IMF Warns Nigeria, Fuel Subsidy May Hit N6trn In 2022 The International Monetary Fund (IMF) has warned that the total expenditure on subsidy might hit a record N6 trillion by the end of the year with Nigeria’s fuel subsidy payout averaging N500 billion per month. According...

IMF Proposes $650bn Special Drawing Rights To Members — Kristalina Georgieva       The International Monetary Fund (IMF) is to propose a $650 billion Special Drawing Rights (SDR) to its member countries in the organisation’s efforts to boost their reserve positions. The Managing Director (MD) of the IMF,...