Muhammadu Buhari is a retired Nigerian Army Major-General and has served as Military Head of State in Nigeria between 1983 to 1985. In 20 months as Head of State, about 500 politicians, officials and businessmen were jailed for corruption during his stewardship. Detainees were released after releasing sums to the government and agreeing to meet certain conditions.
Don't give the Nigerian govt any loan, we're not ready to repay such loans"- NINAS tells IMF, others
It is no news that the Nigerian government is seriously complaining that there is no money in the country, and as such, the government is planning on going to developed countries to request a loan. Recall that president Muhammadu Buhari wrote to the Senate and the House of Representative requesting the resolution of the National Assembly of the new external loan of N2 trillion.
According to a report from Peoples Gazette, the International Monetary Fund has announced that it will not provide financial assistance to Taliban-controlled Afghanistan due to a lack of clarity about the country's leadership following the Taliban's takeover of Kabul on Sunday. This was announced by the global financial institution on Wednesday.
Many of the world’s poorest nations are in Africa.Most economies are unstable and poverty is widespread.Some African countries, however, have the fastest growing economies in the world.
The Nigerian entertainment industry is undoubtedly one of the best industries in Nigeria. It is dominated by two sub-industries, the Nollywood and Music industry. These two industries have become one of the core revenue-generating sectors for the country. Photo credit: Next Edition. According to a 2020 statistical report made on the international trade administration, the United States' official website of the international trade administration, the entertainment industry generates over 7 billion dollars for the Nigerian economy.
News reports stated that as at yesterday,analysts projected a speedy economic recovery for Nigeria as crude oil prices reach $60 per barrel. In order to lower the fiscal sustainability risks,the International Monetary Fund (IMF) pointed out the necessity for the Federal Government to increase revenue mobilisation drive. The researchers appealed to the Federal Government to be wise in the utilisation of the extra earnings that come from the increase in oil price at the global market. They also pointed out that
Today's Headlines: Ferdinand Blasts Man United Star; IMF Activates $650b SDR To Boost Global Economy
Former Manchester United star, Rio Ferdinand, has told the club’s forgotten defender, Phil Jones to find another club. Ferdinand believes the England defender is now a waste of time at Old Trafford and should have left Manchester United ‘ages ago’. He blasted the player for blocking a Manchester United academy player from being part of the first team.
Popular EndSars Activist, Aisha Yesufu has taken to her verified Twitter handle to indirectly talk about the many loans and debts borrowed by the Nigerian Government to tackle some economic and security problems in Nigeria. Aisha Yesufu. According to Quartz Africa, Nigeria's public debt was N32.9 trillion, or $86.3 billion, in December 2020, according to the country's Debt Management Office in the most latest official figures available.
Africa is a continent with many wealthy nations but unfortunately, Africa is also a home to most of the poorest countries in the world. The African economy is improving day by day. Here in this article today, we are discussing the richest countries in Africa using GDP current prices in US Dollars, all figures are based from the latest annual reports from the International Monetary Fund (IMF). 1) NIGERIA_ THE RICHEST COUNTRY IN AFRICA (GDP: $446.543 Billion) The West African country with population of over 200
MUMBAI, India — "Namaste Wahala", a romantic tale of an Indian kid and a Nigerian young lady that delivered on Netflix on Valentine's Day, unites the Indian and Nigerian entertainment worlds, two of the biggest on the planet, interestingly.
International Monetary Fund has came out to criticize the way cryptocurrency operates.It backed the recent ban of cryptocurrency operation by the Central Bank of Nigeria.
Today's Headlines: FC Barcelona Former President Arrested, 100 People Kidnaped As Bandit Attacks Zamfara
Prominent APC Chieftain Releases Powerful Revelations.The Structural Adjustment Programme (SAP) of former Nigerian military ruler General Ibrahim Badamasi Babangida in 1986 has been pointed at as the cause of extreme poverty in the country.
The United States is a country located in the North American continent.It consists of 50 states.It is one of the world's leading countries in areas of total area.It is the world's third most populated country because it has 328 million people.
Here are highlights from News Headlines today Feburary 9, 2021: 1. Labour to Govt: It will be insensitive to hike fuel price: Following the looming fuel price increase, Labour on Monday said it will be a betrayal of trust if the FG okay the fuel pump price. Talks were still ongoing between Labout and FG in the aftermath of the last increament. 2. Naira overvalued at official market, IMF tells CBN: The International Monetary Fund (IMF) has said the Naira was over valued at 18.5% at the official market. They are
The International Monetary Fund says Nigeria has made a vow to avoid the return of fuel subsidy as well as putting an end to electricity tariff shortfalls before June this year. The Federal Government of Nigeria decided to remove petrol subsidy back in March last year after reducing the pump price of the same product from N145 to N125 after a drop in crude oil prices. They believe that lifeline tariffs and other relief measures are adequate to protect poorer households from increases in electricity prices and
Pandemic seldom occurs. Often, when it hits the human landscape, the disaster leaves behind a telling sign of a world economy characterised by incalculable loss and disrupted human activities. The road to recovery of such a devastating crisis takes time. Nobody envisaged COVID-19 pandemic, neither gave thought to it becoming a global challenge nor was any prophecy uttered of a disquieting 2020. The coronavirus pandemic later christened COVID-19 by the World Health Organisation (WHO) is not different from the
A China-Europe Railway Express train departs from Jinhua, East China's Zhejiang province on November 26, 2020. Photo by Hu Xiaofei/People’s Daily Online By Wu Lejun, People’s Daily The International Monetary Fund, in its latest World Economic Outlook, said that China—with effective epidemic containment measures, a forceful public investment response, and central bank liquidity support have facilitated a strong recovery. Helger Berger, the IMF’s China mission chief and Assistant Director in the IMF’s
International Monetary Fund (IMF)'s Representative to Nigeria Mr. Ari Aisen made known in a virtual press briefing that there was absolutely nothing wrong in the Central Bank of Nigeria (CBN)'s policy on Cryptocurrency, that other Central Banks the world have the same policy, regarding cryptocurrency. Mr. Ari Aisen stated that it is true that crypto currencies were being used as a medium for money laundering and drugs trafficking and that the Central Bank of Nigeria was every way right in it suspension of Cryptocurrency.
1998 Titanic becomes the first film to gross $1 billion James Cameron's epic account of the sinking of the Titanic had a budget of $ 200 million and grossed over $ 2 billion in the end.People call it the Vovage of love.
The International Monetary Fund (IMF) has advised the Nigerian government to increase its VAT rate from 7.5 percent to 10 percent within a year. The commission also recommended a 15 percent increase over the next three years, due to the difficult economic situation in the country. The International Monetary Fund (IMF) said in a statement that its decision was based on "rising inflation, falling oil prices and rising unemployment in the country." cholera epidemic IMF headquarters The commission called on the