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...
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...
