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,...
