed this on Tuesday during her maiden meeting with top officials of the two merged ministries at the headquarters of Budget and National Planning in Abuja.

Revenue generation not behind border closure – minister

The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said the temporary closure of Nigeria’s land borders with her neigbours is not to induce revenue generation.

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).

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An Air Peace flight from Port Harcourt to Lagos experienced a hard landing which caused a tyre burst and damage to the aircraft’s nose wheel at the Murtala Muhammed International Airport (MMIA) in Ikeja Lagos. The aircraft with 133 passengers and six crew members after making emergency landing reportedly veered off the runway on 18R. Photo: Abdullateef Aliyu, Lagos 23/7/19

Accident bureau releases report on incidents involving Air Peace aircrafts

Accident Investigation Bureau (AIB) Nigeria has released the preliminary reports on the incidents involving three aircraft, two B737-300s with tail number 5N-BUK and 5N-BQO and a B737-500 with registration 5N-BRN owned and operated by Air Peace and has issued safety recommendations.
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Nigeria came from behind to get their 2021 Africa Cup of Nations qualifying campaign to a positive start with a 2-1 Group L win over Benin at Akwa Ibom Stadium in Uyo. 3

AFCONQ: Super Eagles to hit Maseru by chartered flight

Nigeria’s Super Eagles are expected to storm Maseru, Moshoeshoe International Airport on Friday through a chartered flight to keep a date with Lesotho in the AFCON 2021 qualifiers on Sunday.
Adegboyega Oyetola

Osun governor presents 119.5 billion budget for 2020

Gov. Gboyega Oyetola of Osun State on Thursday presented a N119.5 billion budget to the state House of Assembly for the 2020 fiscal year.
Former World Cup and Champions League-winning coach Marcello Lippi has announced his resignation as manager of the Chinese national team after a World Cup qualifying defeat to Syria.

World Cup winner Marcello Lippi resigns from China managerial role

Former World Cup and Champions League-winning coach Marcello Lippi has announced his resignation as manager of the Chinese national team after a World Cup qualifying defeat to Syria.