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IMF pledges $50bn aid to Nigeria, others amid US-Iran war

The International Monetary Fund has indicated plans to provide up to $50 billion in financial support to Nigeria and other countries affected by the biting impact of the ongoing Middle East crisis. Managing Director of the IMF, Kristalina Georgieva, disclosed this at the unveiling of the Fund’s Global Policy Agenda during the ongoing Spring Meetings […]

World

Nigeria’s bank recapitalisation timely amid global financial risks — IMF

The International Monetary Fund has described Nigeria’s recently concluded bank recapitalisation exercise as a critical buffer against rising global financial risks, noting that stronger capital positions will help the banking system withstand external shocks. The financial counsellor and director of the Monetary and Capital Markets Department at the IMF, Tobias Adrian, made this assessment while […]

Opinion

IMF warns Middle East war threatens Nigeria’s energy, food security

The International Monetary Fund has warned that the ongoing war in the Middle East is casting a shadow over the global economy, threatening recovery and triggering widespread disruptions. In a blog post by top officials, the IMF said the conflict, beyond its human toll, is “upending lives and livelihoods” while weakening growth prospects for economies […]

Business

IMF warns rising oil prices could drive global inflation

The International Monetary Fund has warned that a sustained increase in oil prices could raise global inflation by about 40 basis points. The IMF’s Managing Director, Kristalina Georgieva, issued the warning on Saturday in an interview with Bloomberg, citing the potential economic impact of the ongoing tensions between the United States and Iran. Her comments […]

Opinion

IMF ranking, cheaper food prices show Tinubu’s reforms are working – Aide

President Bola Tinubu’s Special Adviser on Economic Affairs, Dr Tope Fasua, has stated that Nigeria’s inclusion on the International Monetary Fund’s list of countries expected to contribute to global growth, along with the recent decline in food prices, clearly indicates that the administration’s economic reforms are producing positive results. Fasua made these remarks during an […]

featured

Nigeria to become third-largest African economy in 2026 – IMF

The International Monetary Fund has projected Nigeria to become Africa’s third-largest economy in 2026. The IMF’s October 2025 World Economic Outlook shows Nigeria’s GDP at current prices at about $285 billion, behind South Africa ($426 billion), Egypt ($349 billion), and Algeria ($288 billion). South Africa led the continent with a GDP of roughly $426 billion, […]

featured

IMF urges caution on rate cuts as inflation pressures persist

The International Monetary Fund has urged central banks to be cautious about lowering interest rates, warning that price stability remains essential amid uneven economic growth and lingering inflation. In its latest 13-page World Economic Outlook update, the IMF said that although some economies are showing signs of modest recovery, inflation pressures persist. The Fund stressed […]

Business

IMF raises Nigeria’s 2026 growth forecast to 4.4%

The International Monetary Fund has revised upward Nigeria’s economic growth projection for 2026 to 4.4 per cent, from an earlier estimate of 4.2 per cent. The updated forecast was contained in the IMF’s January 2026 World Economic Outlook update, released on Monday. According to the Fund, the improved outlook reflects rising confidence in Nigeria’s medium-term […]

Economy

IMF backs Nigeria’s inflation data after CPI overhaul

Nigeria’s inflation outlook received a boost in credibility after the International Monetary Fund endorsed newly revised consumer price data that indicate a significant easing of price pressures. The endorsement follows a comprehensive methodological overhaul of inflation measurement by the National Bureau of Statistics, designed to align Nigeria’s data with international standards. The IMF said the […]

Business

Tight policies, FX adjustments behind Nigeria’s inflation drop – IMF

The International Monetary Fund attributes the recent fall in Nigeria’s inflation to stricter policy measures and exchange rate adjustments. IMF Director for the African Department, Abebe Selassie, made the remarks on Thursday at the launch of the Regional Economic Outlook for Sub-Saharan Africa in Washington, DC. According to the National Bureau of Statistics, Nigeria’s headline […]

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