The International Monetary Fund (IMF) has predicted that inflation in Nigeria would remain high at two-digit levels in 2018. The IMF said this would reflect the persistent effects of past inflationary shocks coming from sharp currency depreciations as well as higher electricity and fuel prices...

The International Monetary Fund (IMF) says 66 percent of Nigeria’s tax revenues is spent on servicing debts, calling on the country to raise taxes. Speaking at the IMF Fiscal Monitor briefing in Washington, Vitor Gaspar, director of the fund’s Fiscal Affairs department, said he is...

The International Monetary Fund (IMF) has released its World Economic Outlook (WEO) in which it advised Nigeria to adopt flexible foreign exchange (FOREX) regime to restore values of revenues and the naira. Speaking at a media briefing to unveil the report at the ongoing IMF/World...

Central Bank of Nigeria, CBN, has reaffirm its determination to sustain the resurgence of the Naira via continuous provision of foreign exchange to ensure Naira gains further strength as well as been available to end users. This is as the apex bank reiterated that...

With the complexity of global security threats and the intensity of intra-state conflicts in the West African region, it has become imperative for the regional governments to devise holistic approach to security management. While violent conflicts are reportedly declining in the sub-region, a recent report...

The country’s external reserves fell to a two-week low and the naira eased on the black market on Friday after the Central Bank of Nigeria pledged to step up dollar sales. This came just as the CBN said it would announce a new exchange rate...