Tag: International Monetary Fund

IMF Approves US$3.4bn Emergency Support for Nigeria to Address COVID-19 Pandemic

Henry Solomon- April 29, 2020

The Executive Board of International Monetary Fund (IMF) has approved US$3.4 billion in emergency financial assistance to support Nigeria in addressing economic impact of COVID-19 ... Read More

IMF Backs Nigeria on Border Closure

Henry Solomon- October 19, 2019

The International Monetary Fund (IMF) has backed Nigeria’s closure of its borders with some neighbouring countries over issues bordering on illegal trade. Mr Abebe Selassie, ... Read More

Don’t remove fuel subsidy, NUPENG, PENGASSAN urge Presidency

admin- April 15, 2019

Workers in the oil and gas sector on Sunday advised President Muhammadu Buhari to shun any counsel that would destabilise or cause chaos in the ... Read More

No plans to remove fuel subsidy in Nigeria – Minister

admin- April 15, 2019

The Minister of Finance, Mrs Zainab Ahmed says the  Federal Government reaffirmed that it has no plans to remove fuel subsidy in the immediate future. ... Read More

Multilateral lenders account for 35% of Africa’s debt

admin- October 18, 2018

Multilateral lenders account for 35 per cent of Africa’s total external debt, 32 per cent by private lenders. China accounts for 20 per cent of ... Read More

IMF cuts global economic growth over Trump’s tariff war

admin- October 9, 2018

An upswing in economic risks due to rising trade tensions and debt levels has prompted the International Monetary Fund(IMF) to cut its forecast for world ... Read More

Liberia gets $500m World Bank loan

admin- August 3, 2018

Liberia: President George Weah obtains World Bank’s loan for road projects Liberia has obtained a $500 million World Bank’s loan for the completion of the ... Read More

Oil prices to crash soon – IMF warns

admin- April 18, 2018

Finance Minister, Mrs Kemi Adeosun during a World Bank-IMF conference The International Monetary Fund (IMF) has  predicted that Nigerian economy will grow from 0.8 per ... Read More

Adeosun, Emefiele join World Economic experts at IMF/WorldBank meetings

admin- April 16, 2018

CBN gov Godwin Emefiele and Finance Kemi Adeosun The Minister of Finance,  Mrs Kemi Adeosun and the Central Bank Governor on Sunday left Nigeria for ... Read More

IMF Prediction: Sub-Saharan Africa To Witness 3.4 Percent Economic Growth in 2018

Henry Solomon- October 30, 2017

Economic growth is expected to rise to 3.4 per cent in sub-Saharan Africa in 2018 from 2.6 percent in 2017, the IMF said in a ... Read More

Nigeria Tasks World Bank, IMF To Scale Up Access Renewable Energy

Henry Solomon- October 13, 2017

Nigeria has asked the World Bank Group and the International Monetary Fund (IMF) to scale up the provision of and access to renewable energy in ... Read More

Senate Seeks More IMF Support To Tackle Economic Challenges

Henry Solomon- October 27, 2016

The Deputy President of the Senate, Senator Ike Ekweremadu, has solicited more support and closer partnership with the International Monetary Fund, IMF, in Nigeria’s efforts ... Read More

Economic Growth Possible Next Year For Battered African Economies – IMF

admin- October 27, 2016

The IMF(International Monetary Fund) cut its 2016 growth forecast for Sub-Saharan Africa to 1.4 percent, from 3 percent in May, as economies from Nigeria to ... Read More

IMF Introduces Zero Interest To Low Income Countries

Henry Solomon- October 7, 2016

IMF/ World Bank 2016 General Meeting in Washington D.C. The International Monetary Fund (IMF), has introduced zero interest rates on all its concessional facilities to ... Read More

I Disagree With IMF, Nigeria’s Economy Will Recover – Aigbokhan

Henry Solomon- July 25, 2016

An economist, Prof. Ben Aigbokhan, has predicted that Nigeria’s economy would recover from depression as soon as possible with the measures being put in place ... Read More

International Monetary Fund Financial Stability Report Recommendations

Arowobusoye Samuel- October 10, 2014

The International Monetary Fund Financial Stability report has recommended that policy makers work should help banks restructure while improving government’s knowledge and oversight to the ... Read More