Tag: International Monetary Fund (IMF)

While acknowledging that the reforms had weakened Nigerians' purchasing power, President Tinubu said his administration will continue to provide social ...

The IMF said it will continue to adapt to serve its members with tailored policy advice, financial lifelines when needed, ...

The IMF urged countries across the African region to “transform informality to formality”.

They are all policy proposals that are still subject to review at the highest level of government. Indeed, one has ...

The removal of petrol subsidies, implemented on 29 May 2023, has exacerbated the living standards of the population, with the ...

The world does not own a bank, so there is no such thing as a World Bank; what is so-called ...

“The marginal growth in GDP by 2.5% in Q2 2023 from 2.3% in Q1 2023 was caused by the lingering ...

IMF also advises the incoming government of President-elect Tinubu to drastically reduce dependence on debt to fund expenditure.

98.5 per cent of wallets have not been used even once, the IMF says.

“No change in the overall policy direction regarding the petrol subsidy is envisaged by June 2023,” an official said.

The ABP supported about 4.57 million smallholder farmers who cultivated over 6.02 million hectares of 21 commodities, the CBN said.

Nigerian President-elect Bola Ahmed Tinubu. ... when you are handed a poisoned chalice, you do five things. One, acknowledge you ...

Mr Ganduje, a Tinubu loyalist, said the policy is hurting the APC and may truncate democracy.

The IMF urged the Nigerian authorities to remove fuel subsidies by mid-2023, and to increase well-targeted social spending.

The New Year is going to be “tougher than the year we leave behind,” an official said

The country suspended payments on its Eurobond, commercial term loans, and on most of its bilateral debt, a week after ...

The World Bank says the revision is due to slow economic growth in the third quarter, and due to a ...

"I'm not denying my wealth. I was the most investigated, the most accused governor in opposition for eight years up ...

In September, the Hanke Currency Watchlist listed the Cedi—along with the Nigerian naira—as one of the worst-performing currencies in Africa ...

The IMF says there has been no improvement in the nation’s budget deficits because of large energy subsidies, but also ...

The Fund also projected the global economy's growth to slow from 6.0 per cent in 2021 to 3.2 per cent ...

While there are legitimate political and economic headwinds, there are also reasons for optimism in the African continent.

"Nigeria is the only major oil exporter that hasn’t benefited from the windfall of higher global oil prices."

The government likely borrowed N3.09 trillion in four months to finance its budget deficit.