International Monetary Fund
IMF wants world’s longest-serving ruler to declare his assets for a bailout
Equatorial Guinea’s leader Teodoro Obiang Nguema Mbasogo, the world’s longest-serving president, should declare his assets before the nation receives more financial support, according to the 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.
Recent Stories
Federal government signs MoU with IBM for digital skills development
The Minister of Communications and Digital Economy, Dr Isa Pantami, has signed a Memorandum of Understanding (MoU) on behalf of the Federal Government with Tech giant, International Business Machines (IBM) West Africa, for partnership and collaboration in the area of Digital Skills development in Nigeria.
PDP, APC governors bicker over supreme court judgment in Imo
The opposition Peoples Democratic Party (PDP) and governors elected on the platform of the All Progressives Congress (APC) were, at the weekend, locked in a verbal duel over the Supreme Court judgment which replaced PDP’s Emeka Ihedioha with APC’s Hope Uzodinma as governor of Imo State.
Niger Delta abandoned projects: We’ll recover all money paid to contractors – Senator Akpabio
The Minister of Niger Delta Affairs, Senator Godswill Akpabio, has reiterated the government’s determination to recover every money paid to contractors on all abandoned projects by the Niger Delta Development Commission (NDDC)
Anambra to produce foreign melon
The ADP said students of crop science of Nnamdi Azikiwe University Awka are set to partner Anambra State Agricultural Development Programme to produce Indian melon, sweet melon and a host of other foreign melon for local and international markets and for revenue generation.
UNICEF to immunize two million against yellow fever in Ekiti
In a bid to arrest the spread of yellow fever killer disease in Ekiti State, the United Nations Children’s Fund (UNICEF), has expressed its readiness to Immunize two million persons in the state to protect the population from the scourge.
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Plateau government to spend N1 billion on election in four local councils
Plateau State Government has budgeted the sum of N1 billion for the acquisition of election materials for local government election in four council areas where elections were suspended last year due to insecurity.
Tottenham overtake Arsenal, Chelsea to become London’s highest earning club
Tottenham Hotspur have climbed above city rivals Arsenal and Chelsea to become the highest-earning club in London. This is according to new edition of the Deloitte Money League world which was recently published.
Man bags two weeks imprisonment for receiving calls in court
A High Court in Ilorin on Tuesday sentenced a man, Abdulwahab Adebayo, to two weeks in a correctional facility for receiving phone calls during court proceedings.
2023: President Buhari hints at handing over ‘quietly’ to successor
He also declared that as a beneficiary of a free and fair election in the country, he would bequeath the same to his successor and the nation in 2023.
Group threatens to sue Auchi polytechnic, issues 14 days ultimatum
A civil society organisation, the Civil Empowerment and Rule of Law Support Initiative (CERLSI), has threatened to institute legal actions against the Management of Auchi Polytechnic, Auchi if they fail to repeal the decision to revoke admission of new students of the institution.