World News

IMF Executive Board Approves Proposal for a New Policy Coordination Instrument

July 26, 2017/IMF On July 14, 2017 the Executive Board of the International Monetary Fund (IMF) approved the establishment of a new non-financing Policy Coordination Instrument (PCI) to further strengthen the Global Financial Safety Net (GFSN) and enhance the effectiveness of the Fund’s toolkit. The decision follows a series of […]

IMF Says Global Growth on Track, Downgrades UK, US Growth

By Peter OBIORA InvestAdvocate Click here to read full World Economic Outlook Update, July 2017 Lagos (INVESTADVOCATE)-The International Monetary Fund (IMF) on Monday said global growth projection remains on track with global output projected to grow by 3.5 percent in 2017 and 3.6 percent in 2018, according to its World […]

Non-oil Revenue Already Below Budget

Culled—Proshare July 12, 2017/FBNQuest Research We return today to the paucity of non-oil revenue collection. CBN data show flows into the federation account in February of N252bn, which were 49% below the projection in the 2017 budget proposals. (In stark contrast, inflows from oil of N293bn were less than 1% […]