Nigeria’s foreign reserves to drop 2024 – IMF
The International Monetary Fund has predicted that Nigeria’s foreign reserve is expected to decrease significantly, falling to $24 billion in 2024. “Through…
IMF
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…
IMF lowers 2024 growth projections for Nigeria
The International Monetary Fund reduced its October prediction of 3.1% for Nigeria’s GDP growth in 2024 to 3.0, which is a 0.1%…
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…
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…
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…
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…
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…
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…
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…
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…
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%,…