IMF Says 83 countries benefit from $165bn loans in 2020 The International Monetary Fund (IMF), says it loaned 83 countries the sum of $165 billion dollars, including $16.1 billion dollars in concessional financing to 49 low-income countries in FY2020. The Fund said this in its...

Nigeria, 69 Other Countries Get $99bn IMF Cash       The International Monetary Fund (IMF) on Monday released its updated economic funding support totalling $99 billion to 70 emerging and developing economies to tackle COVID-19 pandemic. In an emailed report, the IMF said it advanced $29 billion under...

IMF Projects 10.4% Contraction In Global Trade         The International Monetary Fund (IMF) has projected a 10.4 per cent contraction in global trade as well as a global economic growth rate of -4.4 per cent in 2020. In the just-released biannual World Economic Outlook (WEO) report, the...

WTO: European Parliament Backs Okonjo-Iweala       The European Parliament (EP) has endorsed Nigeria’s candidate for the position of the Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala. The parliament said it screened the two remaining candidates in the WTO DG race, Okonjo-Iweala and Ms. Yoo...

2021 Budget: Increasing IGR To Stave Off Debt Accumulation         Two things that stood out in President Muhammadu Buhari’s 2021 budget presentation at the National Assembly last week are the desire to steer the economy away from racking up debts to increasing its revenue generation capacity...

Population Of Extremely Poor Persons In Nigeria Hits 102m — NECA         There are indications that Nigeria’s poverty level may have further deteriorated as the latest reports of the Nigeria Employers Consultative Association, NECA, shows a 10 percentage point rise in the number of the extreme...