Rate Hikes Shrinking Real Estate Investments, Says IMF   Tighter financial conditions, such as interest rate hikes have affected commercial property prices by making it more expensive for investors to finance new deals or refinance existing loans, a new report by the International Monetary Fund stated. The...

IMF Pegs Capital Outflows From Nigeria, Other Emerging Markets At $50b The International Monetary Fund (IMF) estimated the volume of capital that has left emerging markets, including Nigeria, following the ongoing interest rate cycle at $50 billion. It linked the flight, which it described as a...

IMF Retains Nigeria’s Growth Prospect At 3.4%   The International Monetary Fund (IMF) has retained projected economic growth of 3.4 per cent for Nigeria in 2022. The Washington-based institution disclosed this on Tuesday in its World Economic Outlook (WEO) for July 2022 entitled, “Gloomy and More Uncertain”. At...

IMF: Despite Economic Growth, Inflation Remains High In Nigeria The International Monetary Fund (IMF) has said that despite the recovery of Nigeria’s economy that resulted in a 3.6 per cent year-on-year Gross Domestic Product (GDP) growth, inflation is still high in the country. The IMF said...

Nigeria Spends 86% Of Revenue On Debt Servicing   Nigeria spent 86 per cent of its revenue on servicing debt in 2021, but South Africa spent only 20 per cent of its receipts on the same purpose. According to the International Monetary Fund’s 2021 Article IV estimates,...

Oil Prices Rebound, Now $107.91/Barrel   Oil prices rebounded on Wednesday as a drop in U.S. oil inventories and concerns over tighter supplies from Russia and Libya drove a recovery from the previous session’s sharp losses. Brent crude LCOc1 futures rose 65 cents, or 0.6%, to $107.90...