IMF: FG may need supplementary budget for minimum wage
The International Monetary Fund has said that the Federal Government may need to raise a supplementary budget to take account of the…
IMF
IMF warns FG to stop fuel, electricity subsidies
The International Monetary Fund has warned Nigeria’s government to take away the implicit fuel and electricity subsidies. This was disclosed by the…
FG’s planned domestic dollar bond may pressure naira – IMF
The International Monetary Fund has raised concern about the Nigerian government’s policy of issuing domestic dollar-denominated bonds, according to the recently published…
IMF urge Nigeria to regulate Crypto trading platforms
The International Monetary Fund has urged the Nigerian government to direct global crypto trading platforms to register or obtain licences before operating…
Nigeria’s inflation rate will drop to 23% next year -IMF
The Global Economic Outlook has projected a decline in Nigeria’s inflation to 23 per cent next year. This disclosure was made during…
Financial institutions lost $12bn to cyberattacks in 20 years–IMF
The International Monetary Fund has disclosed that financial institutions worldwide suffered a cumulative loss of $12 billion due to cyberattacks over the…
Egypt signs $40bn deals with UAE, IMF to stabilize currency
Within ten days of freeing its currency and witnessing a 38% decline, Egypt was able to negotiate over $40 billion in investment…
Egypt to receive $8bn IMF bailout
Egypt’s bailout package from the International Monetary Fund has been successfully expanded to $8 billion. This comes after the government took the…
IMF backs CBN on interest rate hike
By Melvin Onwubuke The International Monetary Fund has supported the decision of the Monetary Policy Committee of the Central Bank of Nigeria…
Ghana to lose $3.8 billion World Bank funding over anti-LGBTQ+ bill
By Melvin Onwubuke The Ghanian government is posed to lose the total of $3.8 billion in World Bank funding over a…
IMF doesn’t publish exchange rates – Rep
The International Monetary Fund Resident Representative for Nigeria, Christian Ebeke, stated in a statement on Friday that the IMF does not release…
Nigeria’s inflation may hit 44%, IMF warns
By Melvin Onwubuke The international Monetary Fund recent post-financing assessment report concerning Nigeria, paints a bleak picture of the country’s economic…