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Covid-19: IMF Warns Nigeria, Ghana, Others About Soaring Loans

As Nigeria's Debt 'Profile' Grows By Kolawole Ojebisi As dozens of sub-Saharan African countries continue to borrow billions of dollars from international financial institutions, including...
News

Why IMF Projects Deeper Contraction For Nigeria Economy

...Projected Figure For GDP Down From 3.4% In April to 5.4% By Kolawole Ojebisi The International Monetary Fund (IMF) has projected a significant economic contraction for...
Business

[INTERVIEW] Covid-19 Crisis: It’s Time Real Estate Industry Look Into Affordable Housing — Modupe Ogunbanjo, MD, BWC Real Estate

Says Virus Spread Has Made Site Inspection Difficult For Operators, Clients   Builder (Mrs.) Modupe Ndidi Ogunbanjo, Managing Director of BWC Real Estate, Lagos is...
Headline

Fresh $5.5b loan: Buhari Gets Senate’s Approval

President Muhammadu Buhari’s request for a fresh $5.51 billion in external borrowing from international lenders has received the approval of the Senate. The borrowing is...
News

The Loss Of Some African Countries’ Collateral To Int’l Loan Lenders (Termed Neocolonialism) By Sonny Iroche

It is no longer news that some countries have lost some of their National Assets to Foreign lenders, under the Export Credit Agencies (ECA)...
Business

Upset For Nigeria As IMF Explains Conditionalities of $3.4bn Loan

By Hamilton Nwosa(Head, The New Diplomat’s Business and data tracking desk) Contrary to the expectations of many who had hoped that it was a  conditionality-free ...
News

Finance Minister: Why Nigeria Is Borrowing $3.4bn From IMF

Minister of Finance, Budget and National Planning, Zainab Ahmed, has explained why Nigeria is borrowing $3.4bn from the International Monetary Fund. In an interview on...
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