World News

G7 to press on with bank reforms, Japan escapes censure

Group of Seven finance officials agreed on Saturday to redouble efforts to deal with failing banks and gave a green light to Japan’s drive to galvanize its economy. British finance minister George Osborne said the finance ministers and central bankers meeting 40 miles outside London focused on unfinished bank reforms, […]

South Africa: Facing the Challenges of the Global Economy

David Lipton, First Deputy Managing Director International Monetary Fund South African Institute of International Affairs, Pretoria May 8, 2013   I would like to thank the Institute for its invitation. I am honored to speak today before an organization so involved in South Africa’s emergence onto the world stage. South […]

Offshore Remittance to Nigeria Hits N3.3 Trillion

Despite the global financial crisis, which erupted  in 2008 that is yet to abate in Europe and United States of America, estimates from the World Bank has put offshore remittances to Nigeria at $21.0 billion (N3.3 trillion). The World Bank estimates, which was quoted by FBN Capital, is consistent with […]