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SCANDAL DENTS IMF CHIEF’S IMAGE OF INTEGRITY – REPORT

Bulgaria’s Kristalina Georgieva, whose tenure as head of the IMF remained uncertain Monday amid allegations of data tampering, is described as a respected economist with a strong background in international finance.The 68-year-old took the helm of the Washington-based crisis lender in October 2019 after Christine Lagarde departed to lead the European Central Bank.DCO Global News… Continue reading SCANDAL DENTS IMF CHIEF’S IMAGE OF INTEGRITY – REPORT

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WORLD BANK APPROVES $400 MILLION CREDIT FOR NIGERIA TO AID COVID-19 VACCINE ACQUISITION

The Board of Directors of The World Bank has approved a $400 million credit for Nigeria as additional financing from the International Development Association (IDA) to provide upfront financing for safe and effective COVID-19 vaccine acquisition and deployment in the country.This was disclosed by The World Bank via a statement issued and signed by its… Continue reading WORLD BANK APPROVES $400 MILLION CREDIT FOR NIGERIA TO AID COVID-19 VACCINE ACQUISITION

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FG OWES CBN N15.51TN, BORROWS N14.86TN UNDER BUHARI

The Federal Government’s total borrowing from the Central Bank of Nigeria through Ways and Means Advances has ballooned to N15.51tn, rising by 2,286 per cent in six years, data collated from the CBN have shown.The N15.51tn owed by the Federal Government to the central bank is not part of the country’s total public debt stock,… Continue reading FG OWES CBN N15.51TN, BORROWS N14.86TN UNDER BUHARI