Nigeria's Move to Restoring Macroeconomic Stability Appropriate – IMF The International Monetary Fund has said stalled per-capita growth, poverty and high food insecurity have exacerbated the ongoing cost-of-living crisis in Nigeria. The report came amid rising inflation, exchange crisis, weak economic growth and business shutdowns. The global...

Nigeria’s Inflation Rate to Drop to 15.5% in 2025, IMF Forecasts The International Monetary Fund (IMF) has foreseen a decline in Nigeria’s inflation rate to 23 percent in 2024 and 15.5 percent in 2025. Daniel Leigh, IMF’s Division Chief of Research Department, hinted on this...

High inflation, Reforms Create Hardships in Nigeria - IMF The International Monetary Fund has disclosed that high inflation is creating hardships in Nigeria. The Division Chief, Research Department, Daniel Leigh, revealed this at the fund’s press briefing for its January 2024 World Economic Outlook Update. Leigh...

IMF Foresees Weaker Economic Growth For Nigeria   The International Monetary Fund (IMF) has downgraded Nigeria’s economic growth projections for 2024 to 3.0 per cent from 3.1 per cent in its October forecast. It disclosed this in its ‘World Economic Outlook Update, January 2024.’ In a table,...

IMF Downgrades Nigeria’s Economic Growth by 0.1% The International Monetary Fund (IMF) has downgraded Nigeria’s economic growth projections for 2024 to 3.0 per cent from 3.1 per cent in its October forecast. This was disclosed in its ‘World Economic Outlook Update, January 2024,’ released on Tuesday....

'Nigeria Borrows $1.7bn to Boost FX Inflows'   Nigeria got $1.71bn in foreign loans to boost foreign exchange inflow into the country in the first nine months of 2023. Total capital importation including Foreign Direct Investment, Foreign Portfolio Investment, and others amounted to $2.82bn in the time...