IMF Wants More Autonomy For CBN, Says Nigeria Should Determine FX Policy     The International Monetary Fund (IMF) has said Nigeria does not need any external influence in the choice of her foreign exchange policy. Speaking in Abuja at an interactive panel on Monetary Policy Management in...

Inflation: Nigeria, Others Risk Political Instability - IMF The International Monetary Fund has said Nigeria and other countries in the Sub-Saharan African region risk social and political instability and worsening food insecurity because of rising inflation. According to the IMF, inflation has nearly doubled pre-pandemic levels...

IMF, World Bank to Assess Nigeria’s Debt Sustainability The President of the World Bank Group, David Malpass, has said that the bank will work with the International Monetary Fund to assess Nigeria’s debt sustainability. Malpass said this during the 2022 annual meetings opening press conference in...

Budget Deficit: IMF Urges FG to Increase Tax In order to meet its budgetary deficit obligations, the International Monetary Fund (IMF) has advised the Federal Government to increase domestic revenue through taxation. The IMF made the appeal in its briefings at the launch of the Global...

IMF Lowers Nigeria’s Economic Growth Projection To 3.2%   The International Monetary Fund (IMF) has lowered Nigeria’s 2022 economic growth projection to 3.2 per cent. This is 0.2 percentage points lower than the 3.4 percent projected in its July 2022 report. The Washington-based institution disclosed this on Tuesday...

IMF: Import Dependence Worsening Food Crisis in Nigeria The International Monetary Fund has said that the food crisis currently ravaging Nigeria and other Sub-Saharan Countries has been exacerbated by over-reliance on imported foods. In a new report titled, “Africa Food Prices Are Soaring Amid High Import...