Nigeria Has Final Say On Petrol Subsidy Removal - IMF   The International Monetary Fund (IMF) has said Nigeria’s plan on whether to remove petrol subsidy or not remains a political and domestic decision for the country’s leadership. Speaking at the Sub-Saharan Africa Regional Economic Outlook press...

Poor Vaccination, Policy’ll Slow Economic Recovery In Nigeria – IMF   The International Monetary Fund says slow vaccine rollout and stark differences in policy space are the leading reasons why economic recovery in Nigeria and other sub-Saharan African countries will be the slowest in the world. The...

Protests: IMF May Review Nigeria’s Growth Projection         The International Monetary Fund has said it may review Nigeria’s growth projection if the ongoing protests in the country persist, in view of the impact of the economy. Director, African Department, International Monetary Fund, Abebe Selassie, said this while...

Nigeria, Other African Oil Exporters’ll Lose $34bn – IMF   The impact of the COVID-19 pandemic is estimated to cost Nigeria and other oil exporters in Africa a total of about $34bn in revenue. According to the International Monetary Fund, the projected decline in revenue is attributable...

Says Eurobonds shouldn’t be main source of financing In order to effectively absorb the impact of their slowest growth in more than two decades, Nigeria and other African exporters of oil and commodities should remove subsidies and boost taxes, the International Monetary Fund (IMF) said...