By Nana Musa Mr Jason Wu, Assistant Director for Global Markets, International Monetary Fund (IMF), said that the recent government reforms had improved Nigeria’s macroeconomic outlook. Wu said this at the ongoing IMF/World Bank 2025 Spring Meetings in Washington, D.C. on Tuesday, during the release of the agency’sContinue Reading
By Nana Musa The International Monetary Fund (IMF) has released it new economic outlook report, reversing Nigeria’s economic growth projections for 2025 and 2026. The April report was released on Tuesday during World Economic Outlook (WEO) at a press briefing at the ongoing IMF/World Bank 2025 Spring MeetingsContinue Reading
Harvard University sued the Trump administration in federal court on Monday in a bid to block a freeze on billions of dollars in federal funding, according to university president Alan Garber. “Moments ago, we filed a lawsuit to halt the funding freeze because it is unlawful and beyond the government’sContinue Reading
Queen Sonja of Norway has been flown to hospital by rescue helicopter. The Norwegian royal court announced on Tuesday that the queen, who is 87 years old, was admitted to the University Hospital in Oslo due to breathing difficulties. The radio station NRK reported that Sonja arrived at the hospitalContinue Reading
Dutch football club Go Ahead Eagles ended a 92-year trophy drought when they beat AZ Alkmaar 4-2 on penalties for a first national Cup title. The club from Deventer converted all of their spot kicks, and goalkeeper Jari de Busser saved twice to clinch the trophy on Monday night inContinue Reading
German carmaker Mercedes on Tuesday said it is looking to regain a stronger foothold in China with more infotainment and new products. “We will introduce the most efficient and intelligent cars we have ever built,” said Mercedes-Benz chief executive Ola Källenius in Shanghai. He described the company’s vision as “supercomputersContinue Reading
By Busayo Onijala A new, more stable world structure may emerge if China’s per capita GDP reaches half of the United States’, says Prof. Yifu Lin, Honorary Dean, National School of Development, Peking University. Lin, who is also a former World Bank Chief Economist and Senior Vice President, Development Economics,Continue Reading
By Nana Musa Ms Gita Gopinath, the First Deputy Managing Director of the International Monetary Fund (IMF), says that Artificial Intelligence (AI) has transformed various sectors, as well as security markets. Gopinath, however, cautioned against inherent risks. She said this on Monday, during the second IMF-International Organisation of Securities CommissionsContinue Reading
By Nana Musa Mr Wale Edun, the Minister of Finance and Coordinating Minister of Economy has led the Nigeria’s delegation to the 2025 International Monetary Fund (IMF) Spring Meeting holding in Washington DC. The News Agency of Nigeria (NAN) reports that the meeting, holding from April 21 to AprilContinue Reading
Former president Muhammadu Buhari says Pope Francis death will be most felt by the poor and migrants whom he stood up for. In a statement by Malam Garba Shehu, his spokesman, Buhari said Christians in Nigeria and across the world would miss an exemplary leader of the church. Continue Reading
