The International Monetary Fund (IMF) has called for a cautious reopening of economies in sub-Saharan Africa considering that the novel coronavirus pandemic still poses a major...
The International Monetary Fund (IMF) has lowered Nigeria’s Gross Domestic Product (GDP) growth forecast for 2020, saying it envisages that the economy will contract by 5.4%....
The International Monetary Fund (IMF) has identified the major fiscal challenge faced by Nigeria as “its very low revenue” and not its debt burden. The multilateral...
Nigeria needs a minimum infrastructure spending equivalent to 18 per cent of its Gross Domestic Product by 2030 in order to attain Sustainable Development Goals, the...
There is a strong likelihood that Nigeria and other sub-Saharan African countries will lose around $200 billion in income to the current global economic and public...
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has urged the Nigerian government to keep the receipts of the $3.4 billion emergency financial...
Nigeria’s oil and gas exports are envisaged to plunge by a minimum of $26.5 billion as oil prices take a bashing from the coronavirus pandemic, the...
The Executive Board of International Monetary Fund (IMF) on Tuesday approved $3.4 billion in emergency financial assistance to support Nigeria in addressing the economic impact of...
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva on Monday said she expected the Fund to have granted Nigeria with considerable emergency financing...
A consortium of multilateral institutions that includes the World Bank, the International Monetary Fund (IMF), the Paris Club and the G20 have agreed to grant a...
Nigeria and other countries in Africa require $114 billion to tackle the coronavirus pandemic successfully, the International Monetary Fund (IMF) has said. A statement released by...
Minister of Finance, Budget and National Development, Zainab Ahmed has explained why Nigeria was excluded from the debt relief granted to 25 countries by the Executive...
Capital outflow of more than $4.2bn has been lost by Nigeria and some other sub-Saharan Africa countries since the end of February as a result of...
The International Monetary Fund (IMF) on Monday granted debt relief to a group of 25 countries largely dominated by African nations. It identified the beneficiaries as...
Nigeria’s application for a $3.4 billion credit from the International Monetary Fund (IMF) is currently under review. “We are working hard to respond to this request...
As a measure to shore up its weakening fiscal base and mitigate shocks from the coronavirus pandemic, the Nigerian Government said Monday afternoon it had approached...
African Ministers of Finance are seeking debt relief from international lenders to buffer the effects of COVID-19 on national economies within the continent. According to them,...
The International Monetary Fund (IMF) has inaugurated a fund-raising initiative through its Catastrophe Containment and Relief Trust (CCRT) that would enable it provide additional debt service...
The International Monetary Fund (IMF) Friday officially confirmed that the global economy has moved into a recession. Kristalina Georgieva, boss of the Washington-based lender, said developing...
In a gesture aimed at relieving Nigeria and other members of the International Development Association (IDA) of their mounting debt burden, the World Bank and the International Monetary...
The Buhari Media Organisation (BMO) on Wednesday faulted the forecasts by the World Bank and the International Monetary Organisation (IMF) on Nigeria’s 2020 economic growth, which...
Washington-based International Monetary Fund (IMF) announced on Tuesday that total global debts soared by $3 trillion to $188 trillion by December 31, 2018 as Nigeria, China and other...
The International Monetary Fund (IMF) on Thursday announced that oil-dependent economies like Nigeria’s continued to perform worse than countries dependent on other exports. According to the...
The International Monetary Fund (IMF) on Wednesday for the third time this year, expressed concerns over the rising debt profile of Nigeria, saying that the debt...
The Minister of Finance, Zainab Ahmed, said on Sunday that the International Monetary Fund (IMF) backed the Federal Government’s decision to close Nigeria’s borders because it...
The International Monetary Fund (IMF) on Saturday backed the Federal Government’s decision to close Nigeria’s borders with some neighbouring countries over illegal trade. The Comptroller-General of...
The International Monetary Fund (IMF) has expressed concerns that Nigeria’s per capita growth is weak, adding that strong measures were needed to move the growth into...
The Peoples Democratic Party (PDP) has alleged moves by the Muhammadu Buhari Presidency to start conjuring false statistics to cover its incompetence and failures in governance....
President Muhammadu Buhari has discredited data presented by the World Bank and the International Monetary Fund (IMF) on Nigeria, describing them as wild estimates that hardly...
The International Monetary Fund (IMF) has raised concerns about the proposed increase in Value Added Tax (VAT), of which the proposed 2020 budget was partly predicated...
Going by the conclusion of an International Monetary Fund (IMF) team led by Amine Mati, Senior Resident Representative and Mission Chief for Nigeria, the apex bank,...
The International Monetary Fund (IMF) has become increasingly infatuated by the negative consequences of excessive inequality. This new-found mission is laudable, but neglects the manifold ways...
African Union (AU) leaders will gather in Niger on 7 July for an Extraordinary Summit to discuss the African Continental Free Trade Area. They will be...
The Minister of Finance, Zainab Ahmed, has assured that although government borrows to deliver on its promises, it is also mindful of the rising debt burden...
Again, the federal government has given reasons the advice of the International Monetary Fund (IMF) may not be operable in Nigeria, stating that it is yet...
The federal government has said that contrary to speculations, there is no immediate plan to remove subsidy on premium motor spirit, otherwise known as petrol. This...
The Nigerian Labour Congress (NLC) has cautioned the Federal Government against the removal of subsidy on petroleum products in the country, rather, it advised that efforts...
After declaring that the debt to GDP ratio of the country was becoming too risky, the International Monetary Fund, IMF, on Friday said it was concerned...
Christine Lagarde, the Managing Director, International Monetary Fund, IMF, has called on the Federal Government of Nigeria to stop paying subsidy on petrol. Lagarde, who said...
Newly elected World Bank president, David Malpass, warns that nine in every ten extremely poor people across the world will be Africans come 2030. This was...
The International Monetary Fund, IMF, has raised the alarm that ratio of Nigeria’s debt profile to GDP is already risky. The IMF stated this on Wednesday...
The International Monetary Fund (IMF) has thrown its weight behind the planned increase in Value Added Tax (VAT) by the Federal Government. The Organisation also encouraged...
The Minister of Budget and National Planning, Senator Udo Udoma, has predicted that the nation’s economy will grow by 3.1 percent in 2019. The minister’s prediction...
The International Monetary Fund, IMF, has reduced the projection for Nigeria’s Gross Domestic Product, GDP, for 2019 to two per cent. The IMF had previously projected...
The International Monetary Fund (IMF) has put Nigeria’s debt at 34 percent of the country’s Gross Domestic Product (GDP). The Fund revealed this in a new...
The First Deputy Managing Director of the International Monetary Fund, IMF, David Lipton, Tuesday, warned that `storm clouds’ were gathering over the global economy. According to...
The International Monetary Fund (IMF) has raised the alarm that Nigeria currently spends over 50% of its revenue to service debts. According to the IMF, the...
The International Monetary Fund (IMF) has called on the federal government to urgently review its tax policies to block leakages and diversify its revenue base. IMF...
The federal government 2017 budget recorded an 86 per cent implementation, the Minister of Budget and National Planning, Sen. Udoma Udo Udoma, has disclosed. He told...
The International Monetary Fund (IMF) has said Nigeria needs to be cautious of the current depletion in its foreign reserves, noting that the normalization of interest...