IMF
1 day ago
Sri Lanka's fragile economic recovery could be hampered by threatened trade union strikes over reduced benefits for government employees in this year's budget, the International Monetary Fund warned on Tuesday. Leftist President Anura Kumara Dissanayake's maiden budget raised public sector salaries but also made deep cuts to longstanding perks in a continuing effort to repair…
28 Feb
With the gradual cooling of wages and energy prices expected to decline in 2025, headline inflation will continue to decelerate, the International Monetary Fund (IMF) has said.
6 Feb
The IMF plans to unveil a new loan agreement with Egypt for approval by its board, the global lender's communications chief said Thursday, as the country looks to strengthen its economy. "A policy package of reforms will be considered by the Fund's executive board, along with the fourth review of Egypt's program," International Monetary Fund…
27 Jan
The World Bank and the International Monetary Fund (IMF) have urged the Federal Government and the Central Bank of Nigeria (CBN), to adopt a coordinated strategy to curb inflation in the country. Nigeria has faced a consistent rise in inflation over the past three years, fueled by the rise in food and energy prices. The…
24 Jan
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said Nigeria has no reason to approach the International Monetary Fund (IMF) for loans. While speaking on the sidelines of the ongoing World Economic Forum (WEF) in Davos, Switzerland, on Thursday, Edun said Nigeria does not have a balance of payments problem…
23 Jan
In 2024, France’s military and exploitative economic strangleholds were expelled from the African continent through actions in Niger, Mali, Burkina Faso where military coups have been responsible for regime changes and the birth of the Alliance of Sahel States
20 Jan
As Donald Trump begins his second term as U.S. president today, Africa is at a critical crossroads, facing the possibility of strained economic ties with the United States. With Trump’s “America First” doctrine likely to dominate his agenda again, the continent must prepare for potential shocks to trade policies, currency stability, and foreign investments.
19 Jan
The International Monetary Fund (IMF) has issued a warning about potential global disruption due to the economic policies of incoming U.S. President Donald Trump. The IMF noted that a wave of threatened tariffs could exacerbate trade tensions, reduce investment, affect market pricing, distort trade flows, and disrupt supply chains. While tariffs, tax cuts, and deregulation…
25 Dec
The International Monetary Fund said Tuesday that it has reached a deal with Egyptian authorities allowing the country access to about $1.2 billion. The funding access is subject to executive board approval. "The Egyptian authorities have continued to implement key policies to preserve macroeconomic stability, despite ongoing regional tensions that are causing a sharp decline…
21 Dec
The IMF's executive board approved a $1.1 billion disbursement to Ukraine on Friday as part of an ongoing loan program to provide budget support. The approval bolsters Ukraine as it faces continued Russian attacks and comes just over a month after staff at the International Monetary Fund completed the sixth review of an existing four-year…
18 Dec
As much as it is desirable to update the country’s tax laws, including a tweak at the sharing formula to promote equity and industry, it is also incumbent on the government to ensure that all segments of the polity are carried along.
17 Dec
Amid growing political manoeuvres ahead of the 2027 presidential election, former President Olusegun Obasanjo has been urged to lead efforts to unify opposition parties to challenge the incumbent, President Bola Ahmed Tinubu.
Latest
1 day ago
The Action Peoples Party (APP) has praised the Rivers State Independent Electoral Commission (RSIEC) for initiating the process for the state’s Local Government Elections. RSIEC Chairman, Justice Adolphus Enebeli, in a letter to political party leaders, traditional rulers, security agencies, and other stakeholders, invited them to a general meeting on Wednesday, March 5, 2025, at…
1 day ago
The Osun State chapter of the All Progressives Congress (APC) on Tuesday chided Governor Ademola Adeleke for visiting former state governor and ex-national chairman of the APC, Chief Bisi Akande, saying his bid to crave a soft landing regarding the prevailing logjam on the reinstated council chairmen and councillors in the state will fail. The…
1 day ago
In 2025, YouTube, TikTok and other social media platforms remain the goldmine for creators, where some rake in millions of dollars from sponsorships, brand partnerships, and business deals. These media moguls have built wealth off social media content. They have leveraged their online viewers to bank massive revenue streams. Meet the world's richest ten creators…
1 day ago
The House of Representatives on Tuesday passed through the second reading a bill seeking the amendment of the Federal Polytechnic Act. Sponsored by Speaker Tajudeen Abbas and Lagos lawmaker, Fuad Laguda, the bill seeks to amend the Federal Polytechnics Act, Cap 17, Laws of the Federation of Nigeria 2004, to expand the roles and responsibilities…
1 day ago
The elected 2015 Local Government Council Chairmen, Vice Chairmen, and Councilors in Rivers State have declared themselves the rightful occupants of the vacant Local Government Council seats. This declaration comes on the heels of a recent Court of Appeal ruling, which set aside the July 9, 2015 judgment of the Federal High Court nullifying the…
1 day ago
In response to the recommendation of the committee of inquiry over the breach of peace during #EndBadGovernance, the Kano State Government has constituted a six-member committee to draft a white paper. The white paper draft is expected to outline the final disciplinary action against culprits of wanton destruction and punitive measures to prevent the…
1 day ago
The federal government may be considering shutting down the General Aviation Terminal (GAT) of the Nnamdi Azikiwe International Airport, Abuja, following reports that the VIP section of the airport has become a hub for money laundering and drug and human trafficking, among other criminal activities in the country. The Guardian reports that the GAT is…
1 day ago
The Abia State Working Committee (SWC) of the Peoples Democratic Party (PDP) yesterday (Tuesday), during a meeting at its Umuahia State Head Office, announced to journalists that it has expelled the former Senate President, Chief Adolphus Wabara, who is also the Chairman of the PDP Board of Trustees (BoT), from the party membership with immediate…
1 day ago
There are indications that the Central Bank of Nigeria (CBN) may appoint 16 new directors soon. It was gathered that the appointments may have received the go-ahead from the board of the apex bank. Those on the list include Abdullahi Hamisu, who is designated to man the Banking Services Department, while Ojomu Adenike Olubunmi is…
1 day ago
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed that three oil companies owe the Federal Government $5.5 million in outstanding payments. The three oil companies are Chorus Energy, Dubril Oil Company Limited, and Belema Oil. This was disclosed by the representative of NUPRC, Balarabe Haruna, during the ongoing investigation by the House of Representatives…