FG pledges prudent use of $3.4bn IMF loan
The federal government says it will make “judicious use” of the $3.4 billion loan request recently approved by the International
Nigeria tells IMF of intent to have unified, flexible exchange rate
Nigeria has vowed to seek a more flexible and unified naira to respond to the external shock brought by the coronavirus pandemic,
FAAC allocation rises by N199.36bn to N780bn
Despite the drop in crude oil price from $42.3 per barrel in February to $26.44 in March, the allocation to the three tiers of
COVID-19: We may face worst economic fallout since Great Depression – IMF
The global coronavirus pandemic is causing an economic crisis unlike any in the past century and will require a massive response to
COVID-19: Buhari approves withdrawal of $150m from Sovereign Wealth Fund
President Muhamadu Buhari has given approval for the withdrawal of $150m from the Sovereign Wealth Fund for distribution to the three
COVID-19: Propping telecoms as a critical national infrastructure
Telecommunications services in Nigeria have been dubbed an enabler of economic growth and national development. While this claim has
Nigerian economy to contract by 3.5% – McKinsey
By Omobayo Azeez Doom has been spelled on the Nigerian economy, which according to McKinsey & Company, could contract as much as
Governors want FG to restructure states’ debts
At the end of its second teleconference, the governors Wednesday asked President Muhammadu Buhari to order the suspension of the
Nigeria’s dept profile climbs N27.4trn
By Omobayo Azeez The total debt portfolio of the Nigerian government, including states and federal, stood at N27.4 trillion as of end
Nigeria, South Africa, others seek debt relief from World Bank
The ministers of finance from African countries have called for debt relief from bilateral, multilateral and commercial partners to