The International Monetary Fund (IMF) has retained Nigeria’s 2.5 percent forecast for Nigeria’s economic growth this year. The institution disclosed this in its World Economic Outlook...
The International Monetary Fund (IMF) has issued a warning to Nigeria that the expected growth rebound in 2021 could be impeded if the country continues paying...
The International Monetary Fund (IMF) on Monday urged Nigeria and other African countries to tax the private sector more in order to grow the economy. In...
The International Monetary Fund (IMF) is to offer African members special drawing rights for funds, as it stated that Africa will need double of $286 billion...
The International Monetary Fund (IMF) has predicted a 2.5 percent growth for the Nigerian economy in 2021. In its April World Economic Outlook released on Tuesday,...
The International Monetary Fund (IMF) has thrown its weight behind the Central Bank of Nigeria (CBN) two weeks after the CBN directed banks to close accounts...
The International Monetary Fund (IMF) has stated that Nigeria is at a critical point, with the country’s economy projected to record a sluggish growth following its...
The International Monetary Fund (IMF) on Monday urged the Central Bank of Nigeria (CBN) to stop financing the Federal Government’s budget deficits in order to stop...
Time-to-time measures taken by monetary authorities in the foreign exchange systems of Nigeria and other emerging economies are creating an undue optimism in the local currency,...
These 10 top stories from Nigerian newspapers will interest you 1. 617 new COVID-19 cases take Nigeria’s total to 72,757. Deaths, recoveries updated Nigeria on Saturday...
The International Monetary Fund (IMF) Friday proposed a hike in Value Added Tax (VAT) and excise duties for Nigeria, suggesting that the implementation of the recommendations...
The International Monetary Fund (IMF) said on Friday said Nigeria’s economic output would recover to its pre-COVID-19 level by 2022. The IMF said in a statement,...
The Managing Director of the International Monetary Fund (IMF), Ms. Kristalina Georgieva, said on Tuesday corruption corrodes trust in government and weakens the impact of policies...
Senate President Ahmad Lawan said on Thursday Nigeria’s economy was being steered on the path of growth despite the prevailing challenges. Lawan, according to a statement...
The World Bank is in talks with the International Monetary Fund (IMF) with a view to offering debt reduction to Nigeria and other member countries of...
The International Monetary Fund (IMF) has forecasted that the Nigerian economy will slow down by 4.3% this year, reversing it from its earlier projection of -5.4%. The...
The continent of Africa needs the sum of $1.2tn (£920bn) over the next three years to recover from the effect of economic damage as well as...
President Muhammadu Buhari has pressed for the reallocation of the Special Drawing Rights (SDRs), which the International Monetary Fund (IMF) retains as supplementary foreign exchange reserves...
The economic shocks of the coronavirus pandemic through lockdowns and eternal vulnerabilities might trigger income loss of around $34 billion in Nigeria and other oil-exporting countries...
Nigeria and other sub-Saharan African nations require over $110 billion additional financing to deal with the impact of the coronavirus pandemic, the International Monetary Fund (IMF)...
The International Monetary Fund (IMF) has called for a cautious reopening of economies in sub-Saharan Africa considering that the novel coronavirus pandemic still poses a major...
The International Monetary Fund (IMF) has lowered Nigeria’s Gross Domestic Product (GDP) growth forecast for 2020, saying it envisages that the economy will contract by 5.4%....
The International Monetary Fund (IMF) has identified the major fiscal challenge faced by Nigeria as “its very low revenue” and not its debt burden. The multilateral...
Nigeria needs a minimum infrastructure spending equivalent to 18 per cent of its Gross Domestic Product by 2030 in order to attain Sustainable Development Goals, the...
There is a strong likelihood that Nigeria and other sub-Saharan African countries will lose around $200 billion in income to the current global economic and public...
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has urged the Nigerian government to keep the receipts of the $3.4 billion emergency financial...
Nigeria’s oil and gas exports are envisaged to plunge by a minimum of $26.5 billion as oil prices take a bashing from the coronavirus pandemic, the...
The Executive Board of International Monetary Fund (IMF) on Tuesday approved $3.4 billion in emergency financial assistance to support Nigeria in addressing the economic impact of...
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva on Monday said she expected the Fund to have granted Nigeria with considerable emergency financing...
A consortium of multilateral institutions that includes the World Bank, the International Monetary Fund (IMF), the Paris Club and the G20 have agreed to grant a...
Nigeria and other countries in Africa require $114 billion to tackle the coronavirus pandemic successfully, the International Monetary Fund (IMF) has said. A statement released by...
Minister of Finance, Budget and National Development, Zainab Ahmed has explained why Nigeria was excluded from the debt relief granted to 25 countries by the Executive...
Capital outflow of more than $4.2bn has been lost by Nigeria and some other sub-Saharan Africa countries since the end of February as a result of...
The International Monetary Fund (IMF) on Monday granted debt relief to a group of 25 countries largely dominated by African nations. It identified the beneficiaries as...
Nigeria’s application for a $3.4 billion credit from the International Monetary Fund (IMF) is currently under review. “We are working hard to respond to this request...
As a measure to shore up its weakening fiscal base and mitigate shocks from the coronavirus pandemic, the Nigerian Government said Monday afternoon it had approached...
African Ministers of Finance are seeking debt relief from international lenders to buffer the effects of COVID-19 on national economies within the continent. According to them,...
The International Monetary Fund (IMF) has inaugurated a fund-raising initiative through its Catastrophe Containment and Relief Trust (CCRT) that would enable it provide additional debt service...
The International Monetary Fund (IMF) Friday officially confirmed that the global economy has moved into a recession. Kristalina Georgieva, boss of the Washington-based lender, said developing...
In a gesture aimed at relieving Nigeria and other members of the International Development Association (IDA) of their mounting debt burden, the World Bank and the International Monetary...
The Buhari Media Organisation (BMO) on Wednesday faulted the forecasts by the World Bank and the International Monetary Organisation (IMF) on Nigeria’s 2020 economic growth, which...
Washington-based International Monetary Fund (IMF) announced on Tuesday that total global debts soared by $3 trillion to $188 trillion by December 31, 2018 as Nigeria, China and other...
The International Monetary Fund (IMF) on Thursday announced that oil-dependent economies like Nigeria’s continued to perform worse than countries dependent on other exports. According to the...
The International Monetary Fund (IMF) on Wednesday for the third time this year, expressed concerns over the rising debt profile of Nigeria, saying that the debt...
The Minister of Finance, Zainab Ahmed, said on Sunday that the International Monetary Fund (IMF) backed the Federal Government’s decision to close Nigeria’s borders because it...
The International Monetary Fund (IMF) on Saturday backed the Federal Government’s decision to close Nigeria’s borders with some neighbouring countries over illegal trade. The Comptroller-General of...
The International Monetary Fund (IMF) has expressed concerns that Nigeria’s per capita growth is weak, adding that strong measures were needed to move the growth into...
The Peoples Democratic Party (PDP) has alleged moves by the Muhammadu Buhari Presidency to start conjuring false statistics to cover its incompetence and failures in governance....
President Muhammadu Buhari has discredited data presented by the World Bank and the International Monetary Fund (IMF) on Nigeria, describing them as wild estimates that hardly...
