IMF Cautions As eNaira Transactions Hit N1.4m   The Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva, has cautioned about the unforeseeable “consequences” that could be brought about by the retail central bank digital currencies. Georgieva expressed her concern about retail CBDCs in a May...

NECA Warns FG Against IMF Demand, Rejects Tax Hike   The Nigeria Employers’ Consultative Association (NECA) says the International Monetary Fund (IMF)’s call on the Federal Government to increase taxes in order to reduce borrowing will affect economic growth and worse the country’s plight. The Director General...

World Bank, IMF Others Warn CBN Against Naira Swap Deadline The International Monetary Fund and the World Bank have urged the the Central Bank of Nigeria to extend the currency swap time limit, noting that the short timeframe was causing hardships in the country. The advice...

IMF Predicts Nigeria’s Economic Growth to Hit 3.2% in 2023 The International Monetary Fund says Nigeria’s economy is set to grow from 3.0 per cent in 2022 to 3.2 per cent in 2023 due to measures made to address insecurity in the oil sector. The IMF...

IMF: 15% of Low-Income Countries Suffer From Debt Distress According to the International Monetary Fund, approximately 15 per cent of low-income countries are already in debt distress. In a new report titled ‘Confronting fragmentation where it matters most: Trade, debt, and climate action’, the IMF said...

IMF Calls For Stiffer Crypto Regulations In Africa   Following the recent collapse of FTX and the subsequent ongoing prosecution of its former Chief Executive Officer, Sam Bankman-Fried, the International Monetary Fund has called for increased regulation of crypto markets in Africa. IMF made this call on...