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IMF
A recent report by the International Monetary Fund (IMF) has assessed the adoption of Nigeria's digital currency, the eNaira, as disappointingly low.
IMF researchers called the eNaira's debut year 'admirable', but offered more suggestions for improving its core mandate.
Africa should use trade as an engine for integration in global supply chains and make regional supply chains vibrant.
The International Monetary Fund has provided some insights into how African countries can use the AfCFTA to reduce climate change
The IMF says countries in sub-Saharan Africa are at risk of losing out on key markets if geopolitical tensions continue.
NECA says if the cost of governance can be addressed decisively, it has the tendency to reduce borrowing.
The IMF has urged African countries should secure more stable financial resources, preserve debt sustainability and provide more concessional financing to relax financing constraints
The IMF said increasing well-targeted social spending will cushion the anticipated adverse effects of fuel subsidy removal
The IMF also projected massive economic slowdown for the country due to Nigeria’s weak oil production and the heavy impact of flooding
Market participants tend to protect themselves by preferring to hold dollars under high and persistent inflation environments
The IMF disclosed this in a blog post examining the potential consequences of dissolving global trade links
He chastised speculators who have claimed that investors would lose their money due to the impending loan deal with the IMF