The Federal Government has reached an agreement with the World Bank Group and other development partners for the release of $1.3bn for the take-off of the Development Bank of Nigeria. The Minister of Finance, Mrs. Kemi Adeosun, said thisin Washington DC, United States of America...

The International Monetary Fund is prepared to lend money to Nigeria and other countries facing economic crisis at zero interest rate in order to stimulate their recovery. The Managing Director, IMF, Christine Largade, said this in Washington DC, United States, at the ongoing annual meetings...

The Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr. Tunde Fowler has been elected as the Council Chairperson of the African Tax Administration Forum (ATAF). Mr. Tunde Fowler emerged the winner of the keenly contested election during the Forum’s 4th General Assembly meeting...

The International Monetary Fund has warned that the current economic crisis in Nigeria may spill over to the rest of West Africa with negative consequences. It also raised the alarm that Nigeria was spending too much of her revenue to service debts, noting that this...

The Central Bank of Nigeria (CBN) Deputy Governor (Economic Policy), Dr. Sarah Alade has revealed that oil and gas exposures constitute about 40 per cent of the banks’ loan portfolio. However, Alade, who disclosed this in an interview with The Banker magazine, pointed out that...

The International Monetary Fund has cut its 2017 economic growth forecast for Nigeria. The Washington-based lender said in its World Economic Outlook Report that Nigeria’s economy would contract by 1.7 per cent this year and expand 0.6 per cent in 2017, less than the 1.1...