Today's News Highlights Include
The International Monetary Fund (IMF) has advised the Nigeria government to remove fuel subsidy and direct the money to the provision of social amenities for the country. Christine Lagarde, Managing Director of IMF, gave the advice during a press conference at the ongoing joint annual spring...
Today's News Highglight Include;
EXCLUSIVE: Documents show Atiku paid $30,000 to US firm to ‘unseat Buhari’ - The Cable
Remove fuel subsidy, IMF...
The International Monetary Fund (IMF) has expressed concern over Nigeria’s ability to service its external loans estimated at over $18.9billion, given its mono-product economy status and low revenue base.
Read more via The Guardian Nigeria Newspaper – Nigeria...
The Central Bank of Nigeria (CBN) is relishing the success of its monetary policy, especially regarding the foreign exchange, as the efforts have been finally acknowledged by the international financial community.
The International Monetary …
Read more via The Guardian Nigeria Newspaper –...
Despite Nigeria’s exit from recession, its economic situation remains challenging and policy implementation needs to move quickly and comprehensively, if the country is to reap its long-term potential, the International Monetary Fund (IMF) has said. The IMF, which stated this in its latest...
Nigeria’s people are getting poorer despite the country’s slow recovery from recession, and economic reforms are urgently needed, the International Monetary Fund (IMF) said in a report seen by Reuters on Wednesday. The Fund expects the government to “muddle through” in the medium term, and any …...
The Nigerian naira has been the major talk of the town as the currency gained heavily within a week after losing over 100 per cent in 2016.
In an intriguing article on The Guardian Newspaper dated 26 February 2017 and titled: “Saving The Naira, The Soludo Option”, the writer, Dan Agbese...
charles soludo approach to naira
Nigeria's Finance Minister, Kemi Adeosun, has ruled out FG borrowing money from the IMF to improve the country's economy.
Speaking on CNBC, Adeosun said it is a last resort.
“For us the IMF is really a lender of last resort when you have balance of payments problem. Nigeria doesn’t have...
The Federal Government has said it will not apply for International Monetary Fund loan.
Minister of finance, Kemi Adeosun stated this in an interview with CNBC.
She said: “For us the IMF is really a lender of last resort when you have balance of payments problem. Nigeria doesn’t have balance...
nigeria not to borrow from imf
The International Monetary Fund, IMF, has projected that Nigeria's economy will recover from recession in 2017.
IMF's latest World Economic Outlook (WEO) says Nigeria Gross Domestic Product (GDP) will grow by 0.8 percent in 2017 and 2.3 percent in 2018, buoyed by increased crude oil production...
Central Bank of Nigeria's efforts to save the naira against other foreign exchange has crumbled, the International Monetary Fund (IMF) has said.
The IMF also said the challenges around foreign exchange in Nigeria have pushed inflation to double digits in Africa’s largest economy.
In its policy...
international monetary fund
The international monetary fund, IMF, has offered a zero interest loan to Nigeria and other nations with economic woes in a bid to help them out of their economic quagmire.
"Despite signs of recovery and resilience in some economies, global growth continues to disappoint, with the expected...
The International Monetary Fund, IMF, has raised alarm about Nigeria's debt profile and the negative effects its harsh economy will have on surrounding countries.
Catherine Pattillo, the Assistant Director and Head of Fiscal Policy and Surveillance Division of IMF expressed worry over...
The International Monetary Fund has predicted that the Nigerian economy will move out of recession and grow by 0.6% in 2017.
Nigeria’s real Gross Domestic Product is expected to increase marginally by 0.6% with Consumer Prices rising by 17.1%, according to IMF’s World Economic Outlook report...
gross domestic product