Ngozi Okonjo-Iweala: Perfect Fit For WTO

In the cesspool of corruption and continuous A-grade drama that is Nigeria, only a handful of names have stood out to tell a different story, not only in Nigerian circles but across global scenes, too. One very prominent name to reckon with is the iconic name of Dr Ngozi Okonjo-Iweala, who through sheer hard work […]

Nigerian Border Closure Didn’t Harm Benin Economy–IMF

Economic performance of The Republic of Benin remains strong despite a less supportive external environment and the border closure with Nigeria, the International Monetary Fund has said. The Brenton Woods institutions made this known on Friday after its Executive Board’s Fifth Review Under the Extended Credit Facility Arrangement with that country. Though Benin’s real GDP […]

Lagarde Quits As IMF MD, Heads ECB

Tayo Olanipekun Managing Director of the International Monetary Fund (IMF), Christine Lagarde, has resigned from her position as the Brenton Woods institution boss, effective from September 12. This follows her nomination as the European Community Bank (ECB) President last month, leading to the relinquishment of her roles before now as the IMF MD. David Lipton […]

No Plan To Remove Fuel Subsidy—Finance Minister

Tayo Olanipekun, Washington DC Nigeria does not have any “imminent” plan to remove fuel subsidy as there are currently no buffers to cushion the effect of such action, Minister of Finance, Zainab Ahmed, has said. The Minister said this in Washington DC Sunday morning during a briefing with journalists on the sidelines of the World […]

Nigeria Must Pursue Reforms To Tackle Sluggish Growth

Tayo Olanipekun, Washington DC The International Monetary Fund (IMF) has said Nigeria is one of about 24 resource-dependent economies facing sluggish growth and slower improvements in standards of livings and thus needs to pursue reforms to facilitate economic diversification. Speaking on Friday at the ongoing Spring Meetings of the Fund during the Regional Economic Outlook […]