Saturday, November 17, 2018

Tag "Christine Lagarde"

    Lagarde: At this rate, economic gender inequality will not be closed in 170 years

Lagarde: At this rate, economic gender inequality will not be closed in 170 years

Christine Lagarde, managing director of the International Monetary Fund (IMF), says at the current rate of change, the world may not achieved economic gender equality (equal pay) in 170 years.Speaking at the Glamour awards in Los Angeles, where she was awarded woman of the year, Lagarde shared her own experiences, on gender cracks and successes; how she went from a [...]

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    Lagarde: Trade has become political football — and our founding fathers would be concerned

Lagarde: Trade has become political football — and our founding fathers would be concerned

Christine Lagarde, managing director of the International Monetary Fund (IMF), says if the founding fathers of the IMF were alive today, they would be concerned that trade has become political football.Speaking on the challenges of free trade and current transitions in global economy, Lagarde said it would have been great to call great thinkers of the past to help with [...]

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    IMF offers zero interest loans to members facing challenges

IMF offers zero interest loans to members facing challenges

Christine Lagarde, managing director of the International Monetary Fund (IMF), says the fund is offering zero interest loans to all its members facing economic challenges.Speaking at a press briefing in Washington on Thursday, Lagarde said economic growth has been too low for too long, and IMF was stepping up with zero interest loan for those in need of loans.“Prospects for [...]

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    IMF on CBN’s new FX policy: Let’s wait and see

IMF on CBN’s new FX policy: Let’s wait and see

The international Monetary Fund (IMF) sees the Nigeria’s new foreign exchange policy as a welcome development, but calls for caution.Speaking at a press conference in Washington DC, Gerry Rice, IMF spokesman, said the decision taken by the Central Bank of Nigeria (CBN) to remove the currency peg is an important step for the economy.“On Nigeria, however, I think the announcement [...]

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    CBN: Lagarde knows Buhari can’t decide for us

CBN: Lagarde knows Buhari can’t decide for us

Moses Tule, director of monetary policy department of the central bank of Nigeria (CBN), says Christine Lagarde, managing director of the IMF, knows too well to say or think that President Muhammadu Buhari decides for the CBN.Speaking with TheCable on Friday, Tule said governments all over the world do not like to dabble into monetary policy decisions made by central banks.When [...]

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    IMF wants Buhari to change forex policy

IMF wants Buhari to change forex policy

 Christine Lagarde, managing director of the International Monetary Fund (IMF), says Nigeria’s economic situation is alarming, calling for a flexible exchange rate regime.Speaking on the World Bank/IMF special edition of BBC’s HardTalk anchored by Stephen Sackur, Lagarde said Nigeria has huge potential, especially in her youth.Largade maintained that IMF was ready to help Nigeria, appealing to President Muhammadu Buhari to take [...]

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    IMF advises Nigeria to seek help on economy

IMF advises Nigeria to seek help on economy

Christine Lagarde, managing director of the International Monetary Fund (IMF), says Nigeria should seek economic help from international institutions.Speaking at the IMF conference hall in Washington DC on Thursday, Lagarde said Nigeria needs to be open-minded on foreign exchange, and swiftly approve the 2016 budget.“Our recommendation is that Nigeria seeks help from the international institutions that can best help,” she [...]

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    At G20 seminar, Adeosun seeks inclusive growth for Africa

At G20 seminar, Adeosun seeks inclusive growth for Africa

Kemi Adeosun, minister of finance, called for sustainable and inclusive growth for Africa at a high level G20 finance ministers seminar held in Paris, France capital, on Thursday.The ministers met to discuss current challenges to the international financial architecture and ways of combating macroeconomic volatility.The high level seminar also assessed volatility in capital flows and their impact on global economic [...]

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    For once in 5 months, Nigeria’s reserves rise

For once in 5 months, Nigeria’s reserves rise

Nigeria’s foreign exchange reserves has risen for the first time in five months and the second time since President Muhammadu Buhari assumed office.According to the latest data from the Central Bank of Nigeria (CBN), the reserves experienced a rise of $13 million.The reserves, which rose by $350 million in August 2015, was on the upside again on Monday, surging from [...]

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    Lagarde unanimously re-elected MD of IMF

Lagarde unanimously re-elected MD of IMF

Christine Lagarde has been re-elected managing director of the International Monetary Fund (IMF), and is set to lead the body for the next five years.After her announcement by the executive board on Friday, Lagarde expressed appreciation for the trust reposed on her to lead again.“I have been honoured to serve in the past five years, I greatly appreciate the continued trust [...]

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    Nigeria’s reserves fall by $955m in one month

Nigeria’s reserves fall by $955m in one month

Despite stringent measures to conserve foreign exchange, the Nigerian foreign exchange reserves fell by $954,581,406 in the past one month.According to the latest figures from the Central Bank of Nigeria (CBN), the reserves fell below $28 billion for the first time since August 2005, when it stood at $26.951 billion.The reserves opened 2016 at $28.978 billion on January 4, and [...]

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    Lagarde: Nigeria needs a ‘sensible’ FX policy

Lagarde: Nigeria needs a ‘sensible’ FX policy

Christine Lagarde, managing director of the International Monetary Fund (IMF), says Nigeria needs to adopt a "sensible" foreign exchange policy as it strives to fend off external economic shocks.Speaking at a press conference in Washington, Lagarde said the IMF was willing to give loans to Nigeria, Azerbaijan and other member countries if they get to need it.“The IMF remains available [...]

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    Lagarde to seek second term at IMF

Lagarde to seek second term at IMF

Christine Lagarde, managing director of the International Monetary Fund (IMF), on Friday, said she would run for a second term.Speaking at the World Economic Forum in Davos, Switzerland, Lagarde said she had no obvious challengers and was open to serving another term.“I am a candidate to a new mandate. I was honoured to receive from the start of the process, [...]

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    Falana: Lagarde lacks integrity to recover Nigeria’s loot

Falana: Lagarde lacks integrity to recover Nigeria’s loot

Femi Falana, a senior advocate of Nigeria, says Christine Lagarde, managing director of the International Monetary Fund (IMF), lacks the moral integrity to recover Nigeria’s loot locked in foreign countries.Speaking at the Osun State University, Ifetedo, on Wednesday, Falana highlighted the issues Lagarde herself was facing in her home country.“The managing director of the International Monetary Fund, Christine Lagarde stated [...]

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    Saraki asks CBN to review forex policy

Saraki asks CBN to review forex policy

Senate President Bukola Saraki says the senate has asked the central bank to review its forex policy.He made the disclosure on Wednesday while assuring Christine Lagarde, the managing director of the IMF, that the senate is expanding Nigeria’s tax base.“After series of engagements with SME owners who are affected by the current CBN policy on Forex, the senate have advised [...]

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    Lagarde to senate: Let Nigerians pay more taxes

Lagarde to senate: Let Nigerians pay more taxes

Christine Lagarde, managing director of the International Monetary Fund (IMF), says Nigeria’s value added tax is the smallest in the west African region, appealing to the senate to work out the modalities for improving it.In her meeting with lawmakers in Abuja on Wednesday, Lagarde said Nigeria’s economy has “a large regional footprint and its fortunes affect that of its neighbors, especially [...]

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Exchange Rates

November 16, 2018USDGBPEUR
INTERBANK306397354
LAGOS359475418
KANO359476420
PH360476420
ABUJA359478419
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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