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International Monetary Fund

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.
Hassan Rouhani said Sunday Iran extends its “hand of friendship and brotherhood” toward cooperating with regional nations.

Iran unveils budget of ‘resistance’ against US sanctions

Iran’s President Hassan Rouhani on Sunday presented to parliament what he called a “budget of resistance” against crippling sanctions imposed by arch-enemy the United States.

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).

ECB chief tells Europe to ‘innovate and invest’

Christine Lagarde on Friday urged European countries to “innovate and invest” more to support growth at a time of global uncertainty, in her first major policy speech as president of the European Central Bank.
Timo Olkkonen, the EU’s ambassador in Harare, told acting foreign affairs minister July Moyo and his team at the start of the talks that reforms and inclusive political dialogue would also help with Zimbabwe’s economic recovery.

EU expresses worry over political developments in Zimbabwe

The European Union is concerned that the democratic space in Zimbabwe has deteriorated since it opened talks with Harare in June for the first time since 2001 in a bid to turn the page on years of hostile relations.
The International Monetary Fund (IMF) has backed Nigeria’s closure of its borders with some neighbouring countries over issues bordering on illegal trade.

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.
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.
President of the African Development Bank (AfDB), Dr Akinwunmi Adesina, has said that Nigeria needs to evolve a more effective tariff structure in order to achieve steady electricity supply.

Akinwumi Adesina: I don’t believe in youth empowerment

The President of the African Development Bank, Dr Akinwumi Adesina, has disagreed with many who believe in youth empowerment. He said that youth investment is the only key to unlock the envisioned potentials of youth.
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.

Stress test: Nigerian banking sector remain strong – central bank governor

The Governor of Central Bank of Nigeria, Mr Godwin Emefiele on Sunday said that the Nigerian banking sector is strong in spite of the fact that some banks failed its stress test.

Lebanese protesters vow to stay in the streets

Anti-austerity protesters vowed to stay in the streets across Lebanon for a fifth straight day on Monday.
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.

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The National Identity Management Commission (NIMC) says it has over 700,000 National e-ID cards yet to be collected by Nigerians from its offices nationwide.

NIMC extends diaspora enrolment to Togo, Niger, Ivory Coast

The National Identity Management Commission (NIMC) has extended the enrolment of Nigerians living in the Diaspora into the National Identity Database to Togo, Niger Republic, Ivory Coast and the Republic of Ireland.

NIS explains visa on arrival policy

The Comptroller General, Nigeria Immigration Service (NIS), Muhammed Babandede, has said the visa on arrival for holders of passports of African countries from January 2020 is to accelerate African Integration.
Governor David Nweze Umahi

Ebonyi governor presents 2020 Appropriation Bill of N178.1 billion

Governor David Umahi of Ebonyi State on Friday presented the year 2020 Appropriation Bill of N178.1 billion before the state House of Assembly.
Kidnap Victim

Abductors of pregnant woman, nine-year-old girl demand N30 million

Abductors of the pregnant woman identified as Mrs Okeke who was abducted by gunmen with two other children aged 9 and 12 in their homes in the Juji area of Kaduna have made a demand of N10 million for each of their victims.

Kogi PDP guber ticket: Court to rule on motion for joinder

Those hoping for an early resolution of the controversy over the rightful owner of the Kogi People’s Democratic Party, PDP Governorship ticket have had their waiting time extended.