IMF May Approve Nigeria’s $3.4bn Loan Today   There are indications that the Executive Board of the International Monetary Fund may approve the $3.4bn loan sought by Nigeria on Tuesday (today). Although the Minister of Finance, Budget and National Planning, Zainab Ahmed, had on April 6, while...

Osinbajo, IMF, World Bank Meet On Economic Stimulus   Vice President Yemi Osinbajo on Tuesday in Abuja held an online meeting with representatives of the International Monetary Fund (IMF) and the World Bank. The meeting, anchored via videoconferencing from the Presidential Villa, deliberated on how the agencies...

World Bank, IMF, Others Suspend Debt Service   Four global multilateral institutions – World Bank, International Monetary Fund, G20 and Paris Club – yesterday agreed to a time-bound debt service payment suspension for world’s poorest economies that request forbearance. IMF Managing Director, Kristalina Georgieva, who broke the...

Nigeria, Others Need $114bn To Fight COVID-19 - IMF     Nigeria and other African countries need an estimated $114bn to fund the campaign against the outbreak of the coronavirus disease on the continent. This was disclosed in a statement posted on the website of the International Monetary...

COVID-19: Nigeria, South Africa, Others Lose $4.2bn, IMF Says   The COVID-19 pandemic has resulted in the largest capital outflow from sub-Saharan Africa with over $4.2bn leaving the region from the end of February. The International Monetary Fund disclosed this in its latest Regional Economic Outlook for...

Nigeria’s Economy Will Decline By 3.4% - IMF     The International Monetary Fund on Tuesday said the recession caused by the COVID-19 pandemic would be the worst economic downturn witnessed since the Great Depression. According to the IMF, Nigeria’s economy will contract by 3.4 per cent in...