imf
IMF Lowers Nigeria’s 2024 Growth Projection to 2.9%, Cites Inflation
Despite Nigeria’s inflation challenges, the IMF projects that the country’s inflation rate will stabilize at 25% by 2025, with further reductions expected to reach 14% by 2029.
Abuja, Nigeria – The International Monetary Fund (IMF) has downgraded Nigeria’s growth forecast … Continue Reading
IMF Urges Nigerian Government to End Electricity Subsidies
The International Monetary Fund (IMF) has issued a stern warning to the Nigerian government, urging it to eliminate what it termed implicit fuel and electricity subsidies.
In a recent report, the IMF highlighted that these subsidies would … Continue Reading
IMF Urges Nigeria to Regulate Cryptocurrency Trading Platforms
In its latest staff report released on Thursday, the International Monetary Fund (IMF) has advised Nigeria to implement regulations requiring global cryptocurrency trading platforms to register or obtain licenses to operate within the country. This recommendation comes after … Continue Reading
IMF Approves Immediate Disbursement of $820 Million to Egypt as Economic Aid
The International Monetary Fund (IMF) announced on Friday the immediate disbursement of $820 million to the Egyptian government. This disbursement is part of an augmented plan aimed at providing vital support to the nation’s economic recovery efforts.
The IMF’s Executive … Continue Reading
Nigeria May Be In Worst Recession in 30 Years – IMF
The International Monetary Fund (IMF) has projected that Nigeria’s economy will drop by 3.4% in 2020 as a result of the COVID-19 pandemic that has affected global supply chains.
The International Monetary Fund on Tuesday said that Nigeria could be … Continue Reading