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...
In search of an ‘economic miracle’ Angola taps into the IMF
Angola’s finance ministry said it had requested non-financial assistance from the International Monetary Fund to help it implement economic reforms, as Africa’s second-largest crude producer continues to suffer from a lower oil price.
Ghana has just been knocked out of pole position as Africa’s fastest growing economy
The IMF, in its latest World Economic Outlook, kept its 2018 and 2019 global growth forecasts unchanged at 3.9 percent for both years after upgrades in January.
IMF acknowledges CBN’s monetary policy success
The Central Bank of Nigeria (CBN) is relishing the success of its monetary policy, especially regarding the foreign exchange, as the efforts have been finally acknowledged by the international financial community.
IMF worried about Nigeria’s ability to service external loans
The International Monetary Fund (IMF) has expressed concern over Nigeria’s ability to service its external loans estimated at over $18.9billion, given its mono-product economy status and low revenue base.