By Peter OBIORA InvestAdvocate New York (INVESTADVOCATE)-The International Monetary Fund (IMF) on Monday said it has named Maurice Obstfeld as economic Counsellor and director of its research department, the Fund said in a statement. Obstfeld succeeds Olivier Blanchard whose retirement was announced previously and he is expected to begin his […]

July 20, 2015/Punch The Federal Government now incurs about N1.69bn daily to subsidise petrol consumption, OKECHUKWU NNODIM writes Nigeria currently spends N1.69bn daily as subsidy on petrol despite the decline in the country’s oil exports and the resultant squeeze on the nation’s revenues. While industry experts and highly placed politicians […]

IMF Survey July 17, 2015 Energy subsidies sizeable worldwide and projected to stay high China top subsidizer in dollar terms, Ukraine in percent of GDP, and Qatar in per capita terms Countries can reap fiscal and environment gains by reforming energy subsidies Energy subsidies are projected at US$5.3 trillion in […]