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International Monetary Fund
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.
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 the federal government has fulfilled the conditions required for the World Bank loan.
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.
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.
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.
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.
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.
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 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.
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.
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.
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.
Activities surrounding the #ENDSARS protest may mar the already documented Nigeria’s growth projection, the International Monetary Fund has said.
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.
Election comes amid popular discontent over economic woes worsened by COVID-19 and corruption allegations.
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.
West African gold producer Ghana is preparing to elect a president on Dec. 7, in a race dubbed the “battle of two giants.”
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.
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.
Rivers United defender Ifeanyi Anaemena said his team is not down following their 1-2 loss to Futuro Kings on Saturday.
Ozoemena “Ozo” Chukwu is now the brand manager of Juventus Academy in Nigeria.
The bill entitled ‘A Bill to Establish the regulation of Ecological Fund, 2020’, states in its Part 2, section 7, that a proposed council, “Shall take custody and monitor the ecological fund for the purposes of addressing any of the following challenges: erosion, landslide, desertification, floods, oil spillage, drought and any other environmental challenges that may arise in the application of the fund”.
Taiwo Awoniyi scored his maiden goal for Union Berlin who recorded a 2-1 away win against FC Cologne.
Enugu State Fire Service is to commence a campaign on safety measures against possible fire outbreaks in the state as from Dec. 1, 2020, a statement from the Enugu State Chief Fire Officer, Mr Okwudiri Ohaa, said in Enugu on Saturday.
Gunmen suspected to be kidnappers reportedly stormed Yolde Pate community in Yola South local government area of Adamawa State, and whisked away the wife and son of a police officer (names withheld) just as a local vigilante member barely escaped.