A former Vice-President (Africa) of World Bank, Mrs Oby Ezekwesili, has advised the Federal Government to suspend its plan to raise 2.8 billion dollars in Eurobond to fund the 2018 budget. Ezekwesili, who was a former Minister of Education, gave the advice while speaking to newsmen in Lagos. The News Agency of Nigeria (NAN) reports […] …
IMF
FG to borrow $2.8bn with Eurobond
“We have a lot of headroom to borrow, but we are not rushing to borrow more because we have to consider the foreign debt service obligations that we carry now” – Zainab Ahmed Despite its excruciating debt service burden that has already drawn the red flag of the International Monetary Fund (IMF) and other multilateral […]
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IMF members pledge to avoid using currencies as trade weapon
Window ‘narrowing’ for global economy, IMF warns
Nigeria seeks advice on Illicit flows, tax evasion by multinationals
The Federal Government has taken twin issues of illicit financial flows, and tax evasion being committed by multinational companies to the international community for possible solutions that would stem the tide. However, Nigeria has been advised to evolve an efficient disaster response ready for any eventuality, as natural disasters are currently sweeping across countries, even […] …
Let’s de-escalate trade tensions – IMF
Nigeria, 7 African countries in debt distress –IMF
Amechi Ogbonna The International Monetary Fund ( IMF) Thursday, listed Nigeria among eight African countries on its debt distressed category following the failure of their fiscal consolidation to positively impact the citizens. Abebe Aemro Selassie, Director of the IMF’s African Department, who gave the hint at a briefing he jointly held with Nigeria’s Budget and Planning […]
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Foreign debt: Nigeria, other African countries vulnerable — IMF
The International Monetary Fund, IMF, has listed vulnerability to foreign debt as one of the major threats to economic growth amongst African countries, especially in the Sub-Sahara group which includes Nigeria.
Continue reading Foreign debt: Nigeria, other African countries vulnerable — IMF at Vanguard News. …
26m women may lose jobs to technology, IMF warns
About 26 million female jobs in 30 countries are at risk of being displaced by technology, the International Monetary Fund (IMF) has warned. The IMF in its report, “Gender, Technology and the Future Work”, said globally, 11 per cent of women were at risk of losing their jobs due to advances in computer technology, whileRead More …
World Bank admits some bias in advice to Nigeria
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