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…
The Executive Board of the International Monetary Fund (IMF) has selected Kristalina Georgieva to serve as IMF Managing Director for a second five-year term starting on Oct. 1, 2024. In a statement issued by the IMF Press Centre on Saturday,…
…As hackers make off with $12bn Following reports that cyber thieves stole $12bn from global financial institutions in the last 20 years, the International Monetary Fund (IMF) has called on Central Banks across the globe and financial institutions to strengthen…
The International Monetary Fund (IMF) says inflation is easing faster than expected but has not been fully defeated. Kristalina Georgieva, Managing Director of IMF, was quoted in a statement by the Fund on Thursday to have said this at the…
In a significant move to enhance the transparency and accountability of central banks worldwide, the International Monetary Fund (IMF) has unveiled the Central Bank Transparency Code (CBT). This international code is designed to help central banks and their stakeholders align…
The selection process for a new Managing Director for the International Monetary Fund (IMF) has begun, its Board Coordinators have said. The Board Coordinators of the Executive Board of the IMF, Mr Afonso Bevilaqua and Mr Abdullah BinZarah, made the…
By Sodiq Adelakun The International Monetary Fund (IMF) has called on the Nigerian government to ensure the full operational capacity of its cash transfer program aimed at supporting vulnerable households. This move is recommended as a necessary precursor to the…
By Sodiq Adelakun The International Monetary Fund (IMF) has revised its economic growth forecast for Nigeria in 2024, lowering it to 3.0 percent from the previously projected 3.1 percent in October last year. This adjustment was highlighted in the IMF’s…
The International Monetary Fund (IMF) on Tuesday said that it has improved its forecast for global economic growth in the coming year. However, raising its expectations to 3.1 per cent from an earlier forecast of 2.9 per cent in October.…
