IMF, World Bank and Nigeria's Huge Debt By Wale Odunsi The 2024 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) took place from October 21 to October 26 in Washington, D.C., the United States capital. As usual, it was a...

Inflation Will Remain Substantially Higher in Nigeria, Other Oil Exporting Countries in 2025 - IMF   The International Monetary Fund (IMF) has projected that with further policy adjustments expected, median inflation will decline slightly in Nigeria, Angola and Ghana, but noted that headline inflation will remain...

IMF Reveals Factor Hindering Nigeria’s Socioeconomic Development The International Monetary Fund (IMF) has said that Nigeria allocates the majority of its revenue to debt servicing, leaving limited funds for critical development projects. Speaking during the Fiscal Monitor press briefing at the ongoing IMF/World Bank Annual Meetings...

Global Economic Growth Impeded by High Debt, IMF Cautions The Head of the International Monetary Fund (IMF) cautioned on Thursday that high debt and low growth remained major impediments to the global economy. IMF Managing Director Kristalina Georgieva told CNBC that while notable progress had been...

IMF Slashes Borrowing Cost by 36% The International Monetary Fund (IMF) said it will slash interest on loans of members by 36 per cent to enable members save up to $1.2bn annually. Nigeria has an outstanding balance of $2bn with the IMF, according to the Debt...

Stakeholders Demand Better Security as Banks Lose N42.6bn to Fraud   Cybersecurity experts have stated that Nigerian banks must bridge the widening technology adoption gaps and closely track insider threats after losing N42.6bn to fraud between April and June 2024. The Financial Institutions Training Centre revealed the...