The pandemic has led to an unprecedented increase in debt—issued by governments, nonfinancial corporations, and households the IMF estimated in the latest Fiscal Monitor report. In...
The IMF is warning in its latest Global Financial Stability Report that Covid-19’s lingering impact is fading optimism among investors, which could lead to financial tightening...
The IMF is lowering its global growth projection for 2021 slightly to 5.9 percent while keeping it unchanged for 2022 at 4.9 percent. However, this modest...
Vice-President Yemi Osinbajo has described the country’s exchange rate as “artificially low” and tasked the Central Bank of Nigeria to devalue the naira to reflect the...
The World Bank has revealed that the economy of Sub-Saharan Africa (SSA) is set to expand by 3.3 percent in 2021. In the latest edition of...
The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has reiterated that the central bank is working toward achieving double-digit economic growth and single-digit inflation...
Sub-Saharan Africa is set to emerge from the 2020 recession sparked by the COVID-19 pandemic with growth expected to expand by 3.3 percent in 2021. This...
Nigerians consumed 1.74 billion litres of petrol in the month of August, according to the Petroleum Products Pricing Regulatory Agency on Monday. It said an analysis...
Nigeria’s rising debt profile has continued to gulp more revenue despite efforts to rein in leakages and up revenue generation. In the first half of 2021,...
The World Bank Group’s Board of Executive Directors on September 23, 2021 discussed the new 2022-2026 Country Partnership Framework (CPF) for Djibouti, which supports the country’s goal of...
