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INTERNATIONAL MONETARY FUND
The allocation which was approved on Monday aims to boost global liquidity at a time when the world is grappling with the coronavirus pandemic.
Nigeria's Finance Minister, Zainab Ahmed and 3 other African Finance Ministers have urged the G-20 to order the...
The IMF team held virtual meetings with the Nigerian authorities to discuss recent economic, financial developments and outlook.
Nigeria’s economy grew the most under the 2-year presidency of late President Umaru Musa Yar'adua.
At the end of the first vaccination phase, Nigeria had used 89.2% of its first-phase proportion, vaccinating 1,794,552 residents, according to NPHCDA data.
IMF forecasts that Nigeria is expected to grow by 2.5% in 2021 and 2.3% in 2022.
In Q4 2020, the economy surprisingly escaped recession evidenced by the 0.11% y/y rise in GDP.
The solution to the world’s debt and liquidity crises is purely an economic issue but it is laced with a new social and political order.
The CBN has reacted to claims that the Federal Government has adopted a flexible exchange rate for its transactions.
IMF is concerned that crude oil is still accounting for about 90% of Nigeria’s export earnings as it did in the 1970s.
The IMF has advised Nigeria on how it can raise more revenues to ensure a more sustainable fiscal position.
Nigerian Government has disagreed with the recommendations of the IMF to further devalue the naira.