World Bank Forecasts 3.6% Economic Growth for Nigeria   The World Bank has projected that Nigeria’s economy will grow by 3.6 per cent in 2025, building on an estimated expansion of 3.4 per cent in 2024, as key macroeconomic reforms begin to stabilise the business environment. The...

Global Economic Growth Impeded by High Debt, IMF Cautions The Head of the International Monetary Fund (IMF) cautioned on Thursday that high debt and low growth remained major impediments to the global economy. IMF Managing Director Kristalina Georgieva told CNBC that while notable progress had been...

IMF Slashes Borrowing Cost by 36% The International Monetary Fund (IMF) said it will slash interest on loans of members by 36 per cent to enable members save up to $1.2bn annually. Nigeria has an outstanding balance of $2bn with the IMF, according to the Debt...

IMF Cautions As eNaira Transactions Hit N1.4m   The Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva, has cautioned about the unforeseeable “consequences” that could be brought about by the retail central bank digital currencies. Georgieva expressed her concern about retail CBDCs in a May...

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...

IMF: Inflation Pushing Nigeria, Others to the Brink The International Monetary Fund has warned that inflation, debt, and forex crisis is pushing the Nigerian economy and other African economies to the brink. The Managing Director of the IMF, Kristalina Georgieva, said ministers of finance and central...