•Malema and World Bank headquarters in Washington, DC South African opposition leader, Julius Malema, has cautioned the continent against loans from Brentwood organisations and others, warning that such moves can undermine Africa. Malema spoke yesterday in Enugu as a keynote speaker during the opening ceremony of the Nigeria Bar Association (N...
•IMF logo and Tinubu When the International Monetary Fund (IMF) released its latest Article IV Consultation report on Nigeria last week, the tone was broadly optimistic but experts see deeper pain across the country. The IMF’s prescription, according to the analysts, reads more like a recipe for prolonged hardship, reports The Guardian. The F...
•Tinubu The International Monetary Fund (IMF) yesterday confirmed that Nigeria has fully repaid the $3.4 billion COVID-19 financial support it got under the Rapid Financing Instrument (RFI). But despite the confirmation, the government is still indebted to the multilateral organisation to the tune of about $30 million, which is the Special Dra...
•NLC President Joe Ajaero A few days ago, the leadership of the Nigeria Labour Congress, NLC, on behalf of the Nigerian workers, received a two-man delegation from the International Monetary Fund, IMF, comprising the IMF Resident Representative for Nigeria, Christian H. Ebeke, and, Axel Schimmelpfennig from Washington, D.C. The purpose of the ...
•IMF Managing Director Kristalina Georgieva The IMF said today it now believed China’s economy will only grow by four percent this year, well below Beijing’s official target as it fights a mounting trade war with the United States that threatens to hammer the global economy. China and the United States — the world’s two largest […]...
•IMF Managing Director, Kristalina Georgieva The International Monetary Fund (IMF) yesterday advised heavily-indebted countries to seek debt restructuring where necessary to restore macroeconomic stability and sustainable growth. In a report titled: “Toward a Better Balanced and More Resilient World Economy” released ahead of the IMF/World Ban...
•Tinubu The International Monetary Fund, IMF, has said that Nigeria is still facing significant uncertainty in its economic outlook despite wide ranging reforms. Concluding its 2025 Article IV Consultations with Nigeria’s public policy executives during the week, IMF’s team, led by Axel Schimmelpfennig, its mission chief for Nigeria, acknowled...
Despite Nigeria’s economic growth, a troubling trend has emerged—Gross Domestic Product (GDP) per capita is steadily declining, highlighting the country’s shrinking prosperity. The International Monetary Fund (IMF) has raised concerns that this persistent downturn reflects worsening economic conditions, even as Nigeria improves in overall GDP ...
•Tinubu Prof Ibrahim Gambari, former Chief of Staff to ex-President Muhammadu Buhari, has urged the administration of President Bola Tinubu to tweak some of its policies adopted from the World Bank and the International Monetary Fund (IMF). “Ultimately, what’s the value of the policies that the people do not support?” the octogenarian diplomat...
The federal government has spent $1.36 billion to service outstanding debts owed to 12 international and multilateral creditors in the first six months of 2024. This is according to an analysis of data from the public debt reports released by the Debt Management Office. The figure for payments made between January to June 2024 represents [&hel...
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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