The Director-General of the International Labour Organization (ILO), Gilbert F. Houngbo, has called for more assistance to debt-distressed developing countries to enable them to continue funding social protection and decent work programmes. Houngbo, in statements delivered at the World Bank/International Monetary Fund (IMF) meeting holding in Marrakech, Morocco, told the World Bank Development Committee that […]
The Debt Management Office (DMO) on Thursday reported that Nigeria’s total public debt stock rose to N46.25 trillion (about $103.11bn) as of December 2022, representing an increase of N6.69 billion when compared to the N29.56 trillion (about $95.77 billion) as of the end of December 2021. The DMO in a statement indicated that the debt […]
The International Monetary Fund (IMF) has expressed some concerns that cryptocurrencies may become a major currency in Nigeria and other developing countries. The Breton Woods institution in a report titled ‘Global Crypto Regulation Should be Comprehensive, Consistent, and Coordinated’ released on Thursday, stated that cryptocurrency had made it very difficult to protect the world financial […]
Latest Africa’s Africa Risk-Reward Index has reflected that investment environment for both businesses and financial investors was now reviving, with a continuing and steady improvement in the trade-off between risk and reward as growth on the continent rebounds. The third edition of the Africa Risk-Reward Index published by specialist risk consultancy Control Risks and Oxford […]