The International Monetary Fund (IMF) alongside some economic experts have projected an optimistic economic outlook for the Nigerian economy provided certain macroeconomic fundamentals and policies are met. They made the assertion at the American Business Council (ABC) in partnership with…
The International Monetary Fund (IMF) has noted that the non-oil sector of the Nigerian economy could be stronger, benefitting from its recent growth momentum, higher production from the new Dangote Refinery, and supportive credit policies. In IMF’s Executive Board 2021…
…Expects FG’s debt to grow to N70.85 trillion in 2022 The Federal Government’s gross debt interest payments (percent of FGN revenue) is projected to grow by 92% in 2022 from 85.5% in 2021. This is according to a report titled…
The International Monetary Fund (IMF) has declared central bank digital currencies (CBDCs) like eNaira are a better bet than cryptocurrencies. In a new statement, IMF managing director, Kristalina Georgieva said countries were exploring CBDCs and that it would soon become…
A Professor of Economics and Public Policy at the University of Uyo, Akwa Ibom State, Akpan Ekpo, has said a further increase in the Value Added Tax (VAT) rate is unnecessary, as it would add to the hardship of Nigerians.…
The International Monetary Fund (IMF) said Nigerian economy is recovering from a historic downturn benefitting from government policy support, rising oil prices, and international financial assistance, said. As a result of the recent economic developments in the country, the global financial institution…
The International Monetary Fund, IMF, forecast that Nigeria’s economy is expected to grow by 2.7% in 2022 and also grow at the same rate for 2023, adding that it has reduced its global growth outlook for the year. The Global…
The International Monetary Fund says crypto currencies’ high volatility and valuation, as well as their increasing co-movement with equity markets will soon pose risks to financial stability in countries with widespread crypto adoption. The IMF disclosed this in a blogpost…
The International Monetary Fund has said that the global boom of cryptocurrencies poses new problems for financial stability. The IMF said this in a blogpost on Friday. According to the body, the crypto ecosystem allows for quick and easy payments,…
Developing countries are expected to receive $275 billion out of the International Monetary Fund’s (IMF) $650 billion Special Drawing Rights (SDRs) to be distributed among member countries based on their quota shares in the IMF. IMF’s Managing Director, Ms Kristalina…
