IMF: Dangote Refinery, supportive credit facility, can accelerate Nigeria’s economic recovery process
The IMF has noted that the non-oil sector of the Nigerian economy benefit from the new Dangote Refinery and supportive ...
Tag: International Monetary Fund
IMF projects Nigeria to spend 92% of revenue on interest payments in 2022
The Federal Government’s gross debt interest payments is projected to grow to 92% in 2022 from 85.5% in 2021.
IMF urges Nigeria to abandon official exchange rate, fuel subsidy
IMF has insisted that the payment of fuel subsidy and maintenance of an official exchange rate would not yield favourable ...
IMF says Nigeria’s unemployment rate back at its pre-pandemic level
The IMF has stated that reported unemployment rates in Nigeria as at the end of 2020 are yet to come ...
Nigeria should prepare for possible turbulence- IMF
Nigeria and other emerging economies with high foreign currency borrowings and external funding should prepare for possible turbulence, according to ...
Covid-19 pandemic added 70 million more people into extreme poverty – IMF
The number of people living in extreme poverty in 2021 was roughly 70 million more than pre-pandemic patterns according to ...
IMF reduces global growth in 2022 to 4.4%, Nigeria to grow by 2.7%
The International Monetary Fund, IMF, forecast that Nigeria’s economy is expected to grow by 2.7% in 2022 and also grow ...
Foreign reserves fall to $40.66 billion on Xmas week
Nigeria’s foreign reserve dipped $485.41 million to settle at $40.66 billion from $41.15 billion as of 1 December 2021. This ...
IMF warns that no single country can stop cryptocurrency on their own
International Monetary Fund (IMF) has warned that no individual country can stop cryptocurrency on their own. The IMF stated that ...
IMF warns that high food inflation could worsen for Nigeria, others
Rising food costs, according to the International Monetary Fund, is a major factor fueling inflation in Nigeria and other sub-Saharan ...
