PRESIDENT TINUBU CONGRATULATES TEAM NIGERIA ON OUTSTANDING PERFORMANCE AT THE COMMONWEALTH GAMES IN GLASGOW. (PHOTO).

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 PRESIDENT TINUBU CONGRATULATES TEAM NIGERIA ON OUTSTANDING PERFORMANCE AT THE COMMONWEALTH GAMES IN GLASGOW ​President Bola Tinubu congratulates Team Nigeria on their remarkable performance at the Commonwealth Games in Glasgow, Scotland. The ​President celebrates the athletes for demonstrating the resilience, determination, discipline, and excellence that define the Nigerian spirit. A statement by  Special Adviser to the President, Information and Strategy, Bayo Onanuga says  President Tinubu commends Team Nigeria for flying the country's flag with dignity and pride, affirming that the 24 medals won—10 gold, 7 silver, and 7 bronze—are a testament to their hard work and perseverance. ​The President notes that the experience gained by every athlete will serve as a strong foundation for greater accomplishments in future international competitions and inspire many young Nigerians to embrace the values of commitment and national service. ​President Tinubu praises the leadersh...

IMF JOINS WORLD BANK IN SUPPORTING UKRAINE,APPROVES $1.4BN EMERGENCY FINANCING. (PHOTO).


IMF Joins World Bank In Supporting Ukraine, Approves $1.4bn Emergency Financing

The International Monetary Fund (IMF) says its executive board has approved $1.4 billion in emergency financing to support Ukraine amid the ongoing war with Russia.

The Washington-based institution, in a statement, said the executive board gave its approval on Wednesday night.

According to IMF, the support comes from its rapid financing instrument (RFI).

The RFI provides rapid financial assistance available to all IMF member countries facing an urgent balance of payments need.

Kristalina Georgieva, IMF managing director, said the Russian military invasion of Ukraine has been responsible for a massive humanitarian and economic crisis.

She said the “tragic loss of life, huge refugee flows, and immense destruction of infrastructure and productive capacity is causing severe human suffering and will lead to a deep recession this year.”

“Financing needs are large, urgent, and could rise significantly as the war continues.”

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