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International Monetary Fund

IMF lowers 2020 oil demand by 8 per cent amid high uncertainties
11 hours ago  Business News
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.
Sudan hands out cash to ease economic crunch
13 Jul  World
Sudan has begun distributing cash handouts under an internationally backed plan to help millions cope with an economic crisis aggravated by the coronavirus pandemic
FG, states borrow more, crowd out private sector
13 Jul  Nigeria
The months ahead may be more daunting for the real sector as government’s debt-funding plans at higher costs threaten to crowd out private sector investments and stifle local manufacturing.
IMF approves emergency funding for pandemic-hit Myanmar
27 Jun  World
The International Monetary Fund said Friday it will provide Myanmar with $356.5 million in emergency funding, as the southeast Asian country battles an economic slump
What will stop Buhari from borrowing?
16 Jun  Opinion
Nigeria under President Muhammadu Buhari is currently on a borrowing spree. Something drastic appears necessary to arrest this undesirable trend.
IMF projects lower per capita income by year-end globally
11 Jun  Business News
With the recent global economic crisis caused by the Coronavirus (COVID-19) pandemic, the International Monetary Fund (IMF) has warned that 90 per cent of the world
Buhari’s herculean task of lifting countrymen out of despair, poverty
29 May  Politics
Having shrugged off the challenge of Atiku Abubakar, the candidate of the main opposition Peoples Democratic Party (PDP) at last year’s polls, President Muhammadu Buhari...
ATCON tasks FG on economic digitisation as telcos activate 1.9m new subscribers
29 May  Telecoms
The Association of Telecommunications Companies of Nigeria (ATCON) has charged the Federal Government to commence the digitisation of the nation’s economy.
Investors torn between debt, forex market as naira weakens
26 May  Nigeria
The impact of the plunge in oil price in the last two months may have spread across asset classes in Nigeria, forcing investors to widen portfolio on the bond market...
Advice Buhari should not ignore
29 Apr  Opinion
Political leaders in this part of the globe rarely seek or listen to candid pieces of advice. Most times, they take decisions or copy others especially the developed countries.
WHO appoints Nigeria’s Okonjo-Iweala as COVID-19 Special Envoy
25 Apr  Nigeria
The World Health Organisation (WHO) on Friday named former Minister of Finance, Dr. Ngozi Okonjo-Iweala, as a Special Envoy for the newly inaugurated Access to COVID-19 Tools (ACT) Accelerator.
OPEC expects recovery in Q4, fall in demand to 19.73 mil b/d in Q2
17 Apr  Business News
• Extraordinary macroeconomic action key to faster recovery, says IMF OPEC is banking on global oil demand recovering by more than 10 million b/d from the second quarter to the fourth quarter of 2020 as it embarks on a global supply pact along with allies and rivals to provide relief for a coronavirus-stricken oil market.…