The International Monetary Fund, IMF, yesterday, said that Nigeria’s banks closed 234 branches and 649 Automated Teller Machines, ATMs, in 2020 leading to a decline in the country’s Financial Access Score (FAS) to 4.44 in the year against 4.78 in…
Nothing for you! IMF excludes Nigeria, as it extends debt relief to 28 low-income countries
The Executive Board of the International Monetary Fund (IMF) has excluded Nigeria from the third tranche of grants for debt service relief for 28 member countries under the Catastrophe Containment and Relief Trust (CCRT). This is according to a statement…
Peter Obi wishes Nigerians a productive 2021
Former Governor of Anambra State and Vice Presidential Candidate of the Peoples Democratic Party (PDP) in the 2019 elections, Mr Peter Obi, has wished Nigerians a more productive year come 2021, praying that the painful stories and challenges which faced…
Okonjo-Iweala elected WTO DG
Ngozi Okonjo-Iweala, Nigeria’s nominee for the office of the director-general of the World Trade Organisation, has emerged winner of the highly competitive race. According to a Vanguard newspaper report, the former minister polled 104 votes from 164 member countries to…
COVID-19 induces deep global recession for 2020, says IMF
The International Monetary Fund is projecting a deep global recession in 2020 because of the COVID-19 pandemic, with global economies expected to shrink by 4.4%. Speaking Tuesday at the IMF’s World Economic Outlook Forum in Boston, IMF chief economist Gita…
*Five suspected traffic robbers nabbed in Lagos (Punch)*Lagos implores secondary school students to go into agriculture (Guardian)
Five suspected traffic robbers nabbed in Lagos (Punch) Five suspects have been arrested by men of the Lagos State Police Command for allegedly dispossessing unsuspecting members of the public of their valuables at the Ketu end of the Lagos-Ibadan Expressway.…
*Lagos security guard, neighbour arrested for defiling minors (Punch) *Police detains Naira Marley over Funke Akindele’s house party (Guardian)
Lagos security guard, neighbour arrested for defiling minors (Punch) Personnel of the Lagos State Police Command have arrested one Christian Chikezie for allegedly having sexual intercourse with his neighbour’s nine-year-old daughter in the Ikorodu area of the state. PUNCH Metro…
FBNHoldings: Setting the tone for gender inclusiveness, balance in boardroom – Hope Ashike
In many parts of the world, including Nigeria, women often face the barriers of discrimination and persistent gender inequalities which deny them access to key positions in the corporate world as well as access to finance or the formal economy.…
IMF removes age limit for position of managing director (Guardian)
The International Monetary Fund (IMF) has approved the removal of the age limit for the position of IMF managing director, paving the way for Kristalina Georgieva to head the multilateral lender. Since 1951, the IMF’s bylaws had prohibited the appointment…
Sahara Power reaffirms expansion plans to support energy demand growth in SSA
Sahara Power Group’s Managing Director, Kola Adesina, has said the company will continue to implement expansion plans through investment in diverse energy mix and partnerships to enhance the capacity of the power sector to meet anticipated energy demand growth in…