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IMF News

Nigeria Trails Behind as Smaller African Economies Lead IMF Growth Rankings

The International Monetary Fund (IMF) has confirmed that Nigeria is not among Africa’s fastest-growing economies in its latest economic projections, as several smaller nations continue to record stronger growth trajectories across the continent. According to the IMF’s 2025 Article IV Consultation Report

October 17, 2025

Africa

Zambia Secures Further $184m from IMF As Economic Reforms Show Progress

Zambia has obtained US$184 million from the International Monetary Fund (IMF), after the Fund’s Executive Board completed the fifth review under its 38‑month Extended Credit Facility (ECF) arrangement. This latest tranche brings total disbursements since August 2022 to around US$1.55 billion. The ECF is

July 26, 2025

Opinion

IMF Warning: What Nigeria Must Do To Take Control Of Its Economy

The International Monetary Fund (IMF) has warned Nigeria, stating that the country must remain vigilant amid mounting global trade tensions and tightening financial conditions. It was issued on April 22, 2025, during the Global Financial Stability Report press briefing at the IMF/World

May 8, 2025

IMF Sympathises With Victims Of Kenya Anti-tax Protest

Business·News

IMF Warns Global Debt Crisis Could Threaten Nigeria’s Economic Stability

IMF’s 2024 Economic Outlook Highlights Global Debt Crisis The International Monetary Fund (IMF) is preparing to release its 2024 economic outlook, bringing attention to the global debt crisis and its potential consequences for both advanced and emerging economies, including Nigeria. The

October 22, 2024

World News

IMF Sympathises With Victims Of Kenya Anti-tax Protest

The International Monetary Fund (IMF) has expressed deep sympathy for the victims of the recent protests in Kenya, which erupted in response to the country’s 2024 Finance Bill that proposed significant tax hikes. Prime Business Africa reports that the protests, which lasted

July 12, 2024

Business·FEATURES·Finance & Economy·News

Nigeria To Repay $30bn For $2.5bn IMF Loan – See Why And How

As Nigeria secures $2.5 billion loan from the International Monetary Fund (IMF) to meet its financial needs, there are concerns that the country might end up repaying the loan with as much as $30 billion. Prime Business Africa reports that the Minister

July 10, 2024

Petrol Landing Cost Price Now At N1,117/litre, MEMAN Reveals

Business·News·Oil & Gas

Petrol Importation Cost Rise By 31.4% Amid Reduced Consumption In Nigeria

Nigeria’s spending on petrol importation has increased, despite a substantial drop in the country’s consumption rate. Reports from the Nigeria Bureau of Statistics (NBS) reveal that N2.63 trillion was spent on importing Premium Motor Spirit (PMS) in the first quarter of 2024.

June 13, 2024

Business·News

Why Nigerian Govt Need Supplementary Budget To Pay minimum wage- IMF

Negotiations over the minimum wage for Nigerian workers may prompt the Federal Government to consider a supplementary budget to accommodate potential increases, as reported by the International Monetary Fund (IMF). The IMF’s latest staff country report for Nigeria highlighted the possibility of

May 14, 2024

Business·News

IMF Urges Nigeria To Stop Electricity Subsidy Amid Economic Concerns

The International Monetary Fund (IMF) has reiterated its call for Nigeria to eliminate implicit fuel and electricity subsidies, warning of dire economic consequences if not addressed promptly. In a report, the IMF emphasized the need for fiscal responsibility and the creation of

May 13, 2024

Finance & Economy·News

Nigeria’s Current Economic Stress May Linger For 3 Years – Moghalu

As Nigerians grapple with the current economic hardship caused by high inflation and foreign exchange (Forex) instability, a former deputy governor of the Central Bank of Nigeria (CBN), Prof. Kingsley Moghalu, has projected that it may linger for a minimum of two

April 23, 2024

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IMF News

Nigeria Trails Behind as Smaller African Economies Lead IMF Growth Rankings

Zambia Secures Further $184m from IMF As Economic Reforms Show Progress

IMF Warning: What Nigeria Must Do To Take Control Of Its Economy

IMF Warns Global Debt Crisis Could Threaten Nigeria’s Economic Stability

IMF Sympathises With Victims Of Kenya Anti-tax Protest

Nigeria To Repay $30bn For $2.5bn IMF Loan – See Why And How

Petrol Importation Cost Rise By 31.4% Amid Reduced Consumption In Nigeria

Why Nigerian Govt Need Supplementary Budget To Pay minimum wage- IMF

IMF Urges Nigeria To Stop Electricity Subsidy Amid Economic Concerns

Nigeria’s Current Economic Stress May Linger For 3 Years – Moghalu

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