IMF Says Nigeria, Others May Lose $10bn To Political Tensions   The International Monetary Fund (IMF) has said Nigeria could lose an estimated $10bn of foreign direct investment and official development assistance inflows to geo-political tensions. The IMF in its country focus on Sub-Saharan Africa, released on...

Nigeria Has Final Say On Petrol Subsidy Removal - IMF   The International Monetary Fund (IMF) has said Nigeria’s plan on whether to remove petrol subsidy or not remains a political and domestic decision for the country’s leadership. Speaking at the Sub-Saharan Africa Regional Economic Outlook press...

IMF, World Bank Request Rich Nations to Fill $1.6bn Concessional Lending Gap   International Monetary Fund (IMF) and World Bank have appealed to wealthier countries to help plug a $1.6 billion gap in a concessional loan disbursed to low-income countries during the rampaging COVID-19 pandemic. The call was amplified...

IMF Says Nigeria’s Economic Growth Will Drop To 3%   The International Monetary Fund (IMF) has predicted that Nigeria’s economic growth will fall from 3.2 per cent in 2023 to 3.0 per cent in 2024. This is as it retained Nigeria’s 3.2 per cent economic growth projection...

IMF To CBN: Maintain Tight Monetary Policy To Curb Inflation   The International Monetary Fund (IMF), yesterday, advised the Central Bank of Nigeria (CBN) to maintain its monetary policy-tightening mood in order to cage inflation, which jumped to 21.91 per cent as of February. The Washington-based institution,...

FG Projects 82% Of Revenue For Debt Servicing – IMF The International Monetary Fund (IMF) says the Federal Government has projected to spend 82 per cent of its revenue on interest payments in 2023. According to the IMF, external debt (including that of the private sector)...