IMF
1 Feb
Prices spiked more than six percent in Sri Lanka last month after it hiked taxes in line with IMF conditions to maintain a $2.9 billion bailout loan, official data showed Thursday.
31 Jan
The International Monetary Fund (IMF) has slashed its forecast for Nigeria's economic growth for 2024 from 3.1 per cent to three per cent. The IMF stated this in its revised World Economic Outlook for 2024 and 2025.
30 Jan
The IMF announced Tuesday it has raised its 2024 global growth forecast to 3.1 percent, citing unexpected resilience in major advanced and emerging market economies around the world, including the United States and China.
26 Jan
A sustainable economic growth rate that could push up the output by 3.1 per cent is possible this year. But it will require a “balancing ambitious fiscal reforms”, PwC has noted in its Nigeria Economic Outlook 2024 released yesterday.
16 Jan
The International Monetary Fund (IMF) said almost 40 per cent of jobs globally will be influenced by artificial intelligence (AI), saying advanced economies are expected to experience a higher impact compared to emerging markets and low-income countries.
15 Jan
The year ahead will be "very tough" for fiscal policy -- especially for countries holding elections -- the IMF chief told AFP before departing for the World Economic Forum in Davos, Switzerland
12 Jan
The IMF's executive board approved an immediate disbursement of around $700 million for Pakistan on Thursday as part of a program to support the cash-strapped South Asian country through an economic crisis.
9 Jan
While the International Monetary Fund (IMF) debt sustainability analysis as of February 2021 shows that the majority of countries in West Africa have remained in moderate debt distress, a further analysis indicates that debt accumulation prior to the outbreak of COVID-19 outpaces the ability of growth performance to support debt servicing.
8 Jan
In 2024, President Bola Tinubu’s International Monetary Fund (IMF) recommended fiscal and monetary policies will intensify the hunger in the land. After the N28 trillion padded 2024 budget was signed by Tinubu, the Minister of Finance and Coordinating Minister of the Economy
21 Dec
Nigeria’s public debt hit N87.91 trillion at the end of the third quarter of 2023, following a marginal increase from the N87.38 trillion it was in the second quarter.
18 Dec
Chairman, Board of Trustees (BOT) of the Centre for Transparency Advocacy, Dr Chima Amadi, has said economic remedies from International Monetary Fund (IMF) and World Bank cannot revive Nigeria’s economy.
15 Dec
The Nigeria Labour Congress (NLC) on Friday strongly condemned the World Bank’s recommendation to the Federal Government to increase the price of a litre of fuel from N600 to N750. NLC in a statement said the call by the World Bank's recommendation is a threat to Nigeria's economy as a whole. "We vehemently reject the…
Latest
1 day ago
Tanzania has shut down five hydroelectric stations to reduce excess electricity in the national grid, the prime minister Kassim Majaliwa has said. According to Majaliwa, the main plant, Mwalimu Nyerere Hydroelectric Station, has alone generated enough electricity to power major cities. Among the cities that are being powered is Dar es Salaam, the country’s commercial…
1 day ago
Everton secured their first win in a Merseyside derby at Goodison Park since 2010 to leave Liverpool's Premier League title aspirations in ruins after a 2-0 defeat on Wednesday.
1 day ago
KPMG has announced the cancellation of job offers to some foreign graduates in the United Kingdom (UK). KPMG took this step following the decision of the UK government to tighten visa rules for overseas workers in a bid to cut record immigration. The Financial Times reports that one of the UK’s biggest graduate employers, the…
1 day ago
Kano State governor, Abba Kabir Yusuf, is in the United States of America for a high-powered symposium organised by U.S. Institute of Peace (USIP). The three days conference being attended by governors of Kano, Katsina, Zamfara, Kaduna, Niger, Sokoto, Kebbi, Jigawa and Plateau states, is designed to address insecurity in Northern Nigeria and proffer better…
1 day ago
Sir Chikwe Udensi, a security consultant with the International Criminal Police Organization (INTERPOL), has urged Abia State governor, Dr Alex Otti, not to mix his good works with some falsehood when passing information to the people. Udensi, a chieftain of the All Progressives Grand Alliance (APGA), said that he is disturbed at the way the…
1 day ago
The Kaduna State House of Assembly Ad-Hoc Committee has set up a committee to investigate the administration of former Governor Nasir El-Rufai. The committee, established during the Assembly's sitting on April 16th, has requested a comprehensive set of documents from the state commissioner of finance. The probe will include details of all loans acquired during…
1 day ago
Football teams that have registered for the much anticipated Alimosho Football Coaches Council Under-16 League have been warned to desist from all sorts of football unprofessionalism that can bring the league and football into disrepute. According to the leader of Alimosho Football Coaches Council, Mr. Samuel Uchenna Eke: "We want to do better than last…
1 day ago
Hearing in two separate money laundering suits filed by the Economic and Financial Crimes Commission (EFCC) against British national, James Nolan, could not proceed on Wednesday at a Federal High Court, Abuja.
1 day ago
Iranian goalkeeper Hossein Hosseini has been banned by the Iranian Football federation for Hugging a female fan after a football game. The goalkeeper was banned and fined of approximately #6.2Million for his actions which is against the country's policy as far as both genders are concerned. The incident unfolded when a female supporter's hijab slipped,…