After a turbulent 2011, the 17 countries that use the euro will be quickly confronted in the new year with major hurdles to solving their government debt crisis, just as the eurozone economy is expected to sink back into recession. With government finances under pressure as growth wanes, the eurozone […]

The International Monetary Fund on Tuesday approved a new $46.3 million loan program for Mali and approved an immediate disbursement of $9.3 million. “The loan arrangement was made under the Extended Credit Facility (ECF) in support of the country’s strategy to increase growth and reduce poverty,” the IMF said in […]

The Chartered Institute of Bankers of Nigeria has removed the name of a former Managing Director and Chief Executive Officer of Oceanic Bank International Plc, Mrs. Cecilia Ibru, from its register of members. A statement made available to our correspondent by the institute on Monday announced the removal of Ibru, […]