264m In Nigeria, Others Undernourished - IMF   The International Monetary Fund on Tuesday said the COVID-19 pandemic had led to a 20 per cent increase in the number of undernourished persons in Nigeria and other Sub-Saharan African countries to 264 million in 2020. The Deputy Managing...

IMF Cautions As Crypto Market Value Surpasses N820trn         Financial experts with the International Monetary Fund (IMF) have called for caution and regulation as the total market value of all the crypto assets surpassed $2 trillion (N820 trillion) – a 10-fold increase since early 2020. The experts,...

Nigeria Entitled To $3.35bn In Fresh IMF Rights Allocation       The Managing Director of the International Monetary Fund, Ms Kristalina Georgieva, has said that the organisation begun allocating Special Drawing Rights of about $650bn on Monday. This was contained in a press statement on the IMF website...

IMF Revises Nigeria’s 2021 GDP Forecasts To 1.5%       The International Monetary Fund (IMF) in its World Economic Outlook (WEO) update released yesterday has projected that the Nigerian economy will grow by 1.5 per cent this year, slightly lower than the 1.7 per cent it had...

IMF Rates Nigeria’s GDP As Best In Africa         Using the Gross Domestic Product (GDP) as yardstick, the International Monetary Fund (IMF) has rated Nigeria as the best economy in Africa. In its 2020 World Economic Outlook, the IMF also ranked Nigeria as one of the world’s...

Forex Interventions Give False Hope On Naira - IMF         Regular foreign exchange (forex) interventions in Nigeria and other emerging economies create false sense of security and hope on the local currency, the International Monetary Fund (IMF), has warned. Nigeria, which operates a flexible exchange rate regime,...