Tag "Okonjo-Iweala"

    COVID-19: Obasanjo, Okonjo-Iweala demand $44bn debt relief for Africa

COVID-19: Obasanjo, Okonjo-Iweala demand $44bn debt relief for Africa

World leaders, including Olusegun Obasanjo, former president of Nigeria and Ngozi Okonjo-Iweala, former managing director of the World Bank, have asked the G-20 countries for a $44 billion debt relief for African countries to tackle the novel coronavirus. The duo joined over 100 world leaders in demanding "immediate internationally coordinated action–within the next few days–to address our deepening global health and economic [...]

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    Okonjo-Iweala goofs with picture on COVID-19 food distribution ‘in Rwanda’

Okonjo-Iweala goofs with picture on COVID-19 food distribution ‘in Rwanda’

On Wednesday, Ngozi Okonjo-Iweala, Nigeria’s former minister of finance, posted a picture of food packages on her social media handles, claiming they were palliatives being distributed by the Rwandan government to poor households to mitigate the effect of the lockdown in the country over the COVID-19 pandemic. The picture, which shows bags of grains, kegs of oil and other food items [...]

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    COVID-19: African countries need to quickly ask for debt relief, says Okonjo-Iweala

COVID-19: African countries need to quickly ask for debt relief, says Okonjo-Iweala

Ngozi Okonjo-Iweala, two-time minister of finance, says Nigeria and other African countries need to quickly pressure the G7 and G20 for debt-relief in other to deal with the economic and health issues arising from the novel coronavirus.  Okonjo-Iweala, who was very instrumental in getting Nigeria an $18 billion debt-relief as minister of finance, said African countries in debt need to apply [...]

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    PHOTOS: Okonjo-Iweala attends South Africa’s economic council meeting

PHOTOS: Okonjo-Iweala attends South Africa’s economic council meeting

Ngozi Okonjo-Iweala, Nigeria's former minister of finance, was at South Africa's presidential economic advisory council meeting in Tshwane on Friday. "With President Ramaphosa, members of cabinet, and members of the Presidential Economic Advisory Council in Pretoria discussing sources of growth for the South African economy and win-win economic interactions with the continent," Okonjo-Iweala tweeted. https://twitter.com/NOIweala/status/1236204448407568385?s=20 Cyril Ramaphosa, South African president, chaired the meeting. According [...]

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Okonjo-Iweala: Elections postponement ‘not easy for pockets of ordinary Nigerians’

Ngozi Okonjo-Iweala, two-time finance minister and former vice-president of the World Bank, has lent her voice to the deferral of the presidential and legislative polls formerly scheduled to hold on Saturday. At the eleventh hour, the Independent National Electoral Commission (INEC) announced the postponement of the elections. The electoral body cited logistic inadequacies for its decision. Okonjo-Iweala, via her official Twitter handle, expressed concerns over [...]

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    Stop using my name to spread fake news, Okonjo-Iweala warns politicians

Stop using my name to spread fake news, Okonjo-Iweala warns politicians

Ngozi Okonjo-Iweala, former minister of finance, has warned politicians to desist from using her name to spread falsehood. In a statement issued on her behalf by Paul Nwabuikwu, her spokesman, the former minister said some groups and individuals had used her name to further their political objectives. The statement said such falsehood is being disseminated on social media showing the former minister supporting [...]

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    Okonjo-Iweala knocks ‘mischief makers’, denies deriding Amaechi, Fashola

Okonjo-Iweala knocks ‘mischief makers’, denies deriding Amaechi, Fashola

Ngozi Okonjo-Iweala, former minister of finance, says it is untrue that she mocked Rotimi Amaechi, minister of transportation, and Babatunde Fashola, his power, works and housing counterpart. Okonjo-Iweala was alleged to have referred to Amaechi and Fashola as “scavengers turned saints”. She was said to have made the statement in ‘Fighting Corruption is Dangerous’, her recently-released book on her role in the Goodluck [...]

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    Okonjo-Iweala: How oil marketers plotted to confine me to a wheelchair

Okonjo-Iweala: How oil marketers plotted to confine me to a wheelchair

Ngozi Okonjo-Iweala, former minister of finance, says there was a plan to confine her to a wheel chair and force her out of office during the time she served under ex-President Goodluck Jonathan. She said some oil importers and marketers whom the federal government owed money were behind the plot. According to the world-renowned financial expert, a friend to one of her [...]

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    Follow TheCable for updates on World Bank/IMF meetings

Follow TheCable for updates on World Bank/IMF meetings

The world has to remain strong amidst threats posed by climate change, terrorism and commodity prices. Nigeria and other countries of the world are looking towards agriculture, financial technology, manufacturing, gender equality and increasing tax revenues to combat these threats. The business and finance world — led by the World Bank and the International Monetary Fund (IMF) — will be converging on [...]

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    Okonjo-Iweala named director at UK bank — to earn £130,000 a year

Okonjo-Iweala named director at UK bank — to earn £130,000 a year

Ngozi Okonjo-Iweala, former minister of finance, has been named an independent non-executive director at Standard Chartered PLC.  Standard Chartered PLC is a British multinational banking and financial services company headquartered in London, England and with presence in 70 countries. According to a statement released on Thursday, by Jon Tracey, the bank's media specialist, at the London Stock Exchange,  the company said her [...]

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    Okonjo-Iweala: You can’t achieve growth if you have forex distortions

Okonjo-Iweala: You can’t achieve growth if you have forex distortions

Ngozi Okonjo-Iweala, former minister of finance, says growth and development cannot be achieved when a country has distortions in its foreign exchange rates. Speaking at the launch of 'Beating the Odds: Jumpstarting Developing Countries', a book written by Justin Yifu Lin and Celestin Monga in Ahmedabad, India, Okonjo-Iweala said there is no one way to growth and development, but some basic [...]

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    Okonjo-Iweala: I’m not running in 2019 with Atiku or anyone else

Okonjo-Iweala: I’m not running in 2019 with Atiku or anyone else

Ngozi Okonjo-Iweala, two-time minister of finance, says she has not endorsed anyone for president in 2019. A campaign poster is currently making the round on and off social media that Okonjo-Iweala will be contesting the presidency with former vice president, Atiku Abubakar, who is said to run for president. Reacting to the poster, Paul Nwabuikwu, her media consultant, said she had not endorsed anyone [...]

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    Okonjo-Iweala receives Global Fairness award, addresses world top 500 CEOs

Okonjo-Iweala receives Global Fairness award, addresses world top 500 CEOs

After winning the 2016 Global Fairness Award in Washington DC, Ngozi Okonjo-Iweala, two-time finance minister of Nigeria, joined Pope Francis at the weekend in addressing the world's top 500 CEOs on the effects of globalisation. Receiving the award, Okonjo-Iweala said 2017 must be a year to wage a better fight for global fairness for the vulnerable. “I appreciate the Trustees of the [...]

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    Amaechi: There was recession under Jonathan but it was covered up

Amaechi: There was recession under Jonathan but it was covered up

Rotimi Amaechi, minister of transportation, has alleged that Nigeria went into recession under former President Goodluck Jonathan but that the government only covered it up by saying it was cash-strapped. The minister, who spoke on The Osasu Show, said Okonjo-Iweala begged him to stop saying Nigeria was broke at the time. Amaechi, who was then the chairman of Nigerian Governors Forum (NGF), [...]

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    VIDEO: What exactly did Okonjo-Iweala say about ‘lack of political will to save’?

VIDEO: What exactly did Okonjo-Iweala say about ‘lack of political will to save’?

Ngozi Okonjo-Iweala said Nigeria is where it is today due to lack of political will to save when there was an oil boom from 2011 to 2015 — when former president Goodluck Jonathan was in power. She spoke at George Washington University on Wednesday on the need to bypass political  manipulation and help countries save in times of boom. The former minister has [...]

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    Okonjo-Iweala: My mother was kidnapped because I told Jonathan to remove fuel subsidy

Okonjo-Iweala: My mother was kidnapped because I told Jonathan to remove fuel subsidy

Ngozi Okonjo-Iweala, former minister of finance, says her 83-year-old mother was kidnapped because she advised Goodluck Jonathan, former president, to remove fuel subsidy. In an interview with Le Monde, the 61-year-old economist said the fight against corruption was at the root of the kidnap, with the abductors demanding her resignation on live television. When asked what her failures and successes in the [...]

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Exchange Rates

March 25, 2019USDGBPEUR
INTERBANK306397354
LAGOS380478402
KANO375477498
PH380478498
ABUJA375476400
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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