IMF backs CBN rate cut amid inflation decline
The International Monetary Fund has supported the Central Bank of Nigeria’s decision to cut interest rates, saying the move was right because…
IMF
Financial repression hits decades-high levels globally, IMF warns
Financial repression has risen to its highest levels in decades as governments with elevated debt increasingly face constraints in using conventional fiscal…
IMF tasks central banks on stronger AI governance rules
The International Monetary Fund has called on central banks and financial regulators to strengthen governance frameworks for Artificial Intelligence. The Fund warned…
Rising prices of essential goods will deepen poverty in Nigeria — IMF
The International Monetary Fund has warned that rising prices of essential goods will deepen poverty and food insecurity in Nigeria despite improved…
FG denies spending ₦8trn outside approved budget, faults IMF claim
The Federal Government has dismissed claims that it spent over N8 trillion outside the approved budget, describing the allegation as false and…
Nigeria omitted 2% GDP spending from budgets — IMF
Nigeria failed to record public spending equivalent to about 2 per cent of its Gross Domestic Product in recent official budgets, creating…
IMF warns stablecoins could weaken naira’s monetary policy
The International Monetary Fund has warned that the growing use of United States dollar-denominated stablecoins in Nigeria could weaken demand for the…
IMF urges Nigeria to tax telecom services, extend vAT to fuel
The International Monetary Fund has urged Nigeria to introduce excise duties on telecommunications services and expand Value Added Tax coverage to fuel…
IMF urges stronger crypto regulation in Nigeria to enhance stability
The International Monetary Fund has urged Nigeria to incorporate stablecoins and other crypto-asset activities into its regulatory framework. The recommendation is part…
IMF projects Nigeria’s external debt to hit $72.6bn by 2027
Nigeria’s public external debt is projected to rise by $20.7bn by 2027, the country’s election year, according to the International Monetary Fund.…
Nigeria’s economy stronger but poverty worsened, IMF warns
The International Monetary Fund said Tuesday that reforms implemented by the Nigerian government had strengthened the country’s economy, but warned that more…
IMF warns of rising fiscal deficits in Africa despite oil gains
Sub-Saharan Africa’s fiscal position is expected to weaken in 2026, even as improved commodity prices offer some relief to external balances across…