'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...
'Nigeria’s Debt Now N87.91trn'
Nigeria’s total public debt rose marginally by 0.61 per cent quarter-on-quarter to N87.91trn in the third quarter of 2023.
This is according to new debt stock data from the Debt Management Office (DMO) released on Wednesday.
According to the data released, total external...
'Nigeria Not Generating Enough Revenue to Support Devt'
Nigeria is not earning enough revenue to support its developmental needs, the International Monetary Fund (IMF) has disclosed.
According to the IMF, the country’s nine per cent revenue to Gross Domestic Product ratio is very low and not...
IMF Prescriptions: A Cautionary Note To President Tinubu, by Muhammad Sagagi
The point being made that the IMF and the World Bank lend ‘critical support’ to countries around the globe is well noted. However, the real issues go beyond ‘lending support’ to countries. More pertinent...
'Naira Under Pressure, Nigeria May Seek Dollar Loan'
The International Monetary Fund (IMF) has said the naira is currently under pressure and Nigeria is free to seek loan from the Fund to stabilise the currency if it considers a good option.
The Washington-based lender however noted...
Inflation: IMF Tasks FG to Protect Citizens from Crisis
The International Monetary Fund has commended the Nigerian government for removing the fuel subsidy but noted that efforts must be made to protect poor citizens from the high cost of living crisis.
Specifically, the Washington-based lender said...
