According to the latest country report by the International Monetary Fund (IMF), Nigeria’s foreign reserves are projected to decrease to $24 billion by 2024. This significant...
As part of the efforts to address the fiscal gap in the 2023 budget, Nigeria’s federal government on Saturday disclosed that it had concluded plans to...
The International Monetary Fund has said Nigeria and other countries in the Sub-Saharan African region risk social and political instability and worsening food insecurity because of...
The balance in Nigeria’s Excess Crude Account (ECA) has reduced significantly from the $35.7 million it was as of June 2022 to $376,655.09 as at July...
Surging inflation and severe slowdowns in the United States and China prompted the IMF Tuesday to downgrade its outlook for the global economy this year and...
President Muhammadu Buhari has said though his administration planned to remove fuel subsidy last year, further consultation with stakeholders as well as events which unfolded this...
Fuel queues on Tuesday morning emerged in Lagos with a tailback stretching across some parts of the state. This caused gridlock in major parts of the...
The International Monetary Fund has retained its 2022 growth forecast for Nigeria at 2.7 per cent and increased 2023 projection by 0.1 per cent to 2.7...
The International Monetary Fund (IMF) is proposing a $50 billion trust fund for Nigeria and other low and vulnerable middle-income countries. In a blog post published...
Across the world, policymakers are entering a challenging period of recovery and growth in the wake of the pandemic, with the effects of this most likely...
The International Monetary Fund on Friday said Nigeria’s output would recover to its pre-pandemic level in the next two years. It said this was part of...
Nigeria’s people are getting poorer despite the country’s slow recovery from recession and economic reforms are urgently needed, the International Monetary Fund has said. The Fund...