The IMF expects poorer nations dealing with the virus to have longer economic recoveries.
African Finance ministers had asked for debt relief from multilateral Institutions amid the coronavirus crisis.
Invest in funds that are denominated in currencies other than the Naira.
Even with lockdowns being partially eased, IMF warned that there could be an even worse decline.
Based on the terms of the Rapid Financing Instrument, Nigeria is expected to pay back the loan between within 3¼ to 5 years.
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 MD of the IMF, Kristalina Georgieva has announced that the Fund would provide $500 million in grant-based debt service relief to 25 countries.
Anytime we hear about foreign reserves, we just learn about the movement in the reserves, whether upwards or downwards. But there is more to the concept....
Nigeria is feeling the heat and that is because its sole dependence on oil has made it suffer a Twin Shock.
Emerging market economies could begin defaulting on their bonds in the coming weeks,this is due to the COVID-19 pandemic.
