The International Monetary Fund (IMF) has said that Nigeria continues to engage with the global debt market despite challenges posed by high borrowing costs.  

IMF Says Insecurity Will Slow Nigeria’s Economic Growth   The International Monetary Fund (IMF) has projected that Nigeria’s economic growth will decline in 2023 and 2024 due to security issues in the oil sector. It stated that the country’s economy would grow at 3.2 per cent in...

Report Revealed Debt Servicing Rose To N1.24trn In Q1, 2023   Nigeria’s debt servicing cost has increased by 55.71 per cent to N1.24tn in three months. According to data obtained from the Debt Management Office, between October and December 2022, Nigeria spent N406.77bn on domestic debt...

Only 24% Of CBN Anchor Borrowers’ Loans Repaid, Says IMF   The International Monetary Fund (IMF) has disclosed that only 24 per cent of loans dirbursed under the Anchor Borrowers’ Programme of the Central Bank of Nigeria have been repaid. This disclosure was contained in the IMF’s...

IMF Says Nigeria’s Economic Growth May Shrink To 2.9%   Nigeria’s economic growth is predicted to shrink by 0.3 percentage points from 3.2 per cent in 2023 to 2.9 per cent in 2024, according to the International Monetary Fund (IMF). This is as the global money lender...

IMF Says One-third Of World Economy Will Enter Recession   The International Monetary Fund (IMF) has warned of an impending recession that will hit one-third of the world in 2023. The Managing Director, IMF, Kristalina Georgieva, disclosed this during an interview with CBS, an American broadcast television...