By Matthew Denis The International Monetary Fund (IMF) has expressed its support for the Single Window Trade Project, an innovative initiative set to streamline trade processes, boost revenue, and position Nigeria as a leader among African economies. In a statement…
Heirs Holdings Founder and Group Chair, Tony Elumelu, has been appointed by the International Monetary Fund (IMF) to its Advisory Council on Entrepreneurship and Growth, convened by IMF Managing Director, Kristalina Georgieva. Elumelu, Africa’s leading advocate of entrepreneurship and whose…
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has inaugurated an Advisory Council on Entrepreneurship and Economic Expansion. This was disclosed in a statement issued by the IMF Press Centre on Thursday. According to the statement, members…
The International Monetary Fund reports that Nigeria’s GDP per capita fell from $877.07 in 2024 to $835.49 in 2025, marking a 4.74% decline. This continues a downward trend since 2014, when it stood at $3,220, according to data from the…
The International Monetary Fund has approved a $1.1bn disbursement to Ukraine as part of a four-year loan program aimed at providing budgetary support. This decision comes amid continued Russian aggression and follows the IMF’s recent review of the programme, which…
The IMF has highlighted that approximately 90% of African Union economies need to enhance tax revenue collection and implement structural reforms to sustain growth. The IMF disclosed this in its “G20 Report on Strong, Sustainable, Balanced, and Inclusive Growth,” released…
The recent report from the International Monetary Fund (IMF) highlights a troubling reality in Nigeria’s economic situation. Despite rising debt costs, Nigeria continues to borrow heavily, raising concerns about its financial stability. The IMF warns that without significant changes, the…
The International Monetary Fund (IMF) member countries have elected an expanded Executive Board of 25 Executive Directors, including three representing Sub-Saharan Africa(SSA.) IMF Media Centre disclosed this in a statement on Saturday in Abuja. According to the statement, the completion…
…Says advisories, policy recommendations responsible for economic woes The Nigeria Labour Congress (NLC) has blamed the International Monetary Fund (IMF) and the World Bank alleging its influence on the Federal Government’s removal of petrol subsidy The NLC in a statement…
The International Monetary Fund (IMF) has expressed support for the Central Bank of Nigeria’s (CBN) recent interest rate hikes and foreign exchange measures, describing them as suitable steps toward stabilising the economy. This endorsement was given by Tobias Adrian, the…
