According to the International Monetary Fund (IMF), global economic growth has been projected to remain unchanged at 3.2 per cent in 2024 and 3.3 per cent in 2025.
Egypt, Nigeria, Morocco Receive 61.2% Remittances in Africa
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The Mo Ibrahim Foundation, an African non-grant foundation, says Egypt, Nigeria, and Morocco receive 61.1 percent of remittances into Africa.
The foundation disclosed this in its 2024 forum report, titled, ‘Financing Africa. Where is the Money?’
Published on June...
The federal government has requested an 18-month extension on the closing date of the World Bank’s $800 million palliative loan in a strategic move to bolster its social safety net programs amidst rising inflation and economic challenges.
Nigeria’s Trade Balance Rises to $1.43bn, IMF Reports
Nigeria’s current account balance has increased to $1.432 billion in 2024 despite the economic downturn ravaging the country, data from the International Monetary Fund’s World Economic Outlook shows.
The IMF data indicates a positive outlook for Nigeria’s economic...
Nigeria’s Economy to Hit $1.85tn by 2029, IMF Predicts
The International Monetary Fund has predicted that Nigeria’s economy will reach $1.85tn by 2029, in Purchasing Power Parity terms.
This forecast suggests a significant growth trajectory for the country’s economy over the next five years.
According to the...
Despite Economic Downturn Nigeria’s Current Trade Balance Rises to $1.43bn
Nigeria’s current account balance has increased to $1.432 billion in 2024 despite the economic downturn ravaging the country, data from the International Monetary Fund’s World Economic Outlook shows.
The IMF data indicates a positive outlook for...
