Business
blog

6 Uncomplicated Ways to Get Studying Fun

  • July 26, 2020
blog

Acestea sunt semne bune că vor oferi mult

  • July 28, 2021
Naira falls N777 against dollar after CBN announcement
Economy

Investment commission pledges FDI support to improve Nigeria’s

  • March 6, 2022
Energy

Nigeria’s gas revolution will lift West Africa’s energy

  • March 6, 2022

Contact Info

Some Populer Post

Japan eyes relaxed car safety regulations amid US trade

Business

Cardoso reiterates CBN’s commitment to transparent monetary reforms

featured

Mixed reactions as Anambra govt demolishes Innoson Motors’ headquarters

Business
Air Peace denies alleged safety protocol violations in UK

Air Peace halts all flights to Enugu’s airport over

Aviation

Tag: IMF

Fuel, electricity tariff cap costly, IMF warns Nigeria
News

IMF Projects Nigeria’s inflation rate to drop to 15.5% in 2025

Nigeria’s inflation rate is expected to drop to 15.5 per cent in 2025 and 23 per cent in 2024, according to the International Monetary Fund. The IMF’s Division Chief of Research Department, Daniel Leigh, made a suggestion about this during the recent World Economic Outlook update press conference. As of December 2023, Nigeria’s inflation rate was […]

Fuel, electricity tariff cap costly, IMF warns Nigeria
featured

Subsidy removal to make space for development spending – IMF

The International Monetary Fund has stated that, while Nigeria and other low-income debtors are yet to request debt relief, high debt servicing costs continue to be a significant concern. The PUNCH reported that the multilateral lender stated that the good news was that no low-income country had made a major request for comprehensive debt relief since […]

Fuel, electricity tariff cap costly, IMF warns Nigeria
Business

IMF expresses concerns over Kenya’s fuel subsidy reintroduction

The International Monetary Fund has raised concern over Kenya’s plan to reintroduce fuel subsidies. Business Insider reported that the global lender expressed reservations about the scheme’s feasibility, stressing that Kenya may not be able to pay oil traders due to financial constraints. The bank also mentioned an unpaid bill in the sector stating that Kenya may […]

Fuel, electricity tariff cap costly, IMF warns Nigeria
News

IMF’s warns of spending ‘pressure’ ahead 2024 elections

The International Monetary Fund Managing Director, Kristalina Georgieva has stated that 2024 is likely to come with a lot of spending as a result of the elections planned for the year. According to Arise News, she added that 2024 will be a very tough year for fiscal policies worldwide as countries look to tackle debt […]

Fuel, electricity tariff cap costly, IMF warns Nigeria
Business

Six east African countries to benefit from IMF’s $1.9bn funding

Rwanda, Tanzania, the Democratic Republic of the Congo, Somalia, Burundi, and Kenya are among the countries chosen by the IMF. A report by the East African news outlet The East African claimed that these countries are similarly beset by dwindling foreign exchange reserves, decreased tax receipts, and weakening national currencies. “The IMF funding, which is pegged […]

Business

IMF seeks tougher crypto regulations

The Managing Director of the International Monetary Fund, Kristalina Georgieva, has emphasized the importance of comprehensive regulation in the cryptocurrency area in order to protect global financial stability. According to The Punch, Georgieva raised concerns about the influence of broad cryptocurrency adoption on macro-financial stability during her speech at a digital currency conference in Seoul on Thursday. […]

Fuel, electricity tariff cap costly, IMF warns Nigeria
Business

Nigeria’s revenue insufficient to cover debt – IMF

The International Monetary Fund has revealed that Nigeria does not generate enough revenue to meet its needs for development. The Punch reported that the IMF claimed that the country’s 9% revenue to GDP ratio is extremely low and insufficient to fund development expenditures, social safety nets, and the protection of its most vulnerable households. This was disclosed […]

IMF backs CBN on interest rate hike
Economy

China’s slowing economy will affect Nigeria – IMF

The International Monetary Fund has revealed that Nigeria’s economic situation is expected to be impacted by China’s slowing growth. The Punch reported that the IMF stated that Nigeria’s economy could be impacted by China’s recent decline in growth by an average of 0.5 percentage points because China has established strong economic linkages with sub-Saharan African nations […]

IMF logo
Uncategorized

Israel-Palestine conflict affecting regional economies, says IMF

The raging war between Israel and Hamas is already battering the economies of nearby countries, the managing director of the International Monetary Fund told a Saudi investor forum on Wednesday. Israel’s neighbours are feeling the effects, especially those that rely on tourism, Kristalina Georgieva said at the Future Investment Initiative in the Saudi capital Riyadh. […]

  • user
  • October 25, 2023
  • 0 Comments
  • 4 Views
Fuel, electricity tariff cap costly, IMF warns Nigeria
Business

Nigeria free to seek loan – IMF

The International Monetary Fund has stated that the naira is now under pressure and that Nigeria is free to request a loan from the Fund to stabilize the currency if it deems it a viable alternative. The Punch reported that however, the Washington-based lender acknowledged that other actions made by the Nigerian government, including recent […]

IMF predicts slow economic growth in Nigeria
News

IMF predicts slow economic growth in Nigeria

      The International Monetary Fund has revised Nigeria’s economic growth projection for 2023 downwards by 0.3 percentage points to 2.9%, citing weaker oil and gas production. This was contained in a report by the IMF’s World Economic Outlook titled ‘Navigating Global Divergences’ in October. In July, the IMF had initially forecasted Nigeria’s 2023 […]

Fuel, electricity tariff cap costly, IMF warns Nigeria
Business

Why Nigeria, others need $2tn to achieve net-zero emissions – IMF

Nigeria and other rising economies will require nearly $2 trillion yearly by 2030, according to the International Monetary Fund, in order to make the switch to net-zero emissions by 2050. The Punch reported that the international lender made this statement in a recent report titled “Emerging economies need much more private financing for climate transition” […]