Monday, February 15, 2021



Dangote Refinery can bail Nigeria out of economic recession – IMF

The International Monetary Fund, IMF, the global financial watchdog, is projecting that Nigeria's Dangote Refinery would provide an elixir for the country's economy when it is completed and start production by 2022.

Pantami’s dilemma, by Gimba Kakanda 

Behind Nigeria’s problems, over the decades, have been the conspiracies of successive political elites to inflate and politicize population data for partisan agenda.

We‘ll not to be distracted by PDP’s ranting – APC  

The All Progressives Congress, APC, says it will not to be distracted from its focus of delivering its campaign promises to Nigerians in spite of the numerous challenges.

GDP: IMF ranks Nigeria 1st in Africa, 26th in the world

Nigeria stands as the number one country in Africa in the International Monetary Fund, IMF, 2020 World Economic Outlook’s ratings of countries. Using countries’ GDPs,...

COVID-19 challenges will bring new statistical demands – IMF

Tao Zhang, the Deputy Managing Director, International Monetary Fund, IMF, says challenges posed by COVID-19 pandemic and changes it has brought on the world will bring about new statistical demands.

COVID-19 plunged global economy into recession worse than Great Depression – IMF

The coronavirus pandemic will spark the worst global economic fallout since the Great Depression of the 1920s and 1930s, the International Monetary Fund, IMF, warned on Thursday.

90 countries seek emergency funds as world economy stands still – IMF

More than 90 countries have asked the International Monetary Fund, IMF, for emergency funding as the coronavirus pandemic has led to an unprecedented economic crisis, IMF chief Kristalina Georgieva said on Friday.

COVID-19: Investors pulled out over $83bn as 80 countries requesting help – IMF

The International Monetary Fund, IMF, has said at least $83bn has been pulled out of emerging economies since the Covid-19 outbreak.

Current policies haven’t made Nigerian economy better – IMF

The International Monetary Fund, IMF, has lamented that the current policies of the Nigerian government have not been to clearly move the country's economy forward. 

IMF executive board begins selection process for next MD

The Executive Board of the International Monetary Fund, IMF  has adopted an open, merit-based, and transparent process for the selection of the next managing...

IMF boss, Christine Lagarde resigns

Managing Director of the International Monetary Fund, IMF, Christine Lagarde announced in a statement on Tuesday that she has submitted her resignation from the...

IMF backs Zimbabwe’s currency reforms

The International Monetary Fund (IMF) says Zimbabwe’s currency reforms are a step in the right direction but require to be further supported by market-...

World debt hits record high of $184trn – IMF

The International Monetary Fund, IMF, has said that the world debt has hit an all-time record of $184 trillion, an upward review from the...

IMF puts global debt at $180trn

The International Monetary Fund, IMF, has put the global debt at $180 trillion, warning highly indebted emerging-markets and low-income countries against what it termed...

Nigeria’s foreign debt now $22.08bn, domestic stands at N3.48trn – Official

The National Bureau of Statistics, NBS, says the country’s foreign debt stands at 22.08billion dollars. The bureau’s “Nigerian Domestic and Foreign Debt’’ Q2 2018 report...

IMF lauds Nigeria’s exit from recession, recovery in foreign exchange reserves

IMF, however, said that though, the Nigerian economy has exited recession, it still remained fragile and susceptible to shocks.

Ghana president says ‘no reason’ to return to IMF

Ghana's President Nana Akufo-Addo on Thursday hailed the country's economic recovery and said he saw "no reason" to seek further help from the International...

IMF raises global growth forecasts, US tax cuts provide boost

Global economies are recovering simultaneously and at a stronger pace, and will get at least a short-term boost from the US tax cuts, the...

IMF urges Germany to loosen purse strings

IMF chief Christine Lagarde has joined calls on Germany to invest in future economic growth even at the cost of relaxing its cherished budgetary...

Ghana budgets $13.9bn in 2018

The Ghanaian government plans to spend 13.9 billion dollars (62 billion Ghana cedis) in the 2018 fiscal year, the country's finance minister said on...

Nigeria to exit recession this year as economy grows 0.8% – IMF

Nigeria is expected to emerge from recession this year, but threats to recovery remained elevated and the economy will not grow enough to reduce unemployment and poverty,...

Nigeria reassures on reforms to sustain economy

The Federal Government on Tuesday, promised to implement daring reforms that would revive and sustain economic growth and development in the country. The Minister of...

IMF projects 0.8% growth for Nigeria in 2017

The International Monetary Fund, IMF, says rise in oil prices, continued growth in agriculture, and big government spending will drive Nigeria’s economic growth to...

Nigeria out of recession, says World Economics

The Nigerian economy which recorded negative growth and crept into a recession in the last months has gotten out of doldrums and bounced back...

Latest news