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PBA Reporter

Nigerian Gov’t Spends N96 Out Of Every N100 To Pay Debt - World Bank Says, Reveals Impact

World Bank Predicts Decline In Global Economic Prospects 

Following a strong rebound in 2021, the global economy is entering a pronounced slowdown amid fresh threats from COVID-19 variants and a rise in inflation, debt, and income inequality that could endanger the recovery in emerging and developing economies, according to the
January 11, 2022
IMF

IMF Asks Nigeria To Devalue Currency Further, Gives Reasons

The International Monetary Fund (IMF) has asked Nigeria to devalue its currency and raise benchmark interest rate in preparation for the Fed policy tightening. The IMF disclosed this in a blog post titled, ‘Emerging Economies Must Prepare for Fed Policy Tightening,’ on
January 11, 2022
Wike

Wike Declares 19 Illegal Oil Refinery Operators Wanted

Rivers state governor, Nyesom Wike, said he has identified and will arrest persons who are alleged to be involved in oil bunkering and illegal refinery activities in the state.  Kelvin Ebiri, Wike’s special assistant on media, in a press statement on Sunday, said
January 10, 2022
Burkina Faso, Mali, Niger Withdrawal May Stop $500m Projects, Threaten Regional Security, Job Losses – ECOWAS

ECOWAS Imposes Fresh Sanctions Against Mali

Member states representing the Economic Community of West African States (ECOWAS) on Monday imposed fresh sanctions on Mali. Prime Business Africa can report that the ECOWAS took the decision following the political crisis that has engulfed the country. Among the latest sanctions
January 10, 2022
Osinbajo

Osinbajo To Represent Buhari At ECOWAS Summit In Ghana

An emerging report has noted that Vice-President Yemi Osinbajo will represent President Muhammadu Buhari at an extraordinary summit of the Economic Community of West African States (ECOWAS) in Ghana. The report was contained in a statement released on Sunday by Laolu Akande,
January 10, 2022
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