IMF Seeks Unified Exchange Rate For Naira         The International Monetary Fund (IMF) has urged the Central Bank of Nigeria (CBN) to get the country a unified exchange rate for the naira. It remained stable at N378 to dollar on the CBN’s official rate. The naira was on...

IMF Projects 10.4% Contraction In Global Trade         The International Monetary Fund (IMF) has projected a 10.4 per cent contraction in global trade as well as a global economic growth rate of -4.4 per cent in 2020. In the just-released biannual World Economic Outlook (WEO) report, the...

Protests: IMF May Review Nigeria’s Growth Projection         The International Monetary Fund has said it may review Nigeria’s growth projection if the ongoing protests in the country persist, in view of the impact of the economy. Director, African Department, International Monetary Fund, Abebe Selassie, said this while...

Manufacturing Declines As 2.27% GDP Growth Surpasses IMF Projection   The National Bureau of Statistics on Monday released the Gross Domestic Product report for the 2019 fiscal year with the economy growing by 2.27 per cent in 2019. The annual GDP growth rate of 2.27 per cent,...

IMF Concerned Over Rise In Trade Uncertainty In Nigeria   The International Monetary Fund has expressed concern over the rise in trade uncertainty in Nigeria and many other economies amid the escalating trade tensions between the United States and China. The IMF said on Monday that rising...

IMF Raises Nigeria’s Growth Forecast To 2.3 Per Cent   The International Monetary Fund on Tuesday raised the growth forecast of Nigeria’s economy for the 2019 financial year by 0.3 per cent to 2.3 per cent. It disclosed this in its July update on the World Economic...