NURTW condemns fuel, electricity tariff increments
The Hope National Union of Road Transport Workers has asked the Federal Government to reverse the current increment in the price of petrol and electricity....
Tag : International Monetary Fund
Nigeria might fall into recession as virus takes toll – budget office
Nigeria might fall into recession in the third quarter, the head of the country’s budget office said on Thursday, citing the impact of low oil...
Nigeria’s Q3, Q4 GDP to reflect further economic slowdown – presidency
Nigeria expects the third and fourth quarters to reflect the continued effects of a slowdown, after the economy contracted by 6.1% in the second quarter,...
Nigeria’s $1.5 billion World Bank loan delayed over reforms – sources
ABS-CBN The World Bank is unlikely to approve a much-needed $1.5 billion for Nigeria in August as planned due to concerns over desired reforms, three...
Algeria economy rocked by one-two punch of coronavirus crisis
Currency depreciation, inflation, negative growth, businesses closed: Algeria’s economy has been battered by the one-two punch of the coronavirus crisis and tumbling oil revenues. And...
IMF approves $171.9 million to Madagascar to address coronavirus pandemic
The International Monetary Fund (IMF) approved $171.9 million of funding to Madagascar, it said on Thursday, bringing the total COVID-19 emergency support to the country...
AfDB approves $300 million loan to South Africa
The African Development Bank (AfDB) has approved a roughly 5 billion rand ($300 million) loan to the South African government to help it fight the...
IMF approves $7.6 million debt relief to Burundi
The International Monetary Fund said it had approved $7.6 million debt relief to Burundi to help address the economic impact of the COVID-19 pandemic. It...
Lebanon central bank sets up committee to restructure banks
Lebanon’s Central Bank has set up a committee to restructure financially-stricken commercial banks and study their performance, a memo by the bank seen by Reuters...
Tunisia seeks late debt payments as crisis hits economy, state budget
Tunisia has asked four countries to delay debt repayments, it said on Monday as it announced more pessimistic economic and budget forecasts for 2020 because...