CBN, Other Financial Institutions Harp On Economic Reforms   The Central Bank of Nigeria (CBN), International Monetary Fund (IMF), and Financial Market Dealers Association (FMDA), were unanimous in calling for a rule-based financial system, compliance and support for the nation’s economy to ensure overall stability. CBN Governor,...

IMF Increases Nigeria’s 2019 Growth Forecast To 2.3%   The International Monetary Fund (IMF) has increased Nigeria’s Gross Domestic Product (GDP) projection for 2019 to 2.3 per cent, up from the 1.9 per cent it had predicted for the country previously. The fund stated this in its...

IMF Not Troubled About Nigeria’s Debt - Adeosun   The Minister of Finance, Mrs. Kemi Adeosun, has said that the International Monetary Fund is not troubled about Nigeria’s debt profile. Adeosun said that the country had enough capacity to repay its debt obligations estimated at N21.7tn. She explained...

World Bank Meeting: Adeosun, Emefiele Join Experts At IMF   The Minister of Finance, Mrs Kemi Adeosun and Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, left Nigeria for Washington DC on Sunday to join other economic experts from around the world to discuss issues affecting...

CBN Must contain Rising Banking Sector Risks, Says IMF …seeks More Ambitious Tax Reforms, Increase In Excise Duties The International Monetary Fund on Wednesday called on the Central Bank of Nigeria to contain rising banking risks in the country, while also commending the regulator for its...

IMF: Worsening Unemployment,Slow Growth, High Inflation, Becoming Worrisome   IMF EXECUTIVE Board of the International Monetary Fund (IMF) has expressed worry over sluggish growth in Nigeria’s non-oil sector, stubborn inflation and worsening unemployment. In their report on Article IV consultation, which ended on March 5, the Fund’s...