Debt crisis looms in emerging markets

Global stocks tumble on "corona" sell off, BLOODY WEEKS: Coronavirus cost investors N1 trillion, triggers devaluation fears, Global Market Summary on Tuesday, Analysis: The economy is crashing, avoid falling knives,, Debt crisis looms in emerging markets,Debt crisis looms in emerging markets

Emerging market economies could begin defaulting on their bonds in the coming weeks,this is due to the COVID-19 pandemic.

FG runs N1.14 trillion budget deficit in three months , Nigeria cannot beat ECOWAS single currency deadline, here’s why , Nigeria considers request for debt relief as debt stock climbs

Nigeria considers request for debt relief as debt stock climbs

by CSL Stockbrokers

April 5, 2020

0

Ministers of Finance from African countries have requested for debt relief from bilateral, multilateral and commercial partners to cushion the ...

Brent crude drops to $25, oil demand drops by about 10% of world’s consumption, Brent Crude Oil hits $26, as Nigeria's Sweet Crude demand falls, Oil price pushes up before OPEC meeting, Asian equity markets mixed, NIGERIA OIL: Darker days ahead as Brent falls below production cost, Brent crude drops, as oil traders focus on OPEC+ meeting

Brent crude drops to $25, demand drops by about 10%

by Olumide Adesina

March 23, 2020

0

Oil prices fell today as political leaders around the world escalated lockdowns to curb the spread of the global coronavirus ...

COVID-19 wreaks havoc on earth but there’s hope

by Op-Ed Contributor

March 23, 2020

0

The on-going Coronavirus outbreak ravaging the earth has not only disrupted the personal plans of many, but also the global ...

parallel market, Covid-19: N3.5 trillion disbursed as stimulus package for the Nigerian economy, CBN Vs NESG: Waving the white flag for the benefit of Nigerians, Exchange Rate Unification: CBN devalues official rate to N380/$1, Nigerian banks have written off N1.9 trillion impaired loans in past 4 years, CBN sandbox operations, Stirling Trust Company Limited, Key highlights of the October 2020 Business Expectations Survey Report, A Total of N3.5 trillion was disbursed in the wake of the COVID-19 pandemic, in addition to several other interventions to reflate the economy - CBN, BOFIA 2020: Steps forward or backwards for Nigerian banks, Total credit to the economy rose to N19.54trillion – CBN Governor

CBN to “introduce” uniform exchange rate for naira

by Chike Olisah

June 19, 2020

11

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

by Chidinma Nwagbara

March 17, 2020

0

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

by Fakoyejo Olalekan

March 19, 2020

1

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

by Fakoyejo Olalekan

March 16, 2020

0

With coronavirus affecting prices of goods, the governor of the CBN, Godwin Emefiele says the CBN is contemplating reducing interest rate.

NDDC, Cash transfer, President Buhari, non-oil Exports, oil revenue, export revenue, FG Waives import duties for medical supplies, Orders Customs to expedite clearing, Presidency faults report on Kyari as Buhari didn’t cancel memos, appointments approved by him

South African economy falls into second recession in two years

by Fakoyejo Olalekan

March 4, 2020

0

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

by Chidinma Nwagbara

February 28, 2020

0

Antoinette Sayeh, a Liberian National is set to join the International Monetary Fund (IMF) as Deputy Managing Director.

Tag: International Monetary Fund