Nigeria’s foreign debt stands at $22.08bn, local N3.48trn
The National Bureau of Statistics (NBS) has disclosed that Nigeria’s foreign debt stands at $22.08billion.
IMF making progress on new Argentina crisis loan deal
International Monetary Fund officials are "making important progress" on a new crisis loan deal for troubled Argentina, which continues to see its currency decline, the fund said Monday.
The battle against inflation challenges
The country’s monetary authority, in a bid to take hold of the price stability, has kept all its rates steady, at least, for the past 25 months, involving 12 bi-monthly sessions, specifically for purposes that run around inflation.
Emefiele, Elumelu, IMF for market dealers’ confab
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele; Chairman of UBA, Heirs Holdings and Transcorp, Tony Elumelu; and the Country Chief, International Monetary Fund...
Nigeria’s unending ‘hypocritical’ economic diversification
Nigeria’s economic diversification initiative has been more about political pronouncements than real efforts to not only broaden the base of the country’s resources...
IMF warns China against aggressive economic stimulus
China must resist taking aggressive stimulus steps as it navigates troubled economic waters as they could add to excessive debt levels leading to an "abrupt adjustment", the International Monetary Fund said Friday.
‘Lower purchasing power, fund costs, credit risks challenge economy’
It is not yet over, according to the officials of the International Monetary Fund (IMF), who came to Nigeria on economic assessment, as the touted non-oil sector and consumer purchasing power were rated low, while risks against banks’ lending and interest payment on debts remain elevated. Led by the Senior Resident Representative and Mission…
Nigeria requires urgent economic policies to reduce vulnerabilities, says IMF
The International Monetary Fund (IMF), yesterday, advised that urgent and workable economic measures are urgently required in Nigeria to reduce the huge vulnerability to which the Nigerian economy has slipped into.
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.