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Inflation in Sudan has risen to one of the highest levels in the world, and the country risks slipping into hyperinflation unless it gets its budget deficit and money supply under control, economists say.

Sudan inflation soars, raising spectre of hyperinflation

Inflation in Sudan has risen to one of the highest levels in the world, and the country risks slipping into hyperinflation unless it gets its budget deficit and money supply under control, economists say.
Ifueko Omoigui Okauru

Ifueko Okauru: How we reformed FIRS, grew Nigeria’s revenues

Between 2004 and 2012, Ifueko Omogui Okauru led a revolutionary campaign in the Federal Inland Revenue Service (FIRS). Under her leadership during the period, FIRS witnessed extensive reforms and fundamental transformation.
Zainab Ahmed, the minister of finance, budget and national planning, says state and local governments share some of the responsibility to fix roads in Nigeria.

Minister: Nigeria has fulfilled all conditions for $1.5 billion World Bank loan

Zainab Ahmed, the minister of finance, budget and national planning, says the federal government has fulfilled the conditions required for the World Bank loan.
Ahmed Idris, the Accountant-General of the Federation (AGF)

Nigerian government deploys treasury directors in NNPC, others

The FGOEs affected included the Nigerian National Petroleum Corporation (NNPC), the Nigeria Communication Commission (NCC), Nigeria Ports Authority, Federal Inland Revenue Service, Nigeria Customs Service, Nigeria Maritime Administration Agency, Department of Petroleum Resources, Corporate Affairs Commission, the Federal Airport Authority of Nigeria, and Nigeria Shippers’ Council.
Acting Finance Minister of Finance Zainab Ahmed

TSA: Nigeria saves N45 billion monthly, signs MoU with Gambia

The implementation of the Treasury Single Account (TSA), has been of immense benefit to the country as the Federal Government now saves an average of N45 billion monthly in interest payments.

IMF: 83 countries benefited from $165 billion loans in 2020

The International Monetary Fund (IMF) says it loaned 83 countries the sum of $165 billion including $16.1 billion in concessional financing to 49 low-income countries in 2020.
A man is silhouetted against the logo of the World Bank at the main venue for the International Monetary Fund (IMF) and World Bank annual meeting in Tokyo. REUTERS-Kim Kyung-Hoon

IMF projects 10.4% contraction in global trade, difficult economic recovery

In the just-released biannual World Economic Outlook (WEO) report, the IMF also revealed that foreign direct investment flows as a share of global gross domestic product are well below their pre-pandemic levels, and are expected to remain as such in the near future.
The IMF warned in 2018 that Zambia was at high risk of debt distress.

Zambia nears default with bondholders set to refuse relief

A key bondholder group is set to reject Zambia's request for an interest-payment holiday, putting the country on course to become the first African sovereign defaulter since the onset of the coronavirus pandemic.
A man is silhouetted against the logo of the World Bank at the main venue for the International Monetary Fund (IMF) and World Bank annual meeting in Tokyo. REUTERS-Kim Kyung-Hoon

World Bank-IMF annual meetings in Morocco postponed until 2022

The Annual Meetings of the World Bank Group and the International Monetary Fund (IMF) scheduled to take place in Marrakesh, Morocco, in October 2021 has been postponed by 12 months until 2022 due to the COVID-19 pandemic.
The logo of the International Monetary Fund (IMF), is seen during a news conference in Santiago, Chile, July 23, 2019. REUTERS-Rodrigo Garrido

IMF: Coronavirus‘ll widen gap between rich and poor

The COVID-19 pandemic will widen the gap between the rich and the poor, especially in the emerging markets and developing economies, the International Monetary Fund (IMF) has said.
Voters in the Seychelles elected a new president as Wavel Ramkalawan defeated the incumbent in his sixth leadership attempt.

Seychelles opposition wins presidency for first time in 43 years

The Seychelles elected an opposition candidate as president for the first time since 1977, authorities announced on Sunday, and winner Wavel Ramkalawan reaffirmed a pledge to hike the minimum wage after COVID-19 stifled the tourism-dependent economy.
A man is silhouetted against the logo of the World Bank at the main venue for the International Monetary Fund (IMF) and World Bank annual meeting in Tokyo. REUTERS-Kim Kyung-Hoon

World Bank, IMF charged on economic transformation

The Development Committee of the World Bank Group (WBG) and International Monetary Fund (IMF) for Annual Meetings 2020 has called on the multilateral organisations to support and accelerate a resilient recovery centered on jobs and economic transformation.
Zainab Ahmed, the minister of finance, budget and national planning, says state and local governments share some of the responsibility to fix roads in Nigeria.

Nigeria seeks global support to upgrade African digital space

Nigeria, on behalf of Angola and South Africa Constituency, has called for global solidarity in upgrading the digital space in Africa so that the continent can benefit from new jobs.
The Corporate Accountability and Public Participation Africa (CAPPA) has called for an international inquiry into the killing and maiming of peaceful #ENDSARS protesters at Lekki Toll Gate, Lagos, on Tuesday.

IMF: #EndSARS protest may mar Nigeria’s growth projection

Activities surrounding the #ENDSARS protest may mar the already documented Nigeria’s growth projection, the International Monetary Fund has said.

IMF: Sub-Saharan Africa economy will recover by 3.1% in 2021

The International Monetary Fund (IMF), says economic activity in sub-Saharan Africa is projected to recover by 3.1 per cent in 2021 after declining by 3.0 per cent in 2020.

IMF: Nigeria debt-GDP ratio to hit 68 percent

Sub-saharan Africa faces a huge challenge, made worse by the coronavirus pandemic, to find nearly $900 billion to repay massive debt and fund essential public spending, the International Monetary Fund (IMF) warned Thursday.
Jordan’s King Abdullah has dissolved parliament, paving the way for an election in November.

Jordan’s monarch dissolves parliament ahead of November election

Election comes amid popular discontent over economic woes worsened by COVID-19 and corruption allegations.
Vice-President of the CNSP (National Committee for the Salvation of the People) Colonel Malick Diaw (C) takes a seat with other military leaders during the opening of two days of talks aimed at validating the terms of reference for a transitional government in Mali, on September 5, 2020, in Bamako. (Photo by MICHELE CATTANI / AFP)

Mali faces recession after coup

Mali faces mountainous economic and political challenges more than a month after the military coup that toppled president Ibrahim Boubacar Keita, analysts say.

Recent Stories

#EndSARS: Edo lawyer wants judicial panel of enquiry on police attacks

An Edo state-based lawyer and notary public, Olayiwola Afolabi, has called on the federal government to institute a judicial panel of inquiry to investigate attacks on police officers by suspected hoodlums during the #EndSARS protest that went violent leading to the destruction of properties and loss of lives across the country.
Incumbent Nana Addo Akufo-Addo of the ruling New Patriotic Party (NPP) will face former president John Dramani Mahama, leader of the National Democratic Congress (NDC).

Ghana to elect president in ‘battle of two giants’

West African gold producer Ghana is preparing to elect a president on Dec. 7, in a race dubbed the “battle of two giants.”
MultiChoice Nigeria has announced that it is bringing back the popular music reality show, Nigerian Idol.

MultiChoice back with music reality show Nigerian Idol

After a three-year hiatus, Nigerian Idol will return with season six to unearth some of the best musical talents the country has to offer. The Idol franchise has over the years produced some of the biggest Nigerian singer such as Timi Dakolo, Mercy Chinwo, and Omawumi who have gone ahead to make a name for themselves in the global music scene.
Napoli will unveil a new fourth kit that pays tribute to Diego Maradona, four days on from the club legend's death.

Napoli unveil Diego Maradona-inspired tribute kit vs Roma

Although coach of Argentinian side Gimnasia y Esgrima La Plata at the time of his death, Maradona was more renowned for his remarkable playing career, during which he inspired his country to 1986 World Cup success and also played for Argentinos Juniors, Boca Juniors, Barcelona, Napoli and Sevilla.
Defender Ifeanyi Anaemena said Rivers United are ready for the match against Futuro Kings of Equatorial Guinea in Saturday’s CAF Confederation’s cup preliminary round 1st leg match.

Ifeanyi Anaemena: Rivers United will bounce back from Futuro Kings defeat

Rivers United defender Ifeanyi Anaemena said his team is not down following their 1-2 loss to Futuro Kings on Saturday.