The International Monetary Fund (IMF) said on Monday that banks in Nigeria and other emerging markets are exposed to high risk due to rising governments’ debt...
Debt servicing has continued to constitute a major setback for the Nigerian economy as the Central Bank of Nigeria (CBN) has, once again, been forced to...
The International Monetary Fund (IMF) has urged the Nigerian government and other nations to liquidate companies that are too weak to survive the debt they piled...
The eNaira will cause money laundering and financing of terrorism, according to the International Monetary Fund (IMF), as the global creditor revealed the digital currency possesses...
The International Monetary Fund (IMF) has listed four potential risks of bitcoin to a country’s economy, as the global financial body says it doesn’t recommend legalising...
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...
Nigeria’s next leader after the administration of President Muhammdu Buhari could meet only $29.1. billion in the external reserves the International Monetary Fund has forecasted. The...
Following the call by the International Monetary Fund (IMF) for Nigeria to remove official exchange rates, the value of Naira depreciated at the official and black...
The International Monetary Fund (IMF) has predicted a difficult 2022 for the Nigerian economy, owing to the rise of the dollar against the naira and weak...
Tough times await Nigerian currency, and its economy as for the first time in three months, Nigeria’s external reserve has fallen below the $40 billion threshold....
The risk sentiments of bitcoin has spilled over into the stock market, according to the International Monetary Fund (IMF), as the most popular cryptocurrency and equity...
The Central Bank of Nigeria (CBN) has been advised by the International Monetary Fund to allow Naira depreciate further. CBN in December 2021 devalued the Naira...
The International Monetary Fund (IMF) said regulation of cryptocurrency activities shouldn’t hinder the “plenty” “potential” that crypto assets offers the financial industry. In the past months,...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the...
The International Monetary Fund has expressed concern that cryptocurrencies would become a major currency in Nigeria and other developing countries. It also added that the currency...
The International Monetary Fund I(MF) has called on advanced economies in the G20 to extend and improve their debt relief initiatives, warning that many countries face...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the...
The International Monetary Fund (IMF) has called for the complete removal of fuel and electricity subsidies in Nigeria early next year. In the concluding statement of...
The International Monetary Fund (IMF) stated that Nigeria needs to unify its multiple exchange rates if its digital currency, eNaira, is to have an impact on...
The number of borrowers approaching financial institutions for loans jumped to its highest level in five years according to the International Monetary Fund (IMF). IMF stated...
The Buhari Media Organisation (BMO) said on Sunday Nigeria would surpass the International Monetary Fund (IMF) growth projections for the economy. The Bretton Woods institution had...
The International Monetary Fund (IMF) on Thursday predicted Nigeria’s economy to grow by 2.7 percent in 2022. The IMF disclosed this in its October Regional Economic...
The International Monetary Fund (IMF) said on Friday inflation rate would rise higher in Nigeria and other emerging markets than in advanced economies by end of...
The International Monetary Fund (IMF) has renewed its call against the adoption of Bitcoin and other cryptocurrencies, citing economic risk among others. In a statement issued...
Nigeria’s external reserves have grown by 3.71 percent, or $1.96 billion, in the last 19 days. According to figures obtained from the Central Bank of Nigeria...
Appreciation in Bitcoin market value is gaining momentum with the hype around El Salvador’s official adoption of the most popular cryptocurrency. Following months of preparation, El...
Nigeria recorded a monthly gain in its external reserves in August amid news that the countey would be expecting $3.5 billion from the International Monetary fund...
Nigeria together with other developing countries are expected to share $275 billion dollars out of the International Monetary Fund’s (IMF) $650 billion Special Drawing Rights (SDRs)....
The International Monetary Fund (IMF) on Monday approved the allocation of $3.35 billion from the $650 billion Special Drawing Rights (SDRs) to Nigeria. The decision will...
The International Monetary Fund (IMF) has expressed its readiness to grant more loans to Nigeria and other developing countries. IMF stated this in its recently published...
International Monetary Fund (IMF) has warned Nigeria and other countries on the danger of adopting crypto assets as a national currency. The IMF warning followed plans...
The International Monetary Fund (IMF) has retained Nigeria’s 2.5 percent forecast for Nigeria’s economic growth this year. The institution disclosed this in its World Economic Outlook...
The International Monetary Fund (IMF) has issued a warning to Nigeria that the expected growth rebound in 2021 could be impeded if the country continues paying...
The International Monetary Fund (IMF) on Monday urged Nigeria and other African countries to tax the private sector more in order to grow the economy. In...
The International Monetary Fund (IMF) is to offer African members special drawing rights for funds, as it stated that Africa will need double of $286 billion...
The International Monetary Fund (IMF) has predicted a 2.5 percent growth for the Nigerian economy in 2021. In its April World Economic Outlook released on Tuesday,...
The International Monetary Fund (IMF) has thrown its weight behind the Central Bank of Nigeria (CBN) two weeks after the CBN directed banks to close accounts...
The International Monetary Fund (IMF) has stated that Nigeria is at a critical point, with the country’s economy projected to record a sluggish growth following its...
The International Monetary Fund (IMF) on Monday urged the Central Bank of Nigeria (CBN) to stop financing the Federal Government’s budget deficits in order to stop...
Time-to-time measures taken by monetary authorities in the foreign exchange systems of Nigeria and other emerging economies are creating an undue optimism in the local currency,...
These 10 top stories from Nigerian newspapers will interest you 1. 617 new COVID-19 cases take Nigeria’s total to 72,757. Deaths, recoveries updated Nigeria on Saturday...
The International Monetary Fund (IMF) Friday proposed a hike in Value Added Tax (VAT) and excise duties for Nigeria, suggesting that the implementation of the recommendations...
The International Monetary Fund (IMF) said on Friday said Nigeria’s economic output would recover to its pre-COVID-19 level by 2022. The IMF said in a statement,...
The Managing Director of the International Monetary Fund (IMF), Ms. Kristalina Georgieva, said on Tuesday corruption corrodes trust in government and weakens the impact of policies...
Senate President Ahmad Lawan said on Thursday Nigeria’s economy was being steered on the path of growth despite the prevailing challenges. Lawan, according to a statement...
The World Bank is in talks with the International Monetary Fund (IMF) with a view to offering debt reduction to Nigeria and other member countries of...
The International Monetary Fund (IMF) has forecasted that the Nigerian economy will slow down by 4.3% this year, reversing it from its earlier projection of -5.4%. The...
The continent of Africa needs the sum of $1.2tn (£920bn) over the next three years to recover from the effect of economic damage as well as...
President Muhammadu Buhari has pressed for the reallocation of the Special Drawing Rights (SDRs), which the International Monetary Fund (IMF) retains as supplementary foreign exchange reserves...