Based on the terms of the Rapid Financing Instrument, Nigeria is expected to pay back the loan between within 3¼ to 5 years.
Nigeria may need more than $3.4 billion from the IMF and bond buyers making it inevitable that the currency will be floated
The executive board of the International Monetary Fund (IMF), has approved the sum of $3.4 billion as Rapid Financing Instrument (RFI) as fiscal support to Nigeria...
The Federal Government has reacted to the exclusion of Nigeria from the list of countries to benefit from the International Monetary Fund ‘s (IMF) debt
The Executive Board of International Monetary Fund (IMF) has approved the disbursement of $1 billion to be drawn under the Rapid Credit Facility (RCF) to aid...
Nigeria's access to raw materials and manufactured goods from other regions could become greatly hampered in the coming weeks.
Nigeria’s external debt hits a 16 year high of $27 billion in December 2019 just higher than the $20.8 billion in external debt level as at...
The dreaded Coronavirus pandemic is expected to drive Sub-Saharan Africa into its first recession in 25 years.
IMF considering a massive bailout that could help save Nigeria from a major economic crisis.
The coronavirus knows no boundaries, so governments across the world are struggling to protect their populations and their economies as best they can.