Nigeria Receives IMF's $3.4bn Emergency Loan     Nigeria has reportedly received the $3.4bn emergency financial assistance from the International Monetary Fund. The Federal Government said it will use the funds, which was approved under the Rapid Financing Instrument by the Executive Board of the IMF on April...

IMF Predicts $11.4bn Drop In Nigeria’s Portfolio Investment   The International Monetary Fund (IMF) has projected that Nigeria’s portfolio investment may decline by at least $11.4 billion this financial year, as the coronavirus disease continues to take huge toll on the nation’s economy. In the report, the...

Nigerians’ll Pay Higher Electricity Tariffs, FG Promises IMF     Nigerians will pay much higher tariff for power in 2021, going by promises made by the Federal Government to the International Monetary Fund while seeking the $3.4bn emergency financial assistance recently approved for Nigeria. The Executive Board of...

$3.4bn Support: IMF To Conduct Due Diligence On CBN   Indications have emerged that the International Monetary Fund is to conduct a due diligence exercise on the Central Bank of Nigeria as part of a fresh ‘safeguards assessment’. The new safeguards assessment is a fallout of the...

COVID-19: Nigeria’s Oil, Gas Exports To Fall By $26.5bn - IMF     The International Monetary Fund has said Nigeria’s oil and gas exports are expected to fall by at least $26.5bn this year as a result of the coronavirus-induced sharp drop in prices and demand. The IMF,...

COVID-19: IMF Okays $3.4bn Emergency Loan For Nigeria   The Executive Board of the International Monetary Fund on Tuesday approved $3.4bn in emergency financial assistance to the Federal Government in addressing the severe economic impact of the COVID-19 pandemic. The financial assistance, approved under the Rapid Financing...