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international monetary fund

  1. Nigeria World News

    World IMF seeks to remove age limit for Managing Director position – Premium Times Nigeria

    The Executive Board of the International Monetary Fund (IMF) on Wednesday submitted a recommendation to its Board of Governors to consider removing the age limit for the Managing Director’s position. Since 1951, the IMF’s by-laws prohibited the appointment of a candidate aged 65 or above as...
  2. Nigeria Business News

    Business CBN, IMF, experts disagree on multiple rates’ claims – The Guardian Nigeria News

    The officials of the Central Bank of Nigeria (CBN), the International Monetary Fund (IMF) and financial experts, in Lagos, yesterday, differed on the controversial issue of multiple exchange rates and its implications for the economy. The Senior … Read more via The Guardian Nigeria News –...
  3. Nigeria World News

    World Kenya Commits to New IMF Terms and Has Credit Facility Restored – AllAfrica News: Kenya

    Kenya is on course to renewing its $1.5 billion standby credit facility with the International Monetary Fund after signing a deal with selected banks to release close to Ksh1 trillion ($10 billion) in loans to the private sector despite the prevailing rate caps. This … Read more via AllAfrica...
  4. J

    Business Remove fuel subsidy, IMF tells Nigeria - PUNCH NEWSPAPER

    The Managing Director, International Monetary Fund, Christine Lagarde, has called on the Federal Government to remove fuel subsidy, saying it is the right thing to do. Addressing a press conference on Thursday at the on-going joint annual spring meetings with the World Bank in Washington DC...
  5. Nigeria Business News

    Business Stop taking loans from China, IMF cautions Nigeria, others – Vanguard News

    Washington DC – The International Monetary Fund (IMF) has cautioned Nigeria and other developing countries from taking loans from China due to unfavourable loan conditions. Christine Lagarde, IMF President and Zainab Ahmed, Minister of Finance Mr Tobias Adrian said this on Wednesday during the...
  6. Nigeria Business News

    Business Banks risk $350bn loss to cyber-attacks — IMF – Vanguard News Nigeria

    THE International Monetary Fund said that the global banking system could lose about $350 billion to cyber-attacks. IMF Managing Director, Christine Lagarde disclosed this while making the call for better regulation of the banking system as a requirement for building a safer, more … Read...
  7. Nigeria Business News

    Business IMF ON TAX IN NIGERIA: Expand tax net rather than tax rate, MAN, LCCI, other stakeholders tell FG – Vanguard News

    Manufacturers Association of Nigeria, MAN, Lagos Chamber of Commerce & Industry, LCCI, and other stakeholders in the private sector have called on the Federal Government to expand tax net and jettison any advice to increase Value Added Tax, … Read more via Vanguard News –...
  8. Nigeria Business News

    Business Again, IMF Urges Nigeria To Review Tax Policies – Leadership Newspaper

    The International Monetary Fund, IMF, yesterday urged Nigeria to urgently review the country’s tax policies by widening the tax base and increasing compliance on Value Added Tax, VAT. Speaking at a panel session on ‘Leveraging Dom Amine Mati estic Resource Mobilisation for Sustainable...
  9. stato

    World IMF pledges support to Kenya as $990mn standby deal expires – Premium Times Nigeria

    The International Monetary Fund (IMF) said on Friday it would continue to support its reform efforts in Kenya although a stand-by $989.8 million loan deal to the country had expired. IMF representative Jan Mikkelsen said in Nairobi that the support was because Kenya’s external position …...
  10. curator

    Business RMB revises growth outlook for Nigeria upward – BusinessDay

    Prospects for the country has remained positive for the 2019 fiscal year, as analysts and economists continue to revise outlook for the country upwards. In July, the International Monetary Fund (IMF) upgraded its growth rate forecast … Read more via BusinessDay : News you can trust –...
  11. siteadmin

    IMF slams FG, says Nigeria can’t repay loans – The Sun News

    Apparently worried by the Federal Government’s refusal to heed its advice on loan sustainability, the International Monetary Fund (IMF), yesterday doubted Nigeria’s capacity to repay its rising debt stock. The Fund’s anxiety over Nigeria’s loan repayment ability may have been triggered by...
  12. curator

    Business IMF Foresees Slow Economic Growth For Nigeria, South Africa – Channels Television

    The International Monetary Fund (IMF) has warned that slow growth in Nigeria and South Africa, two largest economies in Africa, is weighing heavily on prospects for the sub-Saharan region. This was made known by the Director of the IMF’s African Department, Abebe Aemro Selassie, in its latest …...
  13. Samguine

    Business IMF proffers options to sustain Nigeria’s economic recovery - Premium Times

    The International Monetary Fund on Wednesday proffered options to sustain Nigeria’s economic recovery, warning that despite exiting recession recently, the country’s economy remained vulnerable to shocks. After contracting for five consecutive quarters since January 2016, the National Bureau of...
  14. RemmyAlex

    Business IMF 'Pleasantly Surprised' Investors Still Interested in Nigerian Market

    The International Monetary Fund (IMF) was 'pleasantly surprised' on Wednesday that Nigeria still remained a destination for investors. The Senior Financial Sector Expert, Debt and Capital Market Instruments Division, Monetary and Capital Markets Department, IMF, Miriam Tamene, said this in a...
  15. RemmyAlex

    Business Buhari Told Us To Shift Focus To Northern Nigeria, and It Has Been Difficult For Us – World Bank

    The President of the World Bank Group, Jim Yong Kim, said on Thursday that the bank had concentrated on the northern region of Nigeria in line with President Muhammadu Buhari’s request. Kim and the Managing Director, International Monetary Fund, Christine Lagarde, who spoke at separate press...
  16. RemmyAlex

    Business Nigeria's Economy to Grow By 2.2% This Year

    Nigerian economy is expected to grow 2.2 percent this year, the government said in a strategy document after the country suffered its first recession in more than two decades in 2016. The 2018-2020 Medium Term Fiscal Framework and Strategy Paper, seen by Reuters is to form the basis for its...
  17. Jules

    Business Nigerian Govt Should Increase Fuel Price,Tax To Conquer Recession - IMF

    The International Monetary Fund (IMF) has outlined certain steps the Nigerian government to take in a bid to tackle recession. Daily Post reports that the IMF has just concluded its Article IV consultation with Nigeria. The organization commended the recovery plan of the Buhari...
  18. RemmyAlex

    Business CBN's Efforts To Save Naira Have Crumbled – IMF

    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...
  19. Lequte

    Business IMF Reacts to Nigeria's New Foreign Exchange Policy

    The International Monetary Fund, IMF, has welcomed the decision by the Central Bank of Nigeria to abandon its currency peg and adopt a flexible exchange rate policy. According to IMF spokesman Gerry Rice, the move was important to reduce fiscal and external imbalances in Nigeria's economy. "I...
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