Tag: International Monetary Fund (IMF)

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.

Mr Wickremesinghe also declared a nationwide state of emergency. This is coming on the day President Gotabaya Rajapaksa is expected ...

The IMF says it is a reflection of the low revenue of the country, adding that it needs to mobilise ...

The U.S. Federal Reserve's decision on Wednesday, the biggest in 22 years, is expected to reverberate around the globe and ...

A system that was designed in 1944 has run its course. It is time for holistic transformation to render the ...

From its closure of borders, through to its sundry bans on importation of diverse commodities, the message has been, if ...

The IMF projected the country’s economy to grow by 3.1 per cent by 2023 from the 2.7 per cent it ...

IMF says such taxes are still in their infancy in most emerging market and low-income countries.

What South Africa needs at this critical stage is socio-economic transformation. This entails the commitment of both state and non-state ...