IMF

IMF Welcomes CBN’s Removal of FX Restrictions on 43 Items

It said Tinubu's reforms need time to yield desired results.

1 year ago

IMF Reiterates Need for Nigeria to End Petrol Subsidy

Nigeria is facing a severe revenue crisis as it continues to underperform in terms of crude oil production.

2 years ago

Hunger in Nigeria, Other African Countries Soared by Almost a Third in Two Years, Says IMF

Severe drought across several countries has been exacerbated by Russia’s invasion of Ukraine.

2 years ago

Nigeria May End Up with IMF ‘Unwillingly’ If It Fails to Address Fiscal Challenges, Says Budget Office Boss

Akabueze advised that gains from the removal of petroleum subsidies should be redirected to investment in the oil sector.

2 years ago

China to Pick 17 African Countries for Debt Forgiveness, Offers $10bn in IMF Funds

In recent years, China has established itself as Africa’s largest bilateral lender bankrolling key infrastructure projects on the continent as…

2 years ago

IMF Delegation Visits Ghana to Discuss Possible $3bn Loan

A delegation from the International Monetary Fund (IMF) is billed to visit Ghana Wednesday to begin initial discussions about a…

2 years ago

IMF: 20 Sub-Saharan African Countries in Debt Distress, High Risk of Debt Distress

  The International Monetary Fund (IMF) has warned that debt vulnerabilities remains elevated in Sub-Saharan Africa, with no fewer than…

3 years ago

IMF Raises Nigeria’s Economic Growth Projection to 3.4%

The International Monetary Fund (IMF) has raised Nigeria’s 2022 economic growth forecast from the 2.7 per cent it had previously…

3 years ago

Countries with Huge Debts Vulnerable to Financial Crises, Recession, IMF Warns

The International Monetary Fund (IMF) has warned that economies with large external debts could be vulnerable to financial crises and…

3 years ago

Russia-Ukraine War Threatens Africa’s Food and Fuel Prices, IMF Says

The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has warned that the war in Ukraine threatens to…

3 years ago

IMF Proposes $50bn Trust Fund to Help Low-Income Countries

As the COVID-19 pandemic continues to exert heavy strain on the global economy, the International Monetary Fund (IMF) is proposing…

3 years ago

IMF Urges Nigeria to Fully Remove Fuel Subsidies Early 2022

Contrary to the federal government's plan to remove subsidy on petrol in the second half of next year, the International…

3 years ago

Nigeria’s eNaira Attracting Global Attention, IMF Says

The International Monetary Fund (IMF) has revealed that Nigeria’s digital currency, the eNaira has been “drawing substantial interest from the…

3 years ago

IMF Urges Wealthy Nations to Direct $650bn SDR Share to Those Worst Hit By Covid

As its $650 billion Special Drawing Rights (SDR) disbursement came into effect monday, the  Managing Director of International Monetary Fund…

3 years ago

Nigeria Gets $3.35bn in IMF’s Historic $650bn SDR Allocation

The Board of Governors of the International Monetary Fund (IMF) has approved a general allocation of Special Drawing Rights (SDRs)…

3 years ago

IMF Approves $650bn SDRs To Member Countries Effective August 23

As a way of helping struggling economies deal with the fallout from the Covid-19 pandemic, the International Monetary Fund has…

3 years ago

Cryptocurrencies Not Suitable As Legal Tender, IMF Warns

The International Monetary Fund (IMF) has warned against the adoption of cryptocurrencies like Bitcoin and Ethereum as legal tenders. As…

3 years ago

IMF Raises Nigeria’s Growth Forecast for 2022, Retains Growth Projections for 2021

The International Monetary Fund (IMF) has revised upward its growth forecast for the Nigerian economy in 2022  by 0.3 per…

3 years ago

Re-emergence of Fuel Subsidy in Nigeria Worrisome: IMF

The International Monetary Fund has expressed concern over the re-emergence of fuel subsidy in Nigeria in the face of the…

3 years ago

Pope Urges IMF, World Bank to Cut Poor Nations’ Debts

Pope Francis on Thursday urged the International Monetary Fund (IMF) and the World Bank to cut the debt burden of…

4 years ago