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Tanzania speaker resigns after clash with president

Tanzania's parliament speaker Job Ndugai has resigned days after clashing with the president over the government's external loans. The speaker said his resignation was a...

FG committed to reducing global greenhouse emissions – Osinbajo

Osinbajo receives World Bank MD, IMF Article IV Consultation Mission Vice President Yemi Osinbajo says that as the global conversation on transition to cleaner...

Taliban bans foreign currency in Afghanistan

The Taliban has banned the use of foreign currencies in Afghanistan, a move that could further disrupt an economy on the brink of collapse. "The...

Nigeria to get $3bn as IMF’s $650bn SDR comes into effect

The Federal Government of Nigeria is set to receive $3.35 billion as its portion of special drawing rights (SDRs) from the International Monetary Fund...

IMF cautions FG on acquisition of loans

The International Monetary Fund (IMF) has cautioned the federal government to keep its borrowing from the Central Bank of Nigeria within legal limits. The IMF...

IMF excludes Nigeria from debt relief

Nigeria has been excluded from the list of 28 countries granted debt pardon by the Executive Board of the International Monetary Fund (IMF). The Board...

Current food situation unsustainable, FG tells IMF

The Federal Government has raised the alarm that the current food situation in Nigeria and the continent is unsustainable. Minister of Finance Budget and National...

Nigeria owes IMF, World Bank, others $31.98bn

Nigeria’s bilateral and multilateral debts stood at $31.98 billion as of September 2020, according to the latest figures released by the Debt Management Office...

COVID-19: Nigeria gets $3.4bn from IMF

To enable Nigeria and 69 other emerging and developing economies to tackle COVID-19 pandemic, the International Monetary Fund (IMF) on Monday released economic funding...

IMF approves aid for world’s 28 poorest countries

The International Monetary Fund (IMF) has approved new emergency aid for 28 of the world’s poorest countries to help them alleviate their debt and...

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