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The value of mobile money transactions rose to 9.72 percent of Nigeria’s Gross Domestic Product in 2020 as the COVID-19 pandemic lockdowns allowed more people to use Internal banking and other digital transaction. However, the number of registered mobile money agent outlets per 1,000km2 reduced to 141.81, according to the […]
IMF chief Kristalina Georgieva on Thursday disputed an independent investigation which found that in her previous job at the World Bank, she pressed staff to alter a report to avoid angering China. Based on the findings, the World Bank announced it was immediately discontinuing its Doing Business report after the […]
Director-General of the World Trade Organisation (WTO), Ngozi Okonjo-Iweala, has asked developed countries to channel their shares of the International Monetary Fund (IMF) $650 billion special drawing rights (SDRs) to poor African nations. In a tweet on Tuesday, Okonjo-Iweala praised managing director of the IMF, Kristalina Georgieva, and shareholders for […]
The rollout of COVID-19 vaccines and vast sums of government aid will accelerate global economic growth to a record high this year in a powerful rebound from the pandemic recession, the International Monetary Fund says in its latest forecast.
