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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).

IMF cuts 2019 global growth estimate to 3 percent

The world economy is slowing to its weakest pace since the global financial crisis, amid continuing trade conflicts that have undercut business confidence and investment, the IMF said Tuesday.
Ecuador's president and indigenous leaders reached an agreement Sunday to end nearly two weeks of violent protests against austerity measures adopted to obtain a multi-billion-dollar loan from the IMF.

Ecuador government, protesters agree deal to end deadly unrest

Ecuador's president and indigenous leaders reached an agreement Sunday to end nearly two weeks of violent protests against austerity measures adopted to obtain a multi-billion-dollar loan from the IMF.
Egyptian pound

Egypt’s annual urban consumer inflation falls to 4.8% in September as reforms bite

Egypt’s annual urban consumer price inflation decreased to 4.8 per cent in September from 7.5 per cent in August, the statistics office said on Thursday.

IMF advises Nigeria on reducing vulnerabilities, boosting growth

The International Monetary Fund (IMF) has advised the federal government to take action on a coherent and coordinated set of policies to urgently reduce vulnerabilities and increase growth over the medium term.
President Muhammadu Buhari Wednesday in Abuja administered oaths of office on members of the newly constituted Presidential Economic Advisory Council (PEAC), and also set an agenda of what they should accomplish in the shortest possible time. 3

President Buhari rejects World Bank, IMF statistics on Nigeria

President Muhammadu Buhari yesterday rejected statistics by the World Bank and the International Monetary Fund on Nigeria’s economy.
President Muhammadu Buhari Wednesday in Abuja administered oaths of office on members of the newly constituted Presidential Economic Advisory Council (PEAC), and also set an agenda of what they should accomplish in the shortest possible time. 4

President Buhari: Multi-million dollars spent on IDPs not impactful

President Muhammadu Buhari says the impact of hundreds of millions of dollars which international organisations claimed to have been spent on the Internally Displaced Persons (IDPs) in the North East is “rarely” seen on ground.
President Muhammadu Buhari Wednesday in Abuja administered oaths of office on members of the newly constituted Presidential Economic Advisory Council (PEAC), and also set an agenda of what they should accomplish in the shortest possible time. 1

President Buhari urges economic council to brainstorm on how best to move economy forward

President Muhammadu Buhari on Wednesday in Abuja administered oaths of office on members of the newly constituted Presidential Economic Advisory Council (PEAC).
In his first official reaction in an address before parliament, Prime Minister Mostafa Madbouli denounced the protests as part of an external "brutal war" designed to create "confusion". He also warned of the dangers of any future large-scale dissent.

Egypt will not allow protesters to spread ‘chaos’ – prime minister

Egypt's prime minister warned on Tuesday his government would not allow protesters to spread "chaos" after small rallies erupted against President Abdel Fattah al-Sisi last month.
Jordan's government said it has reached a pay deal with the teachers union to end a one-month strike, the country's longest public sector strike that disrupted schooling for more than 1.5 million students.

Teachers end four-week strike in pay deal with government

Jordan's government said it has reached a pay deal with the teachers union to end a one-month strike, the country's longest public sector strike that disrupted schooling for more than 1.5 million students.
Ukrainian top security adviser Oleksandr Danylyuk announced his resignation on Friday in a new setback for President Volodymyr Zelensky, caught in a global scandal after a controversial phone call with Donald Trump.

Trump-Ukraine call: President Zelensky’s top security adviser resigns

Ukrainian top security adviser Oleksandr Danylyuk announced his resignation on Friday in a new setback for President Volodymyr Zelensky, caught in a global scandal after a controversial phone call with Donald Trump.
Human Rights Watch - HRW

HRW: Nearly 2, 000 arrests in Egypt crackdown

Egypt has arrested nearly 2 000 people in what may be its biggest crackdown since the aftermath of the 2013 ouster of Islamist president Mohamed Morsi, Human Rights Watch (HRW) said on Friday.
The Nigerian Financial Intelligence Unit (NFIU) has disclaimed reports that it requested the bank account details of officers of the national assembly and the judiciary.

Wealthy Nigerians on edge over NFIU searchlight

Recalcitrant tax defaulters, high-end politicians, top civil servants, businessmen and other wealthy Nigerians with questionable sources of income are now in panic mode as the Nigerian Financial Intelligence Unit (NFIU) and other anti-graft agencies began beaming their searchlight on them in line with the Federal Government’s effort to retrieve state funds tallegedly siphoned in shady transactions.
West African leaders meeting in Burkina Faso have announced a one-billion-dollar plan to combat rising insecurity in the Sahel region.

West African leaders pledge $1bn to fight armed groups

West African leaders meeting in Burkina Faso have announced a one-billion-dollar plan to combat rising insecurity in the Sahel region.
Bank of Zambia

Zambia central bank, government disagree over public debt

Zambia’s central bank said on Wednesday it opposed government moves to remove lawmakers’ oversight over acquiring more public debt.

Recent Stories

Saudi Aramco’s multibillion-dollar share sale, likely the biggest initial public offering (IPO) in history, is officially underway after the company formally announced its plans to list stock on the Kingdom’s stock exchange, the Saudi Tadawul.

Saudi Aramco shares jump 10% on stock market debut

Saudi Aramco shares surged the maximum permitted 10% above their initial public offering (IPO) price on their Riyadh stock market debut on Wednesday, closing in on the $2 trillion valuation long sought by Saudi Crown Prince Mohammed bin Salman.

Simba lifts 2019 Nigeria Golf Cup

As part of its support to the 2019 Nigeria Cup golf tournament held at Ikoyi Club, the winner of the tournament, Zehi Harald, has been presented with Luminous Regalia by Simba Group.
Al-Shabab fighters stormed a Somali government building in Mogadishu on Saturday, with at least four people killed in the suicide car bomb attack by the armed group and an ensuing gunfight.

Five killed in jihadist attack on Somali hotel

Five people including three civilians were killed when jihadist militants stormed a hotel in Somalia’s capital, police said Wednesday, adding that all five attackers had also died after an hours-long siege.
FIFA president Gianni Infantino has called for new, stronger and more effective ways to eradicate racism in football in the wake of England players suffering abuse in Bulgaria.

Gianni Infantino canvasses against corruption

Gianni Infantino, President of the world football governing body (FIFA), has called for concerted efforts from all stakeholders if the battle against corruption is to be won.
Premier League campaigners Arsenal are immediately entering talks with Carlo Ancelotti after his sacking by Napoli.

EPL giants commence talks with Carlo Ancelotti after Napoli sacking

Premier League campaigners Arsenal are immediately entering talks with Carlo Ancelotti after his sacking by Napoli.