IMF Raises It's Forecast For Nigeria's Economic Growth To 3.4%   The International Monetary Fund (IMF) has raised its forecast for Nigeria’s economic growth in 2022 to 3.4 per cent, citing increase in crude oil prices. However, the IMF reduced its projection for global growth to 3.6...

Russia Sanctions Will Have Substantial Impact On Global Economy - IMF   The International Monetary Fund (IMF) has said sanctions on Russia will have a substantial impact on the global economy and financial markets, with significant spillovers to other countries. In IMF Article IV Consultation on...

IMF Cautions Nigeria On Volatile Capital Flows The International Monetary Fund (IMF) warns that countries with large external loans may be vulnerable to financial crises and recessions if capital flows out. In December 2021, Nigeria had an external debt stock of $38.39 billion. The federal...

Russia-Ukraine: Rising Shipping Costs May Worsen Inflation In Nigeria - IMF   The International Monetary Fund has said rising shipping costs as a result of the ongoing war between Russia and Ukraine may worsen inflation in Nigeria, and other nations in the world. The Washington-based lender disclosed...

Our Interventions To Promote Economic Growth Will Continue: CBN to IMF   The Central Bank of Nigeria says it will continue to intervene in development finance to support the growth of the economy. The CBN Governor, Godwin Emefiele disclosed this while reading the communiqué of the first...

IMF: 93% of FG's Revenue In 2022 Will Be Spent On Interest The International Monetary Fund projected that Nigeria might pay 93 percent of its revenue to repay its debts by 2022. The Fund also predicted that by 2026, 139 per cent of the nation's income...