AGS NEWS – International Monetary Fund (IMF) has approved a $1.1 billion disbursement to Ukraine as part of a four-year, $15.5 billion loan program designed to support the country’s budget during the ongoing conflict with Russia. IMF Managing Director Kristalina … Continue reading IMF approves $1.1bn for Ukraine amid ongoing conflict
The Home Finance Department of the Ministry of Finance, Budget, and National Planning has received a $5.6 million grant from the World Bank for the procurement of 21 items, encompassing office supplies, furniture, solar inverters, office equipment, and vehicles. These … Continue reading World Bank allocates $5.m loan to finance ministry for stationery and procurement of various items
The appointment of David Cameron to a key government position has sparked controversy due to his connection with the Greensill Capital financial scandal. Cameron, the former UK Prime Minister, was revealed two years ago to have earned approximately $10 million … Continue reading Cameron’s reappointment reignites Greensill finance scandal controversy
Nestle Nigeria Plc reported a decline in after-tax profit from N18 billion in the first quarter of last year to N16.2 billion for the same period this year. The interim financial report for the first quarter ended March 2023 revealed … Continue reading Nestlé Nigeria’s Q1 profit dips as finance expenses rise by 126% to over N5bn
France’s Finance Minister Bruno Le Maire has confirmed that the country will continue with its structural reforms to overhaul its economy, despite the recent credit downgrade from Fitch, which lowered France’s debt rating to “AA-” from “AA”. Fitch stated that … Continue reading France commits to continuing economic reforms despite Debt downgrade
The African Development Bank (AfDB) has urged Nigeria and other African nations to make use of their comparative advantages to gather resources required to finance the continent’s sustainable development goals (SDGs). AfDB made this call in a statement on Tuesday, … Continue reading AfDB urges Nigeria and other African nations to explore natural resources for financing SDGs
The Central Bank of Nigeria has proposed new guidelines for the management of dormant accounts, unclaimed balances, and other financial assets in banks and financial institutions in Nigeria. As per the recently released exposure draft, the proposal suggests that funds … Continue reading CBN’s proposal to consolidate dormant account balances and unclaimed funds. Read full story!
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