PM News Nigeria

IMF trims emerging market growth outlook

Christine Lagarde, IMF Managing Director

Emerging markets face increasing risks, the International Monetary Fund (IMF) has warned as it trimmed its outlook for the countries which have been the main driver of global growth in recent years. Emerging and developing nations, which includes rising economic powerhouses China, India and Brazil, should register 4.9-percent growth in 2014 the IMF said. That […]

GDP Rebasing: Raise Per Capita Income, World Bank Tells FG

Jim Yong Kim World Bank President

The World Bank has urged the Federal Government to strive to raise its citizens’ per capita income to justify the rebasing of its Gross Domestic Product (GDP). It said that improving on the per capita income in the country would also be in line with the nation’s new status as the largest economy in Africa […]

Judge Orders FG To Pay Sanusi N50m Damages

•Sanusi Lamido Sanusi

Akin Kuponiyi Reprieve came the way of suspended Central Bank Governor, Sanusi Lamido Sanusi, Thursday, as a Federal High Court sitting in Lagos, southwest Nigeria, awarded N50 million damages in his favour against the Federal Government for breaching his fundamental human rights. The court presided over by Justice Ibrahim Buba also ordered the Federal Government […]

Banks Encourage Use Of e-Payment Platforms


Nigerians have been urged to embrace e-payment platforms as the best option for payments for business transactions. The e-payment platforms – Point of Sale (POS) and Instant Payment platforms have benefits of convenience, safety and receipt of instant value to enable people make payments for their transactions using any of their devises such as ATM […]

World Bank doubles lending to emerging economies

Staff members Studio shooting WHO

The World Bank plans to nearly double its annual lending to emerging economies like China and India as part of its effort to eliminate extreme poverty by 2030. The Bank announced that it would add $100 billion to its lending capacity for middle-income countries over the next 10 years. This will allow it to expand […]

Amangbo new CEO designate at Zenith Bank

zenith bank logo

Peter Olisamedua Amangbo, a long serving staff, has been appointed the new Chief Executive Officer (CEO) of Nigeria’s Zenith Bank, effective from 1 June. The electronics/electrical engineering graduate of the University of Benin will succeed Mr Godwin Emefiele, who has been confirmed by the Nigerian Senate as the governor of the Central Bank of Nigeria. […]

Libya’s Sovereign Wealth Fund sues Societe Generale

Libya’s sovereign wealth fund has sued French bank Societe Generale in a British court for $1.5 billion (1.1 billion euros) for allegedly channelling bribes to allies of the son of slain dictator Moamer Kadhafi, officials said on Monday. The Libyan Investment Authority is seeking compensation from the bank and from Walid Giahmi, an alleged associate […]

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