In fulfilment of its commitment to increasing power supply in the country and further tapping into the ‘gas to power’ value chain, the Federal Government has signed a number of agreements that will add more than 500 MW electric power to the National Grid. Specifically...

The World Bank and International Monetary Fund, IMF, have piled pressure on the Federal Government to come up with an economic blueprint, if its drive for foreign loans was not to be stalled. Vanguard gathered that officials of both financial institutions have questioned the...

Details of the federal government’s $29.96 billion External Borrowing (Rolling) Plan for 2016-2018 have revealed that 61.2 per cent of the foreign loans have been earmarked for bankable infrastructure projects while social programmes in health and education, the federal government’s budget support facility, agriculture...

One week after the 2016 annual meetings of the International Monetary Fund (IMF)/World were concluded, the Minister of Finance, Mrs. Kemi Adeosun has explained that Nigeria was able to secure a profound commitment of international investors as a result of the specific requests presented...

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...