Dangote refinery’ll drop fuel imports by 450,000bpd, boost export by 200,000bpd—IMF
…Silent on moribund national refineries upon repairs by NNPC The International Monetary Fund (IMF) have joined the Federal Government in praising and explaining the expected contributions of the emerging Dangote Refinery in Lagos, saying the 650,000 bpd capacity would translate…
IMF hails Ghana for stabilizing troubled nine banks
Following the successful completion of recent banking reforms in Ghana which among order things buoyed the stability of trouble nine commercial banks via recapitalization, the International Monetary Fund (IMF) Executive Board has expressed delight on the performance of the Bank…
Like Nigeria, IMF warns Ghana to watch jumping debt profile
Barely three months after the International Monetary Fund (IMF) had warned the Nigerian government of being mindful of its galloping debt profile both domestic and foreign; the international finance watchdog has extended similar caution to Ghana. Business Hilights Ghana Bureau…
Nigeria missing in W’Bank, IMF fastest growing economies in Africa 2018
…As States debt profiles become mind-boggling Latest World Bank and International Monetary Fund (IMF) ranking on Africa’s fastest growing economies 2018 has shown that Nigeria has left top ten contenders to hide at number 41. This is as Anambra State…
Can Nigeria survive additional borrowing of $46bn in funding railway dev?
The recent revelation by Minister of Information, Alhaji Lai Mohammed, that the President has given him approvals to borrow $46 billion from Russian Exim Bank and an undisclosed amount from India to complete the railway project has raised fears of…
IMF, Bill Gates on collusion course over review, implementation of ERGP by FG
More twists are still trailing the federal government’s economic development blueprint, the Economic Recovery and Growth Plan (ERGP) as less than 48 hours after US billionaire and founder of Microsoft group, Mr. Bill Gates called for a review that will…
Confusion as IMF describes increase in excise duties on tobacco, alcohol too low
Barely less than four days after the Federal Government announced a marginal increase in the excise duties being charged by the Federal Government on tobacco and alcohol, the International Monetary Fund (IMF), has described the hike as very low. Explaining…
CBN mute as experts join IMF to harp on containing rising banking sector risks
For more than one week after the International Monetary Fund (IMF) advised the Central Bank of Nigeria (CBN) “to contain rising banking sector risks,” the apex bank is yet to response. However, even as the CBN is yet to react,…
MAN, NECA raise alarm over new 0.5% tax for Competition/Consumer Protection
At a time the International Monetary Fund (IMF) has revealed that Nigerians are getting poorer by the day due to rising cost of essential commodities and dearth of business supporting infrastructures, the Manufacturers Association of Nigeria (MAN) has joined forces…
IMF completes 2018 Article IV Mission to Nigeria, says economy still vulnerable
An International Monetary Fund (IMF) staff team led by Mr. Amine Mati visited Nigeria during December 6-20, 2017 to conduct the 2018 Article IV consultation. Following the conclusion of the visit, Mati, Senior Resident Representative and Mission Chief for Nigeria…
