Emefiele, Elumelu, IMF for market dealers’ confab
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele; Chairman of UBA, Heirs Holdings and Transcorp, Tony Elumelu; and the Country Chief, International Monetary Fund...
Imran Khan vows change in first address as Pakistan PM
Imran Khan made his first speech as Pakistan's prime minister late Sunday, giving a wide-ranging, televised address in which he announced reforms targeting corruption...
IMF warns China against aggressive economic stimulus
China must resist taking aggressive stimulus steps as it navigates troubled economic waters as they could add to excessive debt levels leading to an "abrupt adjustment", the International Monetary Fund said Friday.
‘Lower purchasing power, fund costs, credit risks challenge economy’
It is not yet over, according to the officials of the International Monetary Fund (IMF), who came to Nigeria on economic assessment, as the touted non-oil sector and consumer purchasing power were rated low, while risks against banks’ lending and interest payment on debts remain elevated. Led by the Senior Resident Representative and Mission…
Truth cannot be extinguished
It is not in my nature to be alarmist; not even when I receive death-threat calls from anonymous callers. But recent events have caused me to be convinced, more than ever before, that there is cause for Nigerians to be very concerned about the fate of the national currency, the naira.
IMF official, experts urge govt to step up policy implementation
Nigeria must step up the implementation of its acclaimed policies now that oil prices have presented a favourable opportunity, as well as review others urgently, if the quest for growth and sustainability are to be achieved.
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.
MPC meetings and economic progress
At the 260th meeting of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria which held on April 3-4, 2018, the reconstituted MPC sadly fell into the rut left by its predecessors...