Fed Govt Needs $100bn Investment In Roads – IMF     The International Monetary Fund has said Nigeria needs to invest $100bn in its road network to improve accessibility to all regions. The IMF stated this in its report, titled ‘Nigeria: Technical assistance report – additional spending toward...

Nigeria Needs To Spend 18% GDP On Infrastructure, Says IMF     The International Monetary Fund has estimated additional spending of 18 percentage points of Gross Domestic Product by 2030 for Nigeria to achieve Sustainable Development Goals. It stated this in its report on, “Technical assistance report––additional spending...

IMF Projects Lower Per Capita Income By Year-end Globally   With the recent global economic crisis caused by the Coronavirus (COVID-19) pandemic, the International Monetary Fund (IMF) has warned that 90 per cent of the world will be worse off with lower per capita income by...

IMF Advises Banks To Suspend Dividend Payment     The International Monetary Fund has advised commercial banks to retain their earnings by suspending payment of shareholders’ dividends during the COVID-19 pandemic. The IMF Managing Director, Kristalina Georgieva, made the call in an opinion article entitled ‘Halt bank dividends...

Global Fiscal Support To Fight COVID-19 Pandemic Hits $9trn - IMF   The global governments support for the war against COVID-19 now stands at a about $9 trillion, $1 trillion more than the figure it released just over a month ago, the International Monetary Fund (IMF)...

Nigeria, Others To Lose $200bn In 2020 - IMF     Nigeria and other countries in sub-Saharan Africa will lose about $200bn in incomes by the end of 2020, according to the International Monetary Fund. The development is as a result of the COVID-19 pandemic, which is pulling...