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.
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.
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.
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.
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.
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.
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.
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.
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.
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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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.
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.
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.
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Future of Brexit at stake in Britain election
Voters in Britain are casting ballots Thursday in an early general election that may bring a long-awaited resolution to the departure from the European Union they approved in a 2016 referendum.
Cleric urges leaders to stop telling lies
The General Overseer of Faith Revival Apostolic Church (FRAC), Apostle Paul Adenuga, has urged political and religious leaders to discourage lies and other forms of corruption, to allow God save the country from its abysmal descent to worthlessness.’
Federal government tasks universities on ethics, frowns at sexual harassment of students
The Federal Government has admonished governing councils and managements of the nation’s universities to formulate policies and regulations that would guard against unethical academic activities, sexual harassment as well as establishing a code of ethics for staff.
FAAN denies banning Uber, Bolt at airports
The Management of Federal Airports Authority of Nigeria said it did not ban Uber, Bolt and others at Lagos and other airports in the country.
How to boost cyber security – experts
Stakeholders the Nigerian cyber security space under the aegis of the Information Security Society of Africa-Nigeria (ISSAN) have called for collaborations in boosting cyber security in the country.