Nigeria set to join BRICS union
The President Bola Tinubu-led Federal Government is working towards submitting an application for Nigeria to join international organisation, BRICS.
This was made known in a post shared via X (formerly…
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International Monetary Fund
5% of global banks vulnerable to stress-IMF
Emeka Okoroanyanwu
The International Monetary Fund (IMF) has, again, warned that about 5% of banks globally are vulnerable to stress if central bank interest rates remain higher for longer.
This, it said, was despite the easing of…
Nigeria’s economy to grow by 3.1 per cent in 2024 – IMF
Emeka Okoroanyanwu
Nigerian economy has been projected to grow by 3.1 per cent next year from 2.9 per cent this year.
The International Monetary Fund (IMF) in its new global economic growth forecast released on Tuesday also projected that…
IMF asks FG, CBN to extend cash swap deadline
The International Monetary Fund (IMF) has called for the extension of the February 10, 2023, deadline for cash swap.
The International monetary body made the call few minutes after the Supreme Court restrained the Federal Government and…
FOR THE RECORD: Trends and Prospects of Nigeria’s Economy: Broader implications For Africa’s…
It is a pleasure be back to the grounds of this great citadel, Oxford University. Today, I will speak briefly and them interact with you on “Trends and Prospects of Nigeria's Economy: Broader implications For Africa’s Development.”
You…
No single country can ban Cryptocurrency, says IMF
International Monetary Fund (IMF) has warned that no individual country can stop cryptocurrency on their own.
The IMF stated that regulating cryptocurrency will necessitate nothing less than a determined global effort and a global accord…
Fuel Price: Labour vows to shut down economic activities, begins mobilisation
The Nigeria Labour Congress (NLC) has vowed to grand economic activities across the country if the Federal Government make bold its threat to jerk up prices of petroleum products in the country.
It had been reported before now that…
Zenith Bank posts N61b Profit Before Tax in Q1
Zenith Bank Plc has announced its unaudited results for the first quarter (Q1) ended 31st March 2021, showing a profit before tax (PBT) of N61 billion, which was four per cent higher than the N58.8 billion posted in the corresponding period…
Naira overvalued at official market, IMF tells CBN
The International Monetary Fund (IMF) has said the naira was overvalued by 18.5 per cent at the official market.
The Fund called on the Central Bank of Nigeria (CBN) to establish a more transparent and market-based exchange rate policy…
Buhari fumes over World Bank, IMF statistics on Nigeria
President Muhammadu Buhari says some of the statistics about Nigeria published by the World Bank, the International Monetary Fund (IMF) and other foreign bodies are not accurate.
The president made this statement shortly after meeting…