The Central Bank of Nigeria Governor, Olayemi Cardoso, has inaugurated the new Board of the Agricultural Credit Guarantee Scheme Fund (ACGSF). The apex bank made this known in a statement on Wednesday, December 10. Cardoso said the inauguration of the ACGSF board reaffirms the apex bank’s commitment to strengthening Nigeria’s agricultural sector. He highlighted the …
The World Bank has raised concerns over the inefficiency and poor targeting of Nigeria’s social safety net programmes, revealing that less than half of total benefits actually reach poor households despite the majority of beneficiaries being from low-income backgrounds. In its latest report titled “The State of Social Safety Nets in Nigeria,” the global financial …
The International Monetary Fund (IMF) has concluded its latest mission to Senegal without finalizing a new lending programme, though discussions are still ongoing. Mission Chief Edward Gemayel confirmed that negotiations would continue in the coming weeks, noting that Senegal’s government was committed to restoring fiscal discipline after uncovering billions of dollars in unreported debt left …
Veteran Nollywood actress, Idowu Phillips, fondly known as Mama Rainbow, has celebrated her 83rd birthday and 60 years on stage, marking a remarkable milestone in Nigeria’s entertainment history. The iconic actress took to Instagram on Thursday, October 16, to express profound gratitude to God, her family, fans, and colleagues for their unwavering love and support …
The International Monetary Fund (IMF) has commended Nigeria's decisive monetary and fiscal reforms, acknowledging their positive impact on stabilising the economy, reducing inflation, and bolstering foreign exchange reserves. At the launch of its latest World Economic Outlook (WEO), the IMF revised Nigeria's growth forecast upward, predicting a 3.9% growth in 2025 and 4.2% in 2026. …
World maritime powers are meeting in London this week to negotiate what could become a landmark climate deal for the global shipping industry. The proposed measure seeks to cut emissions, fund green energy, and push ships away from fossil fuels. At the heart of the talks is a plan to introduce a global fee on …
Botswana has introduced a new rule aimed at increasing local ownership in the mining sector, as part of broader efforts to ensure citizens benefit more directly from the country’s mineral wealth. The change, which amends the Mines and Minerals Act, previously gave the state the right to buy a 15% shareholding in any mining concession. …
The International Monetary Fund (IMF) has urged countries to prioritise reducing their debt levels, warning that excessive debt suffocates economies. The Managing Director, Kristalina Georgieva, gave the advice on Monday, October 13 during the civil society organisation (CSO) town hall at the ongoing annual meetings of the World Bank and IMF. She said countries can …
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, would lead Nigeria's delegation to the World Bank and International Monetary Fund Annual Meeting in Washington, DC. The meeting opens on Monday, October 13, according to a statement on Sunday, October 12 signed by the Special Adviser to the President on Information and Strategy, …
International Monetary Fund (IMF) Managing Director Kristalina Georgieva today announced her intention to appoint Nigel Chalk as Director of the Fund’s Western Hemisphere Department (WHD). Mr Chalk will assume his new role effective October 27, 2025. A UK and Irish national, Mr Chalk brings to the role nearly three decades of experience at the Fund. …
