Lend to, rather than borrow from IMF: A reminder
The Nigerian economy will attain Paris Club status (lender country to the International Monetary Fund, the alter ego of the World Bank) within 10 years if the country’s ample human, natural and financial resources are undeviatingly managed subject to economic best practice methods beginning from the implementation of the Federal 2017 Appropriation Act. Such a…
ABCON still worried about multiple exchange rates
The Association of Bureau De Change Operators of Nigeria (ABCON) said it is still worried by the continued multiple exchange system in the nation’s foreign exchange market.
South Africa’s new president is lifting investor sentiment: Central Bank chief
Investor sentiment and financial markets in South Africa have strengthened under the leadership of new President Cyril Ramaphosa, said the country’s Reserve Bank Governor Lesetja Kganyago.
In search of an ‘economic miracle’ Angola taps into the IMF
Angola’s finance ministry said it had requested non-financial assistance from the International Monetary Fund to help it implement economic reforms, as Africa’s second-largest crude producer continues to suffer from a lower oil price.
Ministers didn’t shun U.S.-Nigeria investment forum, says Federal Government
The Federal Government has denied media reports that ministers who were invited to the U.S.-Nigeria Investment Summit in Washington DC on April 19, 2018 shunned the forum.
IMF acknowledges CBN’s monetary policy success
The Central Bank of Nigeria (CBN) is relishing the success of its monetary policy, especially regarding the foreign exchange, as the efforts have been finally acknowledged by the international financial community.
Nigeria’s debt level under control, says Adeosun
In spite of the warning by the International Monetary Fund (IMF) that debt levels in African economies were rising, Minister of Finance, Mrs. Kemi Adeosun, yesterday said Nigeria’s debt level was still sustainable and under control.
IMF reverses oil prices downward
Hopes of the Organisation of Petroleum Exporting Countries (OPEC) ever witnessing an oil price of $100 per barrels has been dimmed by the latest forecast from the International Monetary Fund (IMF), which expects crude oil prices to drop from the projected $62.31 per barrel to $58 a barrels in 2019.
Ghana has just been knocked out of pole position as Africa’s fastest growing economy
Global growth will keep a steady pace this year and next, buoyed by stronger trade and U.S. fiscal stimulus that will fade by the early 2020s, while increased tariffs could damage market confidence and output, the International Monetary Fund said on Tuesday.