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International Monetary Fund

Nigeria, South Africa, Egypt constitute half of Africa’s $2.7trn economy

In 2021, the economies of three countries – Nigeria, South Africa, and Egypt - make up about half of Africa’s economic output measured by...

The future of trade is services, green, digital -Okonjo-Iweala

THE Director-General of the World Trade Organisation (WTO) Ngozi Okonjo-Iweala has stated that the future of trade is down to three factors: services, green...

Nigeria’s external debt rises by 163 per cent between 2015 and 2019

FOLLOWING a second attempt by the Nigerian President Muhammadu Buhari to obtain approval from the National Assembly for  $30 billion dollars loan earlier rejected...
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Despite Nigeria border closure, Benin Republic maintains strong economy-IMF

THE International Monetary Fund (IMF) has disclosed that the Republic of Benin has maintained a strong economic performance despite Nigeria’s closure of the land...

Nigeria rakes in over USD $25bn dollars in export value, spends close to $10bn on imports within eight years in West- Africa

NIGERIA is considered the largest economy in Africa with a Gross Domestic Product change rate of 1.9 per cent in 2018 and projected to...

IMF advises Nigeria to remove fuel subsidy at the time state govts still owe many months’ salaries

CHRISTINE Lagarde, managing director of the International Monetary Fund, has advised Nigeria and other countries who subsidise fuel to stop. Addressing the press on Thursday...
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Oxfam report: Nigeria ranks 157 out of 157 countries in inequality scale

Nigeria is the least among 157 countries on social spending, tax and labour rights. This was contained in a report released on Tuesday at...

FG Will Not Devalue Naira, Says Osinbajo

Following growing call for it to take action, the federal government on Thursday announced that it will not devalue the naira, despite the instability...

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2023: Sanwo-Olu wins Lagos APC governorship primary

LAGOS State Governor, Babajide Sanwo-Olu, has emerged winner of the governorship primary election of the All Progressives Congress (APC). Sanwo-Olu...

FCT minister announces re-opening of Dei-Dei market

THE Minister of the Federal Capital Territory Administration (FCTA) Muhammad Musa Bello has announced that the building materials market...

Abba Kyari is safe in Kuje prison – Nigerian Correctional Service

THE Nigerian Correctional Service (NCoS) has debunked the claim by the suspended Deputy Commissioner of Police, Abba Kyari, that...

CIVIC condemns killing of 50 civilians in Rann, Borno State

THE Center for Civilians in Conflict (CIVIC) has condemned the killing of over 50 Nigerians in Rann, Borno State,...

UNICEF mourns death of 11 newborns killed by fire in Senegal

THE United Nations Children Fund (UNICEF) on Thursday mourned the loss of 11 newborns to a fire in Senegal. UNICEF said it...
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