Amidst Nigeria’s struggles to stabilise its exchange rate, the Naira has failed to make the list of Representative Exchange Rates for Selected Currencies for June 2024, published by the International Monetary Fund. The list, which includes currencies from around the…
The International Monetary Fund has warned the Nigerian government to remove what it called implicit fuel and electricity subsidies. In a report published recently by the IMF, the organisation told Nigeria that the subsidies would guzzle three percent of the…
The International Monetary Fund (IMF) has expressed concerns over the Nigerian government’s strategy to issue domestic dollar-denominated bonds, according to the recently published IMF staff country report for Nigeria. The Fund warns that this move could exacerbate pressures on the…
The International Monetary Fund (IMF) says determined and well-sequenced implementation of government’s policy intentions would pave the way for faster, more inclusive, resilient growth in Nigeria. The IMF said this in a statement at the conclusion of its Executive Board’s…
By Matthew Denis The World Bank and the International Monetary Fund (IMF) have commended Nigeria’s efforts in tightening monetary policies, revising the country’s growth forecast upwards to 3.4 percent for this year – a reflection of the effectiveness of the…
The International Monetary Fund (IMF) says economic growth in Sub-Saharan Africa (SSA) is projected to rise from 3.4 per cent in 2023 to 3.8 per cent in 2024. Abebe Selassie, Director, African Department, IMF, said this at a news briefing…
The International Monetary Fund (IMF) says global growth in 2024 and 2025 is projected to hold steady at 3.2 per cent, at the same pace as in 2023. This is according to the IMF’s latest World Economic Outlook (WEO) Update…
The International Monetary Fund has adjusted Nigeria’s economic growth forecast to 3.3 per cent in 2024. The revised forecast for April was disclosed on Tuesday in IMF’s World Economic Outlook. The updated forecast marks an increase of 0.3 percentage points…
The Ebonyi State Government has debunked the report that it was among the states that borrowed N111.24 billion from domestic and foreign financiers in its first six months in office. The Ebonyi State Commissioner for Finance, Dr. Leonard Uguru, affirmed…
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso will speak on foreign exchange (FX) market reforms at the ongoing International Monetary Fund (IMF) Spring Meetings on Wednesday in Washington D.C. The meetings of the Boards of Governors…
