Zambia’s currency surges after $1.3 billion IMF deal
The International Monetary Fund approved 38-month arrangement with Zambia under the Extended Credit Facility (ECF) around $1.3 billion, or 100 percent of quota to the country has led to the…
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International Monetary Fund
Nigeria’s oil rigs rise by 37% in Q2 amidst output loss
Africa’s biggest oil-producing country has recorded a 35percent increase in oil rigs in the second quarter of 2022, data obtained from the Organisation of the Petroleum Exporting Countries,…
Nigeria among countries transparent on IMF pandemic funding
The International Monetary Fund (IMF) on Wednesday named Nigeria among the 73 countries that have used its funding to fight Covid-19 pandemic.
The Fund stated this on its twitter handle…
Nigeria’s e-Naira pushes African central banks to explore digital currency…
The International Monetary Fund (IMF) has said several sub-Saharan African central banks are exploring or in the pilot phase of a digital currency, following Nigeria’s introduction of…
Cost of living in Nigeria worsens on lingering Russia-Ukraine war
As the Russia-Ukraine war continues to upend global markets, the impact is being felt in Nigeria where the cost of living is rapidly rising and pushing many people deeper into poverty.…