Friday, 20th December 2024
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IMF

2 days ago
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.
Ex-PGF DG Salihu Lukman
3 days ago
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.
12 Dec
Delta State Governor, Sheriff Oborevwori, has issued a scathing critique of the economic policies implemented by President Bola Tinubu’s administration, accusing them of plunging Nigerians deeper into hunger, poverty, and unemployment, while turning Nigeria into the global poverty capital. In a statement signed by his Executive Assistant on New Media, Felix Ofou, Oborevwori highlighted the…
9 Dec
As the real estate sector constantly responds to market-driven factors, experts believe that provisions in the tax reform will allow the industry to remain highly attractive to investors and business owners.
3 Dec
Developing countries spent a record $1.4 trillion to service their foreign debts, as their interest climbed to a 20-year high in 2023, the World Bank’s latest International Debt report has shown.
22 Nov
President Bola Tinubu has assured of his commitment to prioritising the welfare of the poor and most vulnerable Nigerians, even as he is optimistic of his economic reforms.
21 Nov
President Bola Tinubu has assured of his commitment to prioritize the welfare of the poor and most vulnerable Nigerians even as his economic reforms bear fruit. President Tinubu who acknowledged that his reforms programmes had weakened Nigerians' purchasing power, however, said his administration will continue to provide social safety nets to cushion the unintended consequences.…
21 Nov
The International Monetary Fund (IMF) has passed votes of no confidence on President Tinubu's economic reforms as Nigeria continues
19 Nov
Nigeria and other sub-Saharan African (SSA) countries where the inflation rate remains uptick and significantly higher than central banks’ targets would require a longer monetary tightening regime to rein in the price crisis, the International Monetary Fund (IMF) has said.
15 Nov
Transportation has changed the accent of the global economy, at a time when the stratagem to power and progress is not only filtered for the praise of economics and what humanity has achieved in a classical sense, whether these filters
13 Nov
The IMF and the Democratic Republic of Congo have agreed to two new loan programs that would provide the central African country with close to $3 billion, the Washington-based institution said Wednesday. The announcement was made by the International Monetary Fund at the end of a two-week mission to the DRC to discuss the programs,…
ATM withdrawal
13 Nov
With summer holidays and foreign school tuition payment pressure now at their tail ends, market analytics have suggested that the bleeding naira may have a breather ahead.

Latest

52 mins ago
Pereira happy to achieve Premier League 'target' with Wolves Wolves are second-bottom of the Premier League, five points from safety, but former Porto and Olympiakos boss Pereira said the lure of the English top flight meant he had no hesitation in joining the Midlands club. "Because it's (the) Premier League and in my opinion the…
1 hour ago
In a landmark moment for Africa’s creative and tech industries, Singapore’s TSC Global and Nigeria’s Del-York Group have signed a $4.5 billion joint venture agreement for the Lagos Film City, marking the largest investment in Africa’s creative sector to date. The signing ceremony, held in Singapore and attended virtually by Lagos State Governor Babajide Sanwo-Olu,…
1 hour ago
Crisis-hit auto giant Volkswagen said Friday it planned to cut 35,000 jobs by 2030 in Germany after reaching an agreement with unions on a drastic cost-cutting plan. The deal, reached at the end of marathon negotiations with labour representatives, will save Europe's largest carmaker around four billion euros ($4.2 billion) a year, the German group…
1 hour ago
Mom of five acquitted after 19 months in Bauchi prison on blasphemy charges to the legal advocacy group ADF International. Rhoda Jatau was imprisoned in Bauchi state in May 2022 for allegedly sharing a video on WhatsApp condemning the lynching of Deborah Emmanuel Yakubu, a university student killed by a mob of Muslim classmates that…
1 hour ago
The UK and Mauritius vowed Friday to reach a historic treaty as soon as possible to hand control of the strategic Indian Ocean Chagos Islands to the Mauritians. The two sides have held "a series of productive, ongoing conversations and exchanges" to finalise the deal "as quickly as possible", a joint statement said. They were…
1 hour ago
The Court of Appeal in Abuja has awarded N15 million as general damages against MTN Nigeria Communications Limited for disturbing a Nigerian customer’s phone number with unsolicited messages and callertunes without the customer’s subscription to these services. The Appeal Court passed the judgment on Friday, declaring that this action violated the right to privacy and…
1 hour ago
France began withdrawing soldiers from Chad on Friday, the country's defence ministry said, after N'Djamena last month abruptly ended military cooperation with the former colonial power. A contingent of 120 soldiers left for France from a military airport in the capital, the ministry said in a statement on Facebook, 10 days after French fighter aircraft…
1 hour ago
In the twilight of his political career, Joe Biden is disappearing into the background even before Donald Trump returns to the White House, despite growing turmoil at home and abroad. The 82-year-old US president's silence on a looming government shutdown over Christmas is just the latest example of how critics say the aging leader is…
1 hour ago
Bournemouth manager Andoni Iraola has paid tribute to Ruben Amorim's impact at Manchester United ahead of the Cherries' match at Old Trafford on Sunday. Iraola's side are sixth in the table, seven places ahead of United but just three points clear of their opponents. Brought in after Erik ten Hag was sacked as United boss,…
2 hours ago
France's President Emmanuel Macron faced accusations of racism Friday over an alleged comment on problems in hospitals, which his office strongly denied he made, adding to controversy over an angry remark during a visit to an Indian Ocean territory ravaged by a cyclone. With Le Monde daily printing a sequence of articles about the behind-the-scenes…