IMF pushes for interest-free loans for developing countries
Multiple economic shocks in recent years, amid a slow rise in per capita income in more than three decades, have…
FG to generate $500m from cashew export in 2023, says NEPC
The Nigerian Export Promotion Council (NEPC) says it plans to double the amount of revenue generated from cashew exports in…
CBN to mop up dormant account balances, unclaimed funds
The Central Bank of Nigeria (CBN) has proposed that banks should transfer funds in accounts that have been dormant for…
IMF advises countries on way out of inflation, currency crises
Countries are expected to adopt a plan to wriggle out of high-level inflation and chronic currency crises, the International Monetary…
IMF boss calls for support for poorest nations
The Managing Director of the International Monetary Fund (IMF) on Wednesday called on the international community to support the world’s…
FG approves N23bn for Third Mainland Bridge maintenance, others
The Federal Government, on Wednesday, approved the total sum of N23.33bn for surface maintenance of the Third Mainland Bridge, Lagos…
Global growth slows to 2% in 2023 – World Bank
The World Bank Group President, David Malpass says global growth is expected to be weak in 2023, slowing to two…
Pension fund assets rose by N1.68trn in one year, says PenCom
The National Pension Commission (PenCom) says total pension fund assets increased from N13.76 trillion to N15.45 trillion in one year.…
Inflation erodes national minimum wage by 41% – Report
Nigeria’s spiralling inflation rate has eroded the N30,000 monthly national minimum wage by more than 40 percent since 2019, a…
Why Nigeria’s debt is on the rise – DMO
The Debt Management Office (DMO) has attributed Nigeria’s increasing debt stock to a combination of factors, including borrowings and the…