Next IMF loan will be 'the last': Pakistan finance minister
Pakistan's finance minister promised Saturday to end the country's reliance on International Monetary Fund bailouts to shore up its shaky economy, as officials prepare to negotiate a new loan. Asad Umar's pledge comes days after Pakistan's central bank warned inflation could double in the coming year -- hitting 7.5 percent -- while the country’s growth…
Police: How we busted cyber fraud cartel
The Force Criminal Investigation and Intelligence Department (FCIID) in Alagbon, Ikoyi, yesterday, said forensic experts aided detectives in the clampdown...
Don’t float $2.8bn Eurobond, Ezekwesili tells FG
A former Vice-President (Africa) of World Bank, Mrs Oby Ezekwesili, has advised the Federal Government to suspend its plan to raise 2.8 billion dollars in Eurobond to fund the 2018 budget. Ezekwesili, who was a former Minister of Education, gave the advice while speaking to newsmen in Lagos. The News Agency of Nigeria (NAN) reports…
Window 'narrowing' for global economy, IMF warns
The window of opportunity for safeguarding global growth is "narrowing" as trade disputes deepen and emerging markets face fiscal crisis, the IMF said Saturday, warning countries against worsening things by weaponising currency and interest-rate policies.
Nigeria seeks advice on Illicit flows, tax evasion by multinationals
The Federal Government has taken twin issues of illicit financial flows, and tax evasion being committed by multinational companies to the international community for possible solutions that would stem the tide. However, Nigeria has been advised to evolve an efficient disaster response ready for any eventuality, as natural disasters are currently sweeping across countries, even…
Towards a more empowered economic agenda for development
Investing In Women believes in the power of collaboration and working with thought leaders. This week, Anita has invited researcher and management consultant, Carl Loof of Impeccable Collaboration (New York), as a guest contributor to share a global perspective on economic opportunities for Nigeria, through a strategy of investing in women. As one of the world’s…
Developing economies call for global action to contain risks
Volatile capital flows, foreign exchange pressures and higher borrowing costs have buffeted emerging markets as major economies have begun rolling back the very low interest rates that have prevailed since the 2008 global financial crisis.
Three dead, IMF summit shaken as strong quake hits Indonesia
An earthquake Thursday killed three people in Indonesia and rattled hotels where IMF delegates are attending a major summit, a fortnight after a quake-tsunami killed more than 2,000 elsewhere in the archipelago.
Afreximbank urges economic cooperation to counter trade uncertainties
African Export-Import Bank (Afreximbank), has called for greater cooperation among south economies to deal with the uncertainties resulting from the current global trade environment.
IMF warns Nigeria of debt crisis, urges diversification
The International Monetary Fund (IMF) yesterday warned Nigeria and Sub-Saharan African economies to check rising levels of debts, diversify their revenue bases or face crisis...