The United States Federal Reserve Vice Chair, Richard Clarida, has indicated that the nation’s economy is nearly ready for the central bank to pull back on its stimulus even he projected that the high inflation may soon begin to subside. The Fed had last month signaled it would “soon” be ready to begin the process […]
The International Monetary Fund (IMF) on Monday decided to retain Kristalina Georgieva as the Fund’s managing director by expressing full confidence in her leadership, despite accusations leveled against her that she altered data to favour China during her tenure at the World Bank. Georgieva had been serving as the Chief Executive of the World Bank […]
Nigeria’s Vice President, Prof. Yemi Osinbajo, has urged the Central Bank of Nigeria (CBN) on faster disbursement of funds to fast-track the implementation of the Economic Sustainability Plan (ESP) , including the 5 million Solar Connection Scheme and the agriculture plans. In addition, he advised the apex bank to review the foreign exchange strategy with […]
The World Bank has explained why Nigeria, Ghana and some other countries refused to participate in a temporary suspension of debt service payments under its Debt Service Suspension Initiative (DSSI), saying the affected countries are concerned about future access to debt and credit-rating downgrades. The DSSI offered 73 IDA-eligible and least developed countries a temporary […]
Chairman of the Federal Inland Revenue Service (FIRS), Mr. Muhammad Nami, has maintained that the diversification of the Nigerian economy, though a work in progress, is on course. Nami, was quoted in a statement by his SA Media and Communication, Johannes Wojuola, as making this remark while speaking at the ‘Public Presentation and Breakdown of […]
The World Bank in a new report released on Monday stated that efforts by governments around the world to tackle the COVID-19 pandemic with massive fiscal, monetary, and financial stimulus packages further aggravated loc-income countries’ debt stock, rising by 12 percent to a record $860 billion in 2020. The Breton Woods institution noted that while […]
The Executive Vice Chairman (EVC) of the Nigerian Communication Commission (NCC), Prof. Umar Danbatta, has declared that three of the Commission’s regulatory instruments are set to offer enabling provisions that will help the country in tackling security and insurgency; as well as to enhance spectrum availability to facilitate the deployment of Fifth Generation (5G) technology. […]
Paramount ruler of Egbaland, His Royal Majesty, Oba Adedotun Gbadebo, on Monday commended the Nigeria Deposit Insurance Corporation (NDIC) for its commitment to Corporate Social Responsibility initiatives at the grassroots which, he noted, had positively impacted on the lives of the people and communities nationwide. The royal father made this remark during the Annual Alake […]
There are strong indications that the week-long International Monetary Fund (IMF) and World Bank Group annual meetings will kick off today amid anxieties among attendees as data-rigging allegations levelled against IMF Managing Director, Kristalina Georgieva, may impact the opening of meetings in Washington, D.C, United States. The meetings will be opened despite the fact that […]
One of Nigeria’s transparency advocacy organistions, Nigeria for All Nigerians (NAN), has charged the regulatory authorities to stop a likely violation of the Nigerian Investments and Securities Act by the impending listing by the introduction of the shares of Nigerian Exchange Group on the Main Board of Nigeria Exchange Limited with effect from October 13, 2021. […]