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,”…
The International Monetary Fund has called for a review of the Central Bank of Nigeria Act 2007 to strengthen the bank’s autonomy and governance. IMF made the call in the latest report titled ‘Nigeria: 2022 Article IV Consultation-Press Release; Staff…
The Executive Board of the International Monetary Fund (IMF) has recommended that the Nigerian government should increase well-targeted social spending to cushion the anticipated adverse effects of fuel subsidy removal. The recommendation is contained in a statement detailing the conclusion…
Story by Olaleye Aanuoluwapo The IMF has urged the Central Bank of Nigeria to extend the deadline of February 10,2023 for withdrawal of old Naira notes. In light of hardships caused by disruptions to trade and payments due to the…
The International Monetary Fund has warned Nigeria and other oil-producing countries in Sub-Saharan Africa to expect dwindling oil revenues in the coming years as the world transitions from fossil fuels to cleaner energy. In a new report titled “Savings from…
Arewa Youth Assembly has called on President Muhammadu Buhari to sack the Director-General of the Department of Security Services, DSS, without further delay. The group made the call at a press conference in Abuja on the need for Nigerians to…
…Increase to worsen poverty, wrong for present economic conditions — Experts …Forex, energy challenges more essential for govt to address — Muda Yusuf …Says 100% increase threat to SMEs …As SMEs calls for grant, tax waiver for manufacturers, reduction of…
By Ogaga Ariemu The International Monetary Fund (IMF) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) are to collaborate on solution to pervasive corruption in Nigeria. ICPC’s spokesperson, Mrs Azuka Ogugua made this disclosure to Nigerian NewsDirect…
The International Monetary Fund (IMF) has charged Nigeria to brace up for the effect of climate change and this year’s floods. IMF African Department official, Mai Farid stressed that food prices will most likely increase. Farid gave the indication on…
