IMF

Petrol subsidy could hit N6trn by end of year, IMF warns

The International  Monetary Fund, IMF, said yesterday that Nigeria’s subsidy bill would hit N6 trillion by end of this year.…

2 years ago

IMF ready to lend more to Nigeria

The International Monetary Fund (IMF) has not foreclosed granting credit facilities to Nigeria and other emerging economies within its membership,…

3 years ago

IMF: eNaira, other crypto better than bitcoin

The IMF says central bank digital currencies (CBDCs) such as eNaira are a better bet than cryptocurrencies including bitcoins and…

3 years ago

IMF insists on removal of fuel subsidy, official exchange rate

The International Monetary Fund has insisted that the Nigerian government is left with no option than to stop subsidising fuel…

3 years ago

Crypto assets may displace local currencies in developing countries — IMF

The International Monetary Fund has said some emerging markets and developing economies face immediate and serious risks of currency substitution…

3 years ago

Nigeria gets $3bn as IMF lifts member nations with $650bn

The International Monetary Fund has announced $650bn special drawing rights (SDRs) for member countries to boost the liquidity, with Nigeria…

3 years ago

Nigeria’s economy recovering but unemployment, inflation still high – IMF

The International Monetary Fund has said Nigeria’s economy is recovering gradually from the negative impact of COVID-19 but notes that…

3 years ago

IMF predicts 2.5% economic growth for Nigeria

The International Monetary Fund (IMF) has projected growth of 2.5 per cent for Nigeria in 2021, which is one per…

4 years ago

Nigeria’s socio-economic conditions worsened despite $3.5bn IMF loan – Report

Backs fuel subsidy removal, CBN reform policies International Monetary Fund (IMF) says despite the $3.5bn loan it gave Nigeria to…

4 years ago

IMF ranks Nigeria’s economy 26th globally, biggest in Africa

USA leads 10 largest world economies with $19.4tn GDP Nigeria maintains its lead as the biggest economy in Africa, in…

4 years ago