Nigeria Exits Recession and Looks Beyond Oil-IMF Nigeria’s economy is picking up according to International Monetary Fund’s (IMF) latest economic review. According to IMF, growth hit 0.8 percent in 2017 after contracting by 1.6 percent in 2016. The report attributes the increase—in part—to the recent...

Label tax evasion, malpractices by Multinationals as foreign corrupt practices, Adeosun tells  World Bank, Others Nigeria’s Minister of Finance, Mrs. Kemi Adeosun, has called for the designation of tax malpractices by Multinational Corporations in Nigeria and other developing countries as ‘foreign corrupt practices’. She made the...

Nigeria Exiting Recession, But Economy Remains Vulnerable- International Monetary Fund The International Monetary Fund(IMF) has said while Nigeria is gradually exiting recession, her economy remains vulnerable, saying that current actions to improve the power sector and business environment under the Economic Recovery and Growth Plan(ERGP)...

The International Monetary Fund has advised the Federal Government to urgently reconsider tax holidays and exemptions given to companies. It specifically urged Nigeria to implement a reform that would see it phase out tax holidays and exemptions eroding the Company Income Tax base. Successive governments...

Nigeria has asked the World Bank Group and the International Monetary Fund (IMF) to scale up the provision of and access to renewable energy in order to deliver development results and meet global climate goals. Nigeria’s position on renewable energy and regional integration was presented...

The International Monetary Fund (IMF) has warned Nigeria and other countries about their rising debt profile, especially of foreign loans. Speaking yesterday at the ongoing World Bank/IMF Annual Meetings in Washington D.C, IMF Director, Monetary and Capital Markets Department Tobias Adrian, lamented that external borrowing...