Nigeria’s NNPC asks trading firms for emergency gasoline supplies
Feb. 9, 2022 Nigeria’s state oil firm NNPC has asked trading firms for emergency supplies of gasoline to replace cargoes that were rejected because of their poor quality, two sources…
Fuel queues: NNPC seeks emergency supplies to bridge gap
February 8, 2022 The emergent fuel queues may disappear this week as Nigeria’s state oil firm, NNPC Limited, has asked trading firms for emergency supplies of petrol to replace cargoes…
Poor nations pay highest debt service in 20 years – Campaigners
Jan. 25, 2022 Developing countries are paying more to service their debt than at any other time in the past two decades, with a heavier burden on the horizon if…
eNaira as Emefiele’s bell ringer, by Ken Ugbechie
OCTOBER 31, 2021 The launch of eNaira on October 25, should be seen for what it is: A bell ringer for deepening the digital currency bourse by Central Bank of…
IMF: Lack of vaccines looms over sub-Sahara recovery
Oct 21, 2021 A lack of access to vaccines is dampening economic recovery in sub-Saharan Africa and the region will lag behind developed nations for years, the International Monetary Fund…
Nigeria’s economy to grow by 2.7% in 2022 – IMF
Oct. 21, 2021 The International Monetary Fund (IMF) has predicted Nigeria’s economy to grow by 2.6 per cent this year and a 2.7 per cent growth in 2022. This is…
Facing High Debt, Countries Must ‘Calibrate’ Spending – IMF
October 13, 2021 After debt loads surged last year amid the pandemic, governments now must take care to ‘calibrate’ spending, the IMF said Wednesday. Global debt in 2020, including public…
Debt distress would be ‘dagger through the heart’ for global recovery if left unchecked – U.N Chief
Oct. 5, 2021 U.N. Secretary-General Antonio Guterres warned on Monday that if left unchecked debt distress in the world’s most vulnerable countries would be “a dagger through the heart of…
World Bank, IMF face long-term damage after data rigging scandal
Oct 4, 2021 Regardless of whether IMF chief Kristalina Georgieva was to blame for changes to World Bank data in 2017 that benefited China, the scandal has dented the research…
‘Failed’ Coup Attempt Reported In Sudan
Sept. 21, 2021 A coup attempt in Sudan “failed” early Tuesday, state media reported, as the country grapples with a fragile transition since the 2019 ouster of longtime President Omar…