Managing Director/Chief Executive Officer of First Bank Nigeria Limited, Dr Adesola Adeduntan, has advised financial institutions in the country to be vigilant and improve the monitoring of their customers’ loans in order to prevent the build-up of non-performing loans (NPLs)…
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…
IMF names Okonjo-Iweala, others in External Advisory Group
IMF Managing Director, Kristalina Georgieva, on Friday named a former Nigerian finance minister, Dr Ngozi Okonjo-Iweala, among a group of prominent individuals appointed to serve as her new External Advisory Group. A statement posted on the IMF website said the…
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…