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IMF Approves $650bn SDR Allocation To Combat COVID-19 crisis

The International Monetary Fund (IMF) has approved a new allocation of Special Drawing Rights (SDR) equivalent to 650 billion U.S. dollars to combat COVID-19...
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IMF Executive Board Backs New $650bn SDR Allocation

The IMF Executive Board has backed the proposal for a new general Special Drawing Rights (SDR) allocation equivalent to 650 billion dollars to address...
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Covid-19: Nigeria’s Economy ‘Gradually’ Recovering, Says IMF

An International Monetary Fund (IMF) team on Thursday said that Nigeria’s economy was “gradually” recovering from the negative effects of the COVID-19 pandemic. IMF disclosed...
Business

Global Trade: Buhari Hosts Okonjo-Iweala, Lists Nigeria’s Requests

'We're Happy You Made It', Says President.. Eyes All-inclusive Int'l Trade WTO DG Offers Investment Support For...
Business

5 Million Solar Installations, Mass Housing Underway Nationwide, Says Presidency

By Akanimo Kufre (The New Diplomat's A/Ibom|C/River Correspondent) Nigeria’s prompt exit from recession is a key indicator of the success of the ongoing Economic Sustainability...
Business

Nigeria Raises Borrowing Limit From 25% To 40% Of GDP

The Nigerian government has raised its borrowing limit from 25 per cent of its Gross Domestic Product (GDP) to 40 per cent, the Debt...
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Buhari: Presidency, PDP In Ferocious War of Words Over New Year Address

*Presidency Blasts PDP: You are ‘University of Lies’, Nigerians will reject you in 2023 *PDP Asserts: Buhari's New Year Address empty, No Road map to...
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