Nigeria has been removed from the IMF debtor list after repaying the $3.4 billion loan. However, there are still payments to be made over the next few years.
Economy
Most viewed
Popular
-
China sales to US slump even as exports beat forecasts
-
IMF speaks on decision to remove Nigeria from debtors’ list of 91 countries
-
China can play hardball at looming trade talks with US: analysts
-
FG successfully repays debt as IMF removes Nigeria from updated debtors' list
-
Nigerians react as Dangote meets with the Bayo Ojulari-led NNPC team
Former head of crypto platform Celsius sentenced 12 years
The founder and former CEO of bankrupt cryptocurrency trading platform Celsius, Alexander Mashinsky, was sentenced Thursday to 12 years in prison on fraud charges. Mashinsky, 50, pleaded guilty last December to securities fraud in a deal that reduced the level of charges he faced.
Lawmakers probe N200 billion CBN loans to 11 Discos, Details emerge
The House of Representatives have uncovered some shady areas in the CBN loan to 11 discos, and set up an investigative panel to dig up the details.
US automakers blast Trump's UK trade deal
The Trump administration's latest trade deal with Britain unfairly penalizes US automakers that have partnered with Canada and Mexico, a trade group representing Detroit automakers said Thursday. The Detroit companies organized their supply chains around the 2020 US-Mexico-Canada Agreement (USMCA), which Trump negotiated in his first term.
What is in the new US-UK trade deal?
The "breakthrough" US-UK trade deal announced Thursday by President Donald Trump is the first agreement to be unveiled since he slapped steep tariffs on allies and adversaries alike on April 2. Under the deal announced Thursday, car export tariffs will be slashed to 10 percent on the first 100,000 cars shipped from Britain to the United States.
CBN releases new exchange rate as naira rebounds against dollar in official window
The naira has appreciated against the dollar in the official foreign exchange market on Thursday, May 8, 2025, trading at N1,608 per dollar from N1,612.
Lagos state partners BOI, Sterling Bank to launch single-digit, no-collateral loans for SMEs
The general interest rate in commercial banks has made loans prohibitive for small businesses seeking to scale. Lagos state is solving this problem.
Bill Gates speeds up giving away fortune, blasts Musk
Microsoft co-founder Bill Gates announced Thursday an accelerated timeframe for giving away his fortune as he touted artificial intelligence as a game-changer to boost public health and save lives globally. The organization, which had more than $71 billion in assets at the end of 2023, has been credited with helping to reshape the world of global public health.
Trump calls US Fed chair 'fool' after pause in rate cuts
US President Donald Trump branded Fed Chair Jerome Powell a "fool" on Thursday after the central bank announced another pause in rate cuts and warned of higher risks to inflation and unemployment goals. "'Too Late' Jerome Powell is a FOOL, who doesn't have a clue," Trump posted on his Truth Social network, in a fresh attack on the head of the independent Federal Reserve.
NITDA sets deadline to achieve 95% digital literacy in Nigeria, launches DL4ALL programme
The goal of the Digital Literacy for all programme is to ensure that 95% of Nigerians acquire the skills, and get connected with jobs before the deadline.
Economy
Load more