US Fed has signalled its time to cut interest rates; Here is what it means for Nigeria’s exchange rate
On Friday, August 23rd, the US Federal Reserve Chair, Jay Powell delivered a much awaited speech at the Jackson Hole ...
Tag: IMF
eNaira makes up less than 1% of currency in circulation as of March 2024
Nigeria’s Central Bank Digital Currency (CBDC), eNaira, makes up less than 1% of the total currency in circulation as of ...
IMF downgrades Nigeria’s 2024 GDP growth in revised economic outlook
The International Monetary Fund (IMF) has downgraded Nigeria’s real GDP growth in 2024 from 3.3% in its earlier projection in ...
Nigeria’s GDP projected to reach 2014 level of $552 billion by 2031- Report
Nigeria’s real Gross Domestic Product (GDP) is projected to reach $552 billion by 2031 according to research by Afrexim Bank. ...
IMF says Nigeria, other developing countries lack digital infrastructure for AI
A new report by the International Monetary Fund (IMF) has revealed that Nigeria and some other developing countries lack digital ...
Ghana reaches debt restructuring agreement with its $13 billion Eurobond holders
Ghana has reached an agreement in principle with its bondholders to restructure its $13 billion Eurobonds.
Nigeria’s share of global FX reserves falls to 0.26%, as global FX reserves hit $12.3 trillion
Global Forex Reserves hit $12.3 trillion at the end of 2023 representing a 3.5% year-on-year increase from the $11.92 trillion ...
Import restrictions in Nigeria, other African markets complicating business operations- IMF
The International Monetary Fund (IMF) has stated that the challenge of import restrictions in Nigeria and other African countries complicates ...
CBN to transfer N5.5 trillion development finance activities to private banks, DFIs
The Central Bank of Nigeria (CBN) plans a major restructuring in its operations, aiming to transfer about N5.5 trillion in ...
Fuel and electricity subsidy payment to increase Nigeria’s budget deficit in 2024 – IMF
The International Monetary Fund (IMF) has stated that Nigeria’s budget deficit would increase beyond the projected figure for 2024 due ...
