IMF Slashes Borrowing Cost by 36% The International Monetary Fund (IMF) said it will slash interest on loans of members by 36 per cent to enable members save up to $1.2bn annually. Nigeria has an outstanding balance of $2bn with the IMF, according to the Debt...

Stakeholders Demand Better Security as Banks Lose N42.6bn to Fraud   Cybersecurity experts have stated that Nigerian banks must bridge the widening technology adoption gaps and closely track insider threats after losing N42.6bn to fraud between April and June 2024. The Financial Institutions Training Centre revealed the...

Nigeria’s Surging Diaspora Remittances By Abdulrahman Abdulraheem As a so-called third world country with millions of its nationals in different parts of the world working to earn a decent living, Nigeria is one of those nations whose mass population relies heavily on ‘manna’ from abroad to...

Without Structural Gaps, Nigeria’s GDP will Grow by 5% – IMF The International Monetary Fund (IMF) has said that Nigeria’s economy stands to grow at five per cent beyond the current 3.19 per cent if there is a 25 per cent removal of bottlenecks around...

Memo to VP Shettima: Northern Nigeria has no reasons to be poor through agriculture By Baba El-Yakubu Dear Mr. Vice President, Kashim Shettima, I watched your recent interview granted to the BBC Hausa. Your response to the Hunger Protests appeared sincere, genuine, and frank. My most important...

Nigeria’s Trade Balance Rises to $1.43bn, IMF Reports Nigeria’s current account balance has increased to $1.432 billion in 2024 despite the economic downturn ravaging the country, data from the International Monetary Fund’s World Economic Outlook shows. The IMF data indicates a posi­tive outlook for Nigeria’s econom­ic...