The US-based Intern ational Monetary Fund (IMF) has retained its 3.2 per cent forecast for Nigeria’s economic growth in 2023. IMF disclosed this in its recent World Economic Outlook update titled “Near-Term Resilience, Persistent Challenges.” The development bank also raised…
The International Monetary Fund has said a 10 per cent appreciation in the dollar, linked to global financial market forces, decreased economic output in emerging market economies including Nigeria by 1.9 per cent. It noted that this decline persisted for…
…IMF to support Nigeria as naira appreciates to N663/$ By Sodiq Adelakun The International Monetary Bank (IMF) has backed the Central Bank of Nigeria (CBN) in unifying its foreign exchange Market. Recall that CBN announced operational changes to the foreign…
By Sodiq Adelakun The International Monetary Fund (IMF) has outlined priority policy options for fostering financial inclusion in Africa’s biggest economy. They are further increase in financial access points, promote digital financial services, improve financial literacy, upgrade framework for fintech…
By Sodiq Adelakun Nigeria’s Central Bank Digital Currency (CBDC), eNaira, and the first to be issued in the world, is failing to live up to expectations in terms of boosting remittance and improving the informal economy. This is despite huge…
The Managing Director of the International Monetary Fund, Kristalina Georgieva, has cautioned about the unforeseeable “consequences” that could be brought about by the retail central bank digital currencies. Georgieva expressed her concern about retail CBDCs in a May 1 interview…
Latest economic projection by the International Monetary Fund (IMF) has shown that President Muhammadu Buhari will be handing over a stable economy to the in-coming administration of President-elect, Bola Tinubu. This is contained in a statement by the Buhari Media…
Financial experts have urged the incoming administration to address headlong issues that will prevent positive and speedy economic growth in 2023. The experts said this in separate interviews with journalists on Sunday in Lagos. They spoke against the backdrop of…
The Global Sovereign Debt Roundtable (GSDR), on Wednesday discussed debt sustainability and debt restructuring challenges and ways to address them. This is contained in a statement issued by the International Monetary Fund (IMF) Press Centre, a copy of which was…
The International Monetary Fund has urged the Central Bank of Nigeria and other monetary authorities to deemphasise monetary policy as a way of tackling the resurgence of inflation. In a new report titled “Rethinking monetary policy in a changing world,”…
