IMF lowers 2020 oil demand by 8 per cent amid high uncertainties
The coronavirus crisis will see global oil demand dropping by around eight percent this year, compared to last year, the International Monetary Fund (IMF), has said in a new report.
IMF-induced policies will repress Nigeria's currency, Labour warns
Submitting to the International Monetary Fund, IMF-induced policies would further distort and repress Nigeria's currency, organised labour has warned.
COVID-19: Tapping from Nigeria’s underground economies
Nigeria’s economy is bigger than what we see and feel in statistics. This is because the country’s huge underground economy is hardly adequately taken account of informal data collection, data mining and data analysis.
Naira weakens further as dominant currencies alter pricing decisions
With many trade transactions benchmarked against dominant currencies like the U.S. dollar, the International Monetary Fund (IMF), has expressed concerns that currency movements pose great challenges to developing countries’ domestic economy, especially trade.
Sudan hands out cash to ease economic crunch
Sudan has begun distributing cash handouts under an internationally backed plan to help millions cope with an economic crisis aggravated by the coronavirus pandemic
Time for National Road Fund, Highways Authority
The International Monetary Fund (IMF) recent Technical Assistance Report on Nigeria, which stated that the country would need an aggregate investment of 100 billion United States Dollars on roads (from 2020 to 2030) should not be dismissed at this time.
Spurring market growth through investment in infrastructure
With almost 24 per cent losses recorded at the stock market in the last three years, exacerbated by the current COVID-19 crises; there has been no respite for investors. But more worrisome is that in the near term, the outlook remains uncertain
Rising COVID-19 cases may induce more hardships, FG warns
The Federal Government has raised the alarm that Nigeria risks further economic stagnation economic on account of the rising COVID-19 infections nationwide.
Nigeria, others face $44 billion financing gaps despite huge loans
Still struggling to deal with the impact of the coronavirus on their economies, the International Monetary Fund (IMF), has said Nigeria and other countries in the sub-Saharan African (SSA) region would need additional financing needs of over $110 billion.