Naira weakens badly
Nigeria is grappling with additional challenges, including a faster rate of inflation, as the gap between official and parallel segment of the foreign exchange (FX) market continues to widen.
Nigeria’s mono-economy conundrum
At a time when coronavirus no longer thundered from Wuhan but rumbled all over the continents, at a time when the world is awash with oil glut, and traders are quickly running out of places to put it
TSA grosses N20 trillion as Gambia embraces initiative
From inception in 2015, over N20 trillion payments may have been processed through the Treasury Single Account (TSA), Minister of Finance, Budget and National Planning, Zainab Ahmed, disclosed yesterday.
Book on Economics, Banking and Finance in Emerging Markets debuts
Emerging markets and economies are more nuanced and complex than available scholarly resources fully articulate. Without adequate local knowledge of the complexities in developing economies...
LCCI seeks compensation, compassion for looted businesses indebted to banks
• Expresses worry about the potential loss of jobs Grieved by the loss of lives, property, and livelihoods triggered by recent peaceful EndSARS protests, the Lagos Chamber of Commerce and Industry (LCCI), has urged banks to be compassionate to looted businesses that are indebted to them. Similarly, the Chamber asked for adequate compensation…
COVID-19 to create $1 trillion financial gap in Africa, IMF warns
Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, yesterday, raised the alarm over the continued ‘excruciating crushing’ of Africa’s economy...
UK economy to slump 9.8% this year on virus: IMF
The International Monetary Fund on Tuesday forecast that the recession-wracked British economy will shrink by almost ten percent this year on coronavirus fallout.
China 2020 growth forecast almost doubled to 1.9% by IMF
China's economy is expected to grow 1.9 percent this year, almost twice as much as previously forecast, the International Monetary Fund said Tuesday, tagging the superpower as the only major nation likely to expand in the face of the coronavirus.