Pressure on the Naira, Nigeria might look for a dollar loan—IMF.
According to the International Monetary Fund, the naira is now under pressure, and Nigeria is free to seek a loan from the Fund to stabilize the currency if it deems…
IMF advises FG to use fuel subsidy funds to assist vulnerable households.
The Federal government has been urged by the International Monetary Fund (IMF) to use fuel subsidy funds to assist needy households in order to lessen the effects of food shortages…
IMF Projects Nigerian Inflation to Avg. 19% in 2022
Nigeria’s inflation is predicted by the International Monetary Fund (IMF) to reduce to an average of 19% by the end of this year and further decline to 17% by 2023…
Africa Food Costs Taking off In the midst of High Import Dependence, Says IMF
Amid the monetary downturn in some African countries, the expenses of staple meals in the sub-Saharan Africa have surged by means of an common of 23.9 percentage in 2020-22, the…
Nigeria’s External Reserve Slips to 8-Month Low
By Our Business correspondent Nigeria’s foreign reserves plummeted further at $34.85 billion on December 14, as the Central Bank of Nigeria (CBN) continues its interventions across the various foreign exchange…
Nigeria’s Debt Rise To N2.3trn Between March And June
Nigeria’s total debt stock increased by N2.381 trillion between March 31 and June 30, data released by the Debt Management Office (DMO). The total public debt stock, which comprises the…
BURUNDI: IMF Approves $7.6 M Debt Relief To Address COVID-19
The International Monetary Fund (IMF), says $7.6 million debt relief has been approved to aid Burundi’s economic on COVID-19. According to IMF, the relief for three months would be potentially…
UNGA President: African Trade Will Help Cushion US, China Trade War
The president of the UN General Assembly, Tijjani Muhammad-Bande, has said that Africa needs to look inward in order to overcome the negative effects of U.S, China trade war. Muhammad-Bande…
IMF Removed Age Limit For The Position Managing Director
successor may emerge October 4 By Lukman Amusa The Executive Board of the International Monetary Fund (IMF) has removed age limit for the position of Managing Director. A statement by…
IMF Boss, Lagarde Leaves Office
The Managing Director of the International Monitory Fund (IMF), Ms. Christine Lagarde has resigned. Ms. Lagarde made her resignation notice known in a statement she released on Tuesday on the…
