Overshadowed by international crises, the International Monetary Fund (IMF) and the World Bank annual meeting is due to start on Monday in the U.S. capital, Washington. The meeting is to bring together finance ministers, representatives from the financial sector and development cooperation, as well as central bankers. The discussions, set to run until Sunday, are […]
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President of Dangote Group, Aliko Dangote remains the richest man in Africa, and now the 65th richest man in the World, despite the volatility of the Nigerian currency against the dollar. Bloomberg, in its latest top 500 Billionaires Index released on Thursday, revealed that Dangote with a wealth of $28 billion had his wealth increased […]
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The Central Bank of Nigeria (CBN) has secured the cooperation of some International Money Tranfer Organisations (IMTOs) to double the flow of remittance to Nigeria in its current bid to consolidate the modest improvement in the foreign exchange market dynamics. Mr. Olayemi Cardoso,the CBN Governor, who disclosed this in Washington DC also said that the […]
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President Joe Biden has announced that the United States will bring together leaders from across the African continent for a major summit in December in Washington to discuss pressing challenges from food security to climate change. “The summit will demonstrate the United States’ enduring commitment to Africa, and will underscore the importance of U.S.-Africa relations […]
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Emirates, the world’s largest international airline, has restated its commitment to strategic partnership with its local agents as it held a recognition event in honour of its top travel agents in Lagos recenttly. The event was the first to take place since the outset of the pandemic, and gathered the industry’s best, reaffirming the airline’s […]
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Nigeria is currently standing as the number one country in Africa in the International Monetary Fund (IMF) 2020 World Economic Outlook’s ratings of countries. Using countries’ GDPs, IMF ranked Nigeria among the first 26 countries in the world in the same position with an average $442,976 million. Countries are sorted by nominal GDP estimates from […]
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The Organisation of Petroleum Exporting Countries, OPEC, has identified sentiment, speculation and rumours as major determinants of developments in the global oil market. In his presentation at the Ninth IEA-IEF-OPEC Symposium on Energy Outlooks in Saudi Arabia, OPEC’s Secretary-General, Dr. Mohammad Barkindo stated: “Unfortunately, the oil market can often be subjected to forces which are […]
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The Director-General of the World Trade Organisation (WTO), Roberto Azevêdo, has said the trading system must evolve if it is to have a bright future. Azevêdo described the risks posed by the current trade tensions, which he said brought the need to address the challenges in the trading system into even sharper focus. The WTO […]
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Participating in a series of ministerial discussions during the just concluded World Economic Forum’s (WEF) annual meetings in Davos, Switzerland, the Director-General of the World Trade Organisation (WTO), Roberto Azevêdo reviewed the challenges and opportunities facing global trade today, and stressed that the trading system must evolve if it is to remain relevant. The meetings […]
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The International Monetary Fund has put the global debt at $180 trillion, warning highly indebted emerging-markets and low-income countries against what it termed pro-cyclical fiscal policies. IMF Managing Director, Christine Lagarde, in a statement issued at the conclusion of the Group of 20 Summit in Buenos Aires, called for collaborative action by G-20 leaders as […]
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Of the nearly 7.5 billion people on the planet, Forbes has identified the one person out of every 100 million whose actions mean the most. Xi Jinping, General Secretary of the Communist Party of China, seizes the top spot on Forbes’ 2018 ranking of The World’s 75 Most Powerful People for the first time ever. […]
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Philanthropist and Founder of the Tony Elumelu Foundation Mr Tony Elumelu has tasked world leeaders to give priority to the development of African youths by churning out the policies and regulatory issues impeding their innovations towards helping to attract foreign investors. During the annual spring meetings of the International Monetary Fund and the World Bank […]
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