Tuesday, July 23, 2019

Tag "Christine Lagarde"

    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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    Nigeria’s reserves fall by $92m in 24 hours

Nigeria’s reserves fall by $92m in 24 hours

It is a new year, but the same old story of falling reserves has refused to go away, with the Nigerian forex stock falling by $91,571,740 in 24 hours.The $91.6 million fall in Nigeria’s reserves is about the biggest decline since the Central Bank of Nigeria (CBN) implemented the use of bank verification number (BVN) in forex trading.According to the latest [...]

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    I’m not in Nigeria to negotiate IMF loan, says Lagarde

I’m not in Nigeria to negotiate IMF loan, says Lagarde

Christine Lagarde, managing director of International Monetary Fund (IMF), on Tuesday said her visit to Nigeria was not meant to negotiate loans but rather to promote fiscal discipline and favourable monetary policies.Lagarde said this while fielding questions from state house correspondents after a closed-door meeting with President Muhammadu Buhari.She said that she had an “excellent discussion’’ with Buhari on the [...]

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    PMB: Ministers will account for every govt kobo

PMB: Ministers will account for every govt kobo

President Muhammadu Buhari says under his watch, ministers will fully account for all funds that get into their coffers.Speaking on Tuesday when he Received Christine Lagarde, managing director of the International Monetary Fund (IMF), at the presidential villa  in Abuja, Buhari said his administration would look inwards to stop financial leakages and adopt global best practices in generating more revenue to mitigate [...]

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    Subsidy removal, naira devaluation… 5 things IMF boss, Lagarde, discussed with Buhari

Subsidy removal, naira devaluation… 5 things IMF boss, Lagarde, discussed with Buhari

Christine Lagarde, managing director of the International Monetary Fund (IMF), advised President Muhammadu Buhari and his team to be flexible with its monetary policy and let go of petroleum subsidies.At a meeting in Abuja on Tuesday, Lagarde said Nigeria would not need any programme and/or loan from the IMF to enhance its economy.Speaking at a press conference in Abuja, Lagarde, [...]

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Exchange Rates

July 22, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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