Prolonged Low Rates Pose $19trn Default Risk Globally - IMF   The International Monetary Fund (IMF), has warned that while low rates are desirable for growth, prolonged periods of low rates, as seen in many advanced countries have negative side effects and unintended consequences. Warning that a...

FG Insists There Are No Plans Of Fuel Subsidy Removal   The Federal Government has given the assurance that there are no plans to remove fuel subsidy now just as queues emerged in filling stations in some parts of the country. The Minister of Finance, Ms Zainab...

IMF Calls On FG To Remove Fuel Subsidy The Managing Director, International Monetary Fund, Christine Lagarde, has called on the Federal Government to remove fuel subsidy, saying it is the right thing to do. Addressing a press conference on Thursday at the on-going joint annual spring...

Senate, others warn FG on Debt Trap The Senate and Nigeria Sovereign Investment Authority (NSIA), have warned the Federal Government against returning the country into the erstwhile debt trap. Neverthelesss, the Senate eventually approved President Muhammadu Buhari’s request for $2.78 billion Eurobond, it reiterated the concerns...

Nigeria, 7 Others in Debt Pain – IMF The International Monetary Fund (IMF) Thursday, listed Nigeria among eight African countries on its debt distressed category following the failure of their fiscal consolidation to positively impact the citizens. Abebe Aemro Selassie, Director of the IMF’s African Department,...

IMF Cuts Global Growth Forecast Over Trump’s Tariff War   An upswing in economic risks due to rising trade tensions and debt levels has prompted the International Monetary Fund(IMF) to cut its forecast for world growth for this year and next. With trade growth set to slow...