LCCI Seeks Compensation For Looted Businesses Indebted To Banks       Grieved by the loss of lives, property, and livelihoods triggered by recent peaceful EndSARS protests, the Lagos Chamber of Commerce and Industry (LCCI), has urged banks to be compassionate to looted businesses that are indebted to...

Protests: IMF May Review Nigeria’s Growth Projection         The International Monetary Fund has said it may review Nigeria’s growth projection if the ongoing protests in the country persist, in view of the impact of the economy. Director, African Department, International Monetary Fund, Abebe Selassie, said this while...

COVID-19: IMFC Endorses Extension Of Debt Service Relief For 6 Months         In its commitment to curtail the effect of coronavirus, COVID-19 pandemic on the less developed economies, International Monetary and Financial Committee, IMFC of International Monetary Fund, IMF has expressed its support for a debt...

External Reserves Decline By $50.84m In 10 Days         The country’s external reserves dropped by $50.84m from $35.75bn as of October 2 to $35.69bn as of October 12, figures from the Central Bank of Nigeria have revealed. The CBN disclosed that the reserves, which had continued to...

IMF Projects $28trn COVID-19 Global Losses In Five Years       The Managing Director, International Monetary Fund, Kristalina Georgieva, has said the crisis from COVID-19 can lead to a global loss of $28tn in the next five years. She said this during her opening remarks at the annual...

World Bank, IMF Plan debt reduction for IDA countries The World Bank and International Monetary Fund (IMF), have proposed to undertake a joint action plan on debt reduction for the most indebted International Development Association (IDA) countries. Mr David Malpass, the President, the World Bank Group,...