El-Rufai launches TSA operations manual

Kaduna state governor Nasir el-Rufai has launched the Treasury Single Account, TSA, Operations Manual. In a statement released on Thursday in Kaduna by his spokesperson Samuel Aruwan, the manual records the experience of Kaduna State in implementing the Treasury Single Account. The launch of the TSA operation manual took place in Lagos during the International... Read More

Featured, The News Blog

IMF, Kaduna State, launch, Nasir el-Rufai, TSA

August 17, 2016

Opinion: Buharinomics – Policy makers, economists and the rest of us

By Akachidike Kanu Nigerians are currently experiencing tough economic times. The prevailing economic climate in Nigeria and the effect on the people have become a thing of serious concern to the nation´s policy makers, economics experts and other stakeholders including the “common man” or the ordinary citizen who invariably bears the full brunt of the... Read More

Buhari, economy, Finance, IMF, nigeria, nysc, opinion, Soludo

August 10, 2016

5 reasons why we should all be blamed for the forex crisis

by Roqeebah Olaoniye When Christine Lagarde of the IMF warned us in January to gear up for economic hardship, we didn’t take her seriously. We were busy in our bubbles, making unrealistic resolutions. Now that the dollar is NGN 400, maybe it’s time we go back to the drawing board and check ourselves. Here are five... Read More

Buhari, Christine Lagarde, economy, Forex crisis, global economy, IMF

July 29, 2016

Fashola makes positive projection for electricity generation

The Minister of Power, Works and Housing, Batunde Fashola has assured Nigerians that the nation’s power generating capacity will be above 6000mW by the end of 2016. The Minister made the disclosure on Thursday in Abuja when he met with a delegation from the International Monetary Fund, (IMF). Fashola, who was represented by the Minister... Read More

The News Blog

babatunde Fashola, corruption, electricity generation, IMF, infrastructure, Power

July 24, 2016

Olusegun Adeniyi: Buhari and the troubled economy

It was a business lunch by a group of investors who had eagerly been waiting for information about the business climate in Nigeria. But their guest, top official of a multinational banking and financial services company, who had spent a week in Lagos and Abuja before returning to the United Kingdom, was evidently in no... Read More

agriculture, AMCON, economy, Goodluck Jonathan, IMF, London, Muhammadu Buhari, Olusegun Adeniyi, qatar

July 22, 2016

The Big 5: These are the stories you should be monitoring today

These are the top five news to monitor today FG confirms that Nigeria is in recession Minister of Finance, Kemi Adeosun, has confirmed that the Nigerian economy is in recession. 2. No plans to impeach me – Yari The Governor of Zamfara state, Abdulaziz Yari has denied claims that the state House of Assembly was... Read More

The News Blog

big 5, Diddy, economic growth, economy, FG, growth, IMF, nigeria

July 22, 2016

Despite IMF negative projection, FG says economy will grow

Contrary to the forecast by the International Monetary Fund that the Nigerian economy will contract further, the Federal Government has said that Nigeria’s economy will pick up in the 3rd quarter of the year with an estimated 3.3 to 3.5 percent growth by the end of 2016. This was revealed on Thursday by the Minister National Planning,... Read More

The News Blog

adeosun, economy, growth, IMF, NEC, nigeria, Osinbajo, recession, Udo Udoma

July 22, 2016

‘Technically, Nigeria is in recession’ – FG confirms

The Minister of Finance, Kemi Adeosun, has confirmed that the Nigerian economy is in recession. Speaking with Senators on the state of the economy, Adeosun projected that the economy will however grow further. Even as she added that Nigeria, despite the recession, is still the largest economy in Africa. She faulted the IMF’s position that... Read More

Featured, The News Blog

adeosun, capital, economy, government, growth, IMF, nigeria, recession

July 12, 2016

IMF predicts inflation surge for Nigeria

The International Monetary Fund (IMF) has admitted that the Nigerian economy will perform below the initial expectation of the IMF for the country this year. IMF actually said, on Monday in Abuja, the economy “will probably” shrink in 2016. The body’s resident representative in Nigeria said energy delayed signing of the budget as well as... Read More

The News Blog

Buhari, economy, France, IMF, inflation, leon gene, nigeria, Osinbajo

June 19, 2016

Seun Onigbinde: New FX rule and a year of ‘Yes men’

By Seun Onigbinde In Marianne M Jennings’ book – The Seven Signs of Ethical Collapse, she stated stern warnings that CEOs must watch out for to avoid landing in a pit. It applies to leaders in government too. A culture of fear and silence and young guns larger than life around CEOs (read leaders) are critical points that trouble great entities. Officials... Read More

Budgit, Buhari, economy, IMF, New FX rule, Niger Delta Avengers, Yes Men

May 14, 2016

Report: Buhari devalues Naira 290 to Dollar

President Muhammadu Buhari has agreed to demands to devalue the Nigerian currency to N290 against the dollar, according to SaharaReporters. This is coming just barely a day after removal of fuel subsidy by the Buhari administration, increasing the price of fuel to N145 a liter. According to the report, President Buhari made the decision together with... Read More

The News Blog

CBN, dollar, IMF, President Muhammadu Buhari

February 24, 2016

IMF to Buhari: ‘Remove restriction on access to forex’

The International Monetary Fund (IMF) has urged President Muhammadu Buhari to remove the restrictions around Nigeria’s foreign exchange policy. The Fund advised that Nigeria’s exchange rate should be allowed ‘to reflect market forces more’ while also advising that the federal government should focus on improving the ‘functioning of the interbank foreign exchange market’. Nigeria’s growth... Read More

The News Blog

Forex, forex policy, IMF, naira, nigeria, president buhari

February 4, 2016

Opinion: It’s déjà vu, all over again! (Nigeria’s non-oil economic growth, IMF and SAP)

Earlier this year, the Managing Director of the International Monetary Fund (IMF), Christine Lagarde, paid a 4-day working visit to Nigeria and the long-standing distrust of Bretton Woods’ institutions was again brought to the fore. Not even the quick denial of an IMF loan programme by Ms. Lagarde could calm anxious Nigerians from flooding the... Read More

Christine Lagarde, economy, IMF, nigeria, SAP

January 12, 2016

Bayo Oluwasanmi: Okey Ndibe’s false bias, Buhari’s corruption war and the unknown Nnamdi Kanu

“So, the fight is on two levels: one, directly against corruption and the second is that you are going to prepare for a counter attack. That is where we are at the moment and there is no retreat.” – Wole Soyinka It was one of those articles that at once makes President Muhammadu Buhari so... Read More

Emefiele, Forex, IMF, Saraki

January 6, 2016

Opinion: IMF Chief, Christine Lagarde’s visit to Nigeria is both timely and necessary

In the light of recent public commentaries by concerned Nigerians regarding Christine Lagarde’s visit to Nigeria, I would like to say as a Nigerian trained economist that there is absolutely nothing wrong in the visit. I would also add that the visit couldn’t have come at a better time – especially given the present acute... Read More

Chrsitine Lagarde, IMF, nigeria, president buhari

January 5, 2016

IMF boss, Lagarde didn’t meet with President Buhari to negotiate a loan – See why she visited

The global fall in the price of oil hit Nigeria quite badly and has give rise to a revenue shortfall for the nation. This has resulted in the Federal Government proposing to borrow to the tune of trillions to sustain the economy of the country. However, on Tuesday, January 5, Christine Lagarde, managing director, International Monetary Fund said... Read More

The News Blog

economy, Federal Government, Finance, IMF

July 1, 2015

Thousands contribute to save Greece from going flat broke

Greece is in a financial crisis, as the country’s bailout program with its European creditors officially expires today Tuesday, July 1. The country failed to make a scheduled debt repayment of about 1.5 billion euros, to the International Monetary Fund. Consequently, Greece, having defaulted, will not have access to any of the money still available if it... Read More

The News Blog

bailout, default, europe, Germany, Greece, IMF, Indiegogo

April 29, 2015

Pat Utomi: What change really means for Nigeria

by Pat Utomi You are right again, Einstein. The old thinking that created this problem will not fix it. Nothing is more desperately needed than a new way of thinking about our problems in Nigeria, but there are ever present dangers if old ways still hold sway. In the area of the greatest urgency, saving... Read More

Albert Einstein, IMF, International Monetary Fund, pat utomi

April 2, 2015

Opinion: What if the elections had held in February?

by Ralph Egbu …we have closed our senses to doing the small things that matter and that omission has led to huge dislocations that are manifesting in the rule of the jungle. Last week in the piece, Jega’s troublesome dilemma, I expressed deep displeasure over the manner INEC handled the issue of printing and distribution... Read More

Festus Odumegwu, IMF, International Monetary Fund, Nigeria Decides 2015, Ralph Egbu, World Bank

August 4, 2014

Ghana seeks IMF assistance to stabilise stumbling Cedi

by Tunji Andrews Battling with mounting budget deficit and currency freefall, Ghana’s government disclosed on Saturday that it will seek an International Monetary Fund programme as part of efforts to stabilise the economy and halt a slide in the cedi. Desperate for urgent measures to boost the cedi, Ghana’s president John Mahama had requested his... Read More

Ghana Cedi, IMF, International Monetary Fund, John Mahama, Seth Terkper

April 14, 2014

Cheta Nwanze: Sacking the entire police force won’t be such a bad idea

by Cheta Nwanze A few minutes ago, a bomb went off at the Municipal Bus Terminal in Nyanya, Abuja. There have been many casualties. May God rest the dead. Sometime last week, Georgia’s former Prez, Mikheil Saakashvili was in Lagos to talk down on us about economic success. One of the things he mentioned, was... Read More

April 13, 2014

Cheta Nwanze: Yesterday I slept with NEPA… and she was good

by Cheta Nwanze I’d have made a comment about the toothless bulldog, but the last time I did, not a few, err, toothless bulldogs sent an awful lot of barks in my direction. So I’ll pass. I slept with NEPA for the first time in a long time yesterday, and she was ridiculously good. But not... Read More

April 7, 2014

Cheta Nwanze: What Nigeria needs to know about the ‘global economy’

by Cheta Nwanze Today’s piece is about economic systems, the World Bank and the IMF, and whether they have they helped Nigeria or not. The reason I chose this particular topic for today is because of our new economic standing as Africa’s “biggest” economy. It took centuries before capitalism’s survival and future growth depended on... Read More

Cheta Nwanze, economy, global, IMF, nigeria, opinion, World Bank, ynaija

February 24, 2014

Opinion: Wait, was Pastor Adeboye one of those who got Sanusi suspended?

by Adekoya Boladale Mallam Sanusi’s verbal diarrhoea manifested recently at the annual TEDX Talk in Abuja where he accused the General Overseer of the Redeemed Church of God, Pastor Enoch Adeboye of aiding corruption and defending rogues like Erasmus Akingbola who was accused of siphoningdepositors’ funds and influencing stock fraud. In a palace coup reminiscent... Read More

Adekoya Boladale, CBN, diezani madwueke, IMF, Ngozi Okojo-Iweala, opinion, Pastor Adeboye, President Goodluck Jonathan, sanusi lamido sanuis, suspend, World Bank, ynaija

July 7, 2013

Simon Kolawole: Egypt – From Arab Spring to Arab Fall

by Simon Kolawole We can say Morsi has been successfully ousted as President of Egypt, but there is no assurance that the next president would be the messiah. What this development requires, then, is some perspective. Did Morsi fail? What could he have done better? He looked at me straight in the eye, clearly agitated.... Read More

Coup, egypt, Ghana, Hosni Mubarak, IMF, Mario Cuomo, Mohamed Morsi, ncc, nigeria, SIM card, simon kolawole

June 26, 2013

Japheth Omojuwa: Barack Obama’s American business in Africa (Y! FrontPage)

by Japheth Omojuwa Africa is a land of opportunities. The only sad part of this is that most Africans are not aware of this reality. President Barack Obama is not in Africa because of what the United States can give to Africa, he is in Africa because of what the United States can get from... Read More

AGOA, barack obama, China, East Africa, HIV/AIDS, IMF, japheth omojuwa, senegal, south africa, Tanzania, West Africa, Y! Frontpage

May 10, 2013

Why are the World Bank and IMF praising us? – and more, in today’s news roundup with Cheta Nwanze

by Cheta Nwanze “An attack on the King’s soldier is an attack on the King himself.” The above statement was made by an unnamed English magistrate sent by Edward I (1239 – 1307) to pacify the Scots when they dared rebel against English rule. As a King, Edward (nicknamed Longshanks because of his height) was... Read More

Badagry, Baga, Cheta Nwanze, IMF, NUJ, Odi, ThisDay, World Bank, Zaki Biam

March 5, 2013

Opinion: Nigeria’s GDP – Punching below its weight

by Tunji Andrews Nigeria no longer stands on the that top ten list of “fastest growing countries”. Our 6.5% GDP fell way short of our African brothers like Libya (12.2%), Mozambique (8.2%), Rwanda (7.8%) and Ghana (7.6%), who all managed to make the top ten listings in 2012. For me this places a giant ‘F’... Read More

economic growth, GDP, Ghana, IMF, libya, nigeria, Rwanda, World Bank

May 17, 2012

I felt “a tinge of disappointment”- Okonjo-Iweala on losing World Bank presidency and more

by Lekan Olanrewaju Co-ordinating Minister of the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala recently grant an interview to the International Monetary Fund’s “Surver Magazine” in which she talked about her recent World Bank presidency bid, the need for African economies to diversify, and Nigeria’s economic growth. See text of the interview below. IMF Survey... Read More

IMF, Okonjo-Iweala, World Bank

El-Rufai launches TSA operations manual

Opinion: Buharinomics – Policy makers, economists and the rest of us

5 reasons why we should all be blamed for the forex crisis

Fashola makes positive projection for electricity generation

Olusegun Adeniyi: Buhari and the troubled economy

The Big 5: These are the stories you should be monitoring today

Despite IMF negative projection, FG says economy will grow

‘Technically, Nigeria is in recession’ – FG confirms

IMF predicts inflation surge for Nigeria

Seun Onigbinde: New FX rule and a year of ‘Yes men’

Report: Buhari devalues Naira 290 to Dollar

IMF to Buhari: ‘Remove restriction on access to forex’

Opinion: It’s déjà vu, all over again! (Nigeria’s non-oil economic growth, IMF and SAP)

Bayo Oluwasanmi: Okey Ndibe’s false bias, Buhari’s corruption war and the unknown Nnamdi Kanu

Opinion: IMF Chief, Christine Lagarde’s visit to Nigeria is both timely and necessary

IMF boss, Lagarde didn’t meet with President Buhari to negotiate a loan – See why she visited

Thousands contribute to save Greece from going flat broke

Pat Utomi: What change really means for Nigeria

Opinion: What if the elections had held in February?

Ghana seeks IMF assistance to stabilise stumbling Cedi

Cheta Nwanze: Sacking the entire police force won’t be such a bad idea

Cheta Nwanze: Yesterday I slept with NEPA… and she was good

Cheta Nwanze: What Nigeria needs to know about the ‘global economy’

Afrobeat artiste, Seun Kuti drops Zombie video for IMF ft. M1 (WATCH)

Opinion: Wait, was Pastor Adeboye one of those who got Sanusi suspended?

Simon Kolawole: Egypt – From Arab Spring to Arab Fall

Japheth Omojuwa: Barack Obama’s American business in Africa (Y! FrontPage)

Why are the World Bank and IMF praising us? – and more, in today’s news roundup with Cheta Nwanze

Opinion: Nigeria’s GDP – Punching below its weight

I felt “a tinge of disappointment”- Okonjo-Iweala on losing World Bank presidency and more

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