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IMF: Nigeria needs total implementation of economic plan

The Senior Resident Representative and Mission Chief for Nigeria Africa Department, International Monetary Fund (IMF), Amine Mati, has called on the federal government to begin the in earnest the implementation of the Economic Recovery and Growth Plan (ERGP) in order to achieve a higher economic growth this year.

IMF raises alarm as banks take N2.4 trillion central bank loans in 3 months

International Monetary Fund (IMF) has cautioned against rising risks in the banking sector leading to banks borrowing a total of N2.496 trillion from Central Bank of Nigeria (CBN) during the last three months of 2017 according to data obtained from the apex bank at the weekend.

IMF chief Christine Lagarde calls for crackdown on bitcoin criminals

The managing director of the International Monetary Fund (IMF), Christine Lagarde, has called for a crackdown on the misuse of cryptocurrencies like bitcoin by using the blockchain technology behind the digital currency to fight the criminals.

Report: Ghana set to become world’s fastest-growing economy

Ghana is poised to become the fastest growing economy in the world with the recent boost in the nation’s oil revenue.

IMF lauds Nigeria’s strong recovery in foreign exchange reserves

The International Monetary Fund (IMF) on Wednesday welcomed Nigeria’s exit from economic recession and lauded its strong recovery in foreign exchange reserves.

IMF advises Nigeria to increase monetary policy rate, excise tax

The International Monetary Fund (IMF) has advised that Nigeria increase excise tax and monetary policy rate as parts of efforts being made to strengthen the economy.

IMF: Nigeria out of recession

The International Monetary Fund (IMF) on Wednesday welcomed Nigeria’s exit from economic recession and lauded its strong recovery in foreign exchange reserves.

IMF seeks confirmation of MPC members, CBN directors

International Monetary Fund, IMF, has advised Nigeria to confirm the appointments of the Central Bank of Nigeria’s (CBN’s) board of directors and members of the Monetary Policy Committee (MPC).

Nigerians are getting poorer – IMF

The International Monetary Fund (IMF) says Nigerians are getting poorer and that “coherent and comprehensive” economic reforms are urgently needed in the country.

IMF: Nigeria will ‘muddle through’ with economic policies in medium term

The International Monetary Fund projects that Nigeria will “muddle through” with its economic policies in the medium term, according to a report seen by Reuters on Wednesday.

Senate: Why Nigeria must stop borrowing to fund budget

Nigeria needs to lower its debt profile in order to make financial resources available for priority projects, the Senate Committee on Local and Foreign Debts has posited.

Hassan Sunmonu: President Buhari’s technocrats are turning Nigerians to slaves

As the Nigeria Labour Congress, NLC, marks its 40th anniversary, the pioneer President of the labour movement, Comrade Hassan Sunmonu, has taken a swipe at the ministers and special advisers of President Muhammadu Buhari, alleged that they were bereft of ideas and innovation.

Nigeria’s economy grew 1.92 pct in Q4 2017

Nigeria's economy grew 1.92 percent in the last quarter of 2017 compared with a 1.73 percent contraction in the same period of the previous year, the National Bureau of Statistics said on Tuesday.

Chad and Glencore agree to restructure $1bn oil loan

Chad announced on Wednesday it had struck a deal with Swiss mining giant Glencore to restructure debt of more than $1bn from a cash-for-crude-oil loan.

Minister Kemi Adeosun seeks global cooperation against tax-evading multinationals

Nigeria’s Minister of Finance, Kemi Adeosun, has called for the designation of tax malpractices by multinational corporations in Nigeria and other developing countries as ‘foreign corrupt practices’.

Zambia’s latest borrowing plans unsustainable – IMF

International Monetary Fund (IMF) has rejected Zambia’s latest borrowing plans, saying it risks undermining the nation’s debt sustainability, the lender said on Friday.

Ex-Central bank deputy chief Kingsley Moghalu to deliver lecture at UNN

The president of the Institute for Governance and Economic Transformation (IGET) and former deputy governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu, will be the guest speaker for the 2018 annual public lecture of economics department of the University of Nigeria (UNN), Nsukka.

IMF chief urges Arab states to slash spending

IMF chief Christine Lagarde on Saturday urged Arab countries to slash public wages and subsidies in order to rein in spending, achieve sustainable growth and create jobs.

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NSE: Trading sustains positive trend, up by 0.31 per cent

Activities on the Nigerian Stock Exchange (NSE) extended a positive trend on Tuesday with key market indices appreciating further by 0.31 per cent.

NUC: 32 universities involved in research to tackle impacts of coronavirus

The Executive Secretary, National Universities Commission (NUC), Prof. Abubakar Rasheed, says 32 federal, state and private universities across all geopolitical zones are involved in different stages of research toward tackling direct and collateral impacts of COVID-19.