10 results
- 16 Oct 2020
Adeduntan, FirstBank Boss Becomes Bretton Woods Committee Member
First Bank of Nigeria Limited has announced that Dr. Adesola Adeduntan, its CEO, has been honoured with membership of Bretton Woods Committee (BWC). FirstBank has also joined Bretton Woods Committee…
- 3 Jul 2019
Global Financial Markets Need Another Bretton Woods – says Luno
July 1 st marked the 75 th anniversary of the start of the Bretton Woods conference, held at Mount Washington Hotel in the United States (1st to 22nd July 1944). The conference created the financial…
- 2 Nov 2021
COVID-19: IMF Says Nigerian Banks Closed 234 Branches, 649 ATMs
International Monetary Fund (IMF) has said Nigerian banks closed 234 branches and 649 automated teller machines (ATMs) in 2020 amid the COVID-19 outbreak. The Bretton Woods institution which said…
- 12 Apr 2024
IMF says Rising Cyber Threats Pose Serious Concerns for Financial Stability
The International Monetary Fund (IMF) has declared that cyberattacks have more than doubled since the pandemic. In a blog released during the week, it pointed out that while companies have…
- 21 Jun 2024
$750m World Bank Loan: FG May Reintroduce Telcoms, Gambling Taxes
Federal government may reintroduce the controversial telecom tax and other fiscal measures to fulfill one of the conditions for The World Bank’s fresh $750 million loan to Nigeria. Experts have…
- 22 Oct 2024
Over 50 Percent of Nigerians Live in Poverty - The World Bank
The World Bank in its latest Nigeria Development Update (NDU), has said that more than half of Nigeria’s population lives in poverty. The report titled ‘Staying the course: Progress amid pressing…
- 16 Dec 2024
Food Inflation Reaches 39.93% as Nigeria's Inflation Rate Hits 34.6%
Nigeria’s headline inflation rate rose to 34.60% in November 2024 from 33.88% in October 2024, the National Bureau of Statistics (NBS) said Monday. The November inflation rate showed an increase of…
- 5 Aug 2026
ITUC-Africa Faults FG’s Plans to Remove Electricity Subsidy
International Trade Union Confederation, (ITUC-Africa), representing trade unions from countries in Africa, has called on Nigeria and other African governments to ensure that industrialisation…
- 21 Jun 2022
FG to Complete Ambitious Digital ID Registry by 2025- Pantami
Professor Isa Ali Ibrahim Pantami, minister of Communication and Digital Economy, has said that Nigeria’s vision is to complete a foundational digital identity database that will be the basis for…
- 15 Dec 2023
IMF Seeks Stronger Cryptocurrency Regulation for Macro-financial Stability
The International Monetary Fund (IMF) has warned that the widespread adoption of cryptocurrencies could undermine and pose serious consequences for the macro-financial stability of countries. The…