Economy

Nigeria to suffer significant economic impact from crash of oil prices amid coronavirus, IMF says

The collapse of oil prices will have "significant impact" on the Nigerian economy amid an escalating pandemic, the International Monetary Fund (IMF) said in Washington D.C., adding that African nations impacted by COVID-19 can take advantage...

Coronavirus: President Buhari vows to secure Nigeria’s economy

Nigeria has foreseen the economic problems that may come in the wake of the Covid-19 pandemic, and will explore all alternatives to protect her people, President Muhammadu Buhari has said.The President spoke Tuesday...

IMF’s Kristalina Georgieva calls for ‘constant contact’ and ‘close coordination’ to secure global economy amid COVID-19 ‘social distancing’ and ‘quarantine’

The Managing Director of the International Monetary Fund (IMF) Ms. Kristalina Georgieva argued in a policy statement on Monday that "while quarantining and social distancing is the right prescription to combat COVID-19’s public health impact, the...

As economy struggles, foreign reserves tumble and government debt skyrockets, Nigeria’s central bank denies moves to devalue the naira

Nigeria's central bank on Thursday denied it was about to devalue the naira, saying in a statement it had launched an investigation into identifying those spreading false rumors creating panic in the market, including FX dealers.

BREAKING: IMF Managing Director Kristalina Georgieva names Trump-backed Geoffrey Okamoto as First Deputy Managing Director

The Managing Director of the International Monetary Fund (IMF) Ms. Kristalina Georgieva, on Thursday named President Donald Trump-backed Geoffrey Okamoto as First Deputy Managing Director, effective March 30, 2020. The appointment is subject to approval by...

UK contributes £150 million ($194 million) to IMF’s catastrophe relief fund to respond to coronavirus economic impacts

The United Kingdom on Wednesday announced it was contributing £150 million (about $194 million) to the International Monetary Fund’s Catastrophe and Containment Relief Trust (CCRT) to respond to the novel coronavirus economic impacts. CCRT provides debt relief to...

UN postpones Africa climate week in Kampala, Uganda, over coronavirus

The United Nations has put on hold the Africa Climate Week scheduled to take place in Kampala, Uganda, between April 20 and April 24, 2020, to protect participants and prevent the spread of the coronavirus which...

Somalia clears World Bank arrears, paving way for debt relief under heavily indebted poor country

The Federal Government of Somalia on Thursday cleared arrears to the International Development Association (IDA), completing the process of normalizing financial relationship with the World Bank Group, re-establishing access to new resources from IDA, and paving...

Tanzania’s economy stable with growth at 6 percent, inflation under 5 percent and adequate foreign reserves, IMF says

The International Monetary Fund (IMF) said on Thursday Tanzania’s economic conditions remain stable, with economic growth estimated at about 6 percent, inflation at under 5 percent, an adequate level of foreign reserves, and manageable public debt.

IMF makes available $50 billion funding to combat coronavirus, as Kristalina Georgieva warns global growth may drop significantly in 2020

The International Monetary Fund (IMF) is making available about $50 billion through its rapid-disbursing emergency financing facilities for low income and emerging market countries to combat the coronavirus outbreak, IMF Managing Director Kristalina Georgieva said at...
- Advertisement -corhaz2

Latest News

BREAKING: More than 900 people died from coronavirus in U.S. in past 24 hours skyrocketing total death toll above 4000

More than 900 people died from the novel coronavirus in the United States on Tuesday alone,...
- Advertisement -corhaz1

BREAKING: Human Rights Watch says Nobel Peace Prize winning Prime Minister Abiy Ahmed of Ethiopia doing little to investigate deadly October violence in Oromia

The government of Prime Minister Abiy Ahmed Ali of Ethiopia has made little progress in investigating the deadly October 2019 violence...

Sierra Leone schools reopen for pregnant girls, teen moms

The Sierra Leone government’s decision to allow girls who are pregnant or have a child to attend school is an important step to...

U.S. air strikes kill civilians in Somalia then Pentagon brands the dead “terrorists”, Amnesty unearths shocking details

Amnesty International said on Tuesday it had unearthed evidence that the U.S. Africa Command (AFRICOM) killed two civilians, and injured three...

About 800 people already dead from coronavirus in U.S. today as presidential task force projects between 100,000 and 240,000 could die

At least 780 people have already died from the novel coronavirus in the United States today, Tuesday, according to the latest...
error: Support good journalism. Donate