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Falana-led Coalition Demands Probe Into Alleged Diversion of Nigeria’s $3.4 Billion COVID-19 IMF Loan

ABUJA, Nigeria — The Alliance on Surviving COVID-19 and Beyond (ASCAB), a coalition of 70 labour and civil society organisations, has called on Nigeria’s...

Nigeria Clears $3.4 Billion IMF COVID-19 Loan Ahead of Schedule

ABUJA, Nigeria — Nigeria has fully repaid the $3.4 billion loan secured from the International Monetary Fund (IMF) in 2020 under the Rapid Financing...

Tariffs: IMF Sounds Warning, Says ‘Ships at Sea Don’t Know Which Port to Sail to’

WASHINGTON, USA - Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), has raised alarm over the growing erosion of trust between...

ActionAid Nigeria Rebukes World Bank’s Endorsement of Tinubu’s ‘T-Pain’ Reforms

ABUJA, Nigeria — ActionAid Nigeria has strongly condemned recent comments made by World Bank Senior Vice President and Chief Economist Indermit Gill, calling his...

Kristalina Georgieva Reappointed as IMF Managing Director for 2nd Term

WASHINGTON DC, USA - The Executive Board of the International Monetary Fund (IMF) confirmed on Friday, April 12, 2024, that Kristalina Georgieva has been...

Cheta Nwanze: On COP28, Let’s Focus Please [MUST READ]

Thus, it should be no surprise that fast forwarding to 2023, Nigeria's COP28 delegation turned heads with, for example, the unexpected inclusion of the...

Nigeria’s Fantasy: The Thin Line Between Bold Budgeting and Fiscal Fiction [MUST READ]

The Minister of Budget and Economic Planning, Atiku Bagudu, recently unveiled the government’s budgetary proposals for the 2024 fiscal year. A budget is a...

World Bank: Nigeria Faces Rising Poverty Rates as Inflation Soars

ABUJA, Nigeria - According to the World Bank, Nigeria has experienced one of the highest inflation rates globally, which has pushed an estimated four...

IMF Set To Recommend Approval Of Nigeria’s $3.4 Billion Loan Request

The International Monetary Fund, IMF is expected to recommend the approval of $3.4 billion in emergency funding to Nigeria to assist the country deal...

IMF Worries Over Rise In Violence And Domestically Displaced Persons In Nigeria

The International Monetary Fund, IMF, says it is concerned with the rising numbers of Internally Displaced Persons, IDPs,  in Nigeria and other Sub-Saharan African...

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