Brent crude drops to $25, demand drops by about 10%
Oil prices fell today as political leaders around the world escalated lockdowns to curb the spread of the global coronavirus ...
Tag: International Monetary Fund
COVID-19 wreaks havoc on earth but there’s hope
The on-going Coronavirus outbreak ravaging the earth has not only disrupted the personal plans of many, but also the global ...
CBN to “introduce” uniform exchange rate for naira
The Central Bank of Nigeria (CBN) has decided to collapse the multiple exchange rate policy which was used to determine ...
IMF says it can mobilize $1 trillion loan to help countries counter Coronavirus
The IMF has expressed its readiness to mobilize $1 trillion lending capacity to help countries fight the coronavirus pandemic.
Nigerians spend $14 billion on generators, fuel
It has been revealed that Nigerians spend about $14 billion on generator and fuel yearly in order to prevent their ...
CBN considers interest rate cut as trade, economy decline over Coronavirus
With coronavirus affecting prices of goods, the governor of the CBN, Godwin Emefiele says the CBN is contemplating reducing interest rate.
South African economy falls into second recession in two years
Nigeria’s economy is now the largest in Africa after South Africa went into recession yesterday.
Antoinette Sayeh to join IMF as Deputy Managing Director Â
Antoinette Sayeh, a Liberian National is set to join the International Monetary Fund (IMF) as Deputy Managing Director.
IMF moves to replace first Deputy MD, David LiptonÂ
The MD of IMF, Kristalina Georgieva has announced that the Fund's first Deputy MD, David Lipton would step down at ...
IMF Chief says roads, customs’ facilities in Lagos seaport are poor, inefficient
IMF Chief, Amine Mati has described the state of roads and facilities used during customs operations in Lagos ports as ...
