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IMF News - Page 3

Nigeria’s Hardship Will Multiply If IMF’s Advice On Electricity Subsidy Removal Is Followed, Alaje, Shehu Sani Warn

Nigeria has been warned against heeding the International Monetary Fund's advice on removing electricity subsidy as that could worsen economic hardship in the country.

February 13, 2024

IMF Sympathises With Victims Of Kenya Anti-tax Protest

Finance & Economy

IMF Warns Of Deepening Economic Crisis In Nigeria

In an assessment of Nigeria’s economic landscape, the International Monetary Fund (IMF) has sounded the alarm on the country’s challenges, pointing to stalled per-capita growth, soaring poverty rates, and escalating food insecurity as catalysts exacerbating the ongoing cost-of-living crisis. In a newly

February 12, 2024

Finance & Economy

Why IMF Downgraded Nigeria’s Economic Growth Forecast To 3% – Report

The International Monetary Fund (IMF) has adjusted Nigeria’s economic growth forecast for 2024, downgrading it to 3.0% from the previously predicted 3.1%. In its ‘World Economic Outlook Update, January 2024,’ released on Tuesday, the IMF cited weaker oil and gas production as

January 31, 2024

Business

IMF Calls For Urgent Tax Reforms As Debt-stricken Nations Face Mounting Challenges

The International Monetary Fund (IMF) has shed light on the concerning fiscal landscape faced by low-income countries, highlighting Nigeria's growing debt burden.

January 28, 2024

World News

AI Will Displace 40% Of Jobs Globally, IMF Warns Amid Inequality Concern

IMF Managing Director, Kristalina Georgieva, has asserted that artificial intelligence (AI) is poised to influence approximately 40% of global employment, with advanced economies facing both heightened risks and unique opportunities

January 15, 2024

Editorial

Fuel Subsidy: World Bank Must Allow Africa’s Poor Breathe [Editorial]

The World Bank has for long been dogged by allegations of promoting misguided policies that worked mainly to impoverish the majority of people

January 8, 2024

Business

eNaira Sees Surge In Transaction Volume, Yet Adoption Lags Behind

The Central Bank of Nigeria (CBN) has revealed 284.6% increase in eNaira transaction volume for August 2023, reaching N9.78 billion, as reported in its Monthly Economic Report. Despite this spike, eNaira’s ratio to Currency-In-Circulation (CIC) remains at a modest 0.37%. “eNaira experienced

December 28, 2023

Finance & Economy

How China’s Slowing Economy Drags Nigeria’s – IMF

As the biggest trading partner of Sub-Saharan African and market for one-fifth of the region’s exports, any form of slow growth in China would have a ricochet effect across the continent, the International Monetary Fund (IMF) has warned. The international lender said

November 10, 2023

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

Finance & Economy

IMF Calls For Global Action As 158 Million Battle Hunger In Africa

The International Monetary Fund (IMF) has urged global leaders to unite in addressing a dire food security crisis in Africa, as 158 million people currently grapple with hunger on the continent. The IMF’s urgent plea seeks to mobilize concerted efforts to combat

October 16, 2023

Moghalu Highlights How Trump’s Presidency Will Affect African Economies

Business·News

$1.5bn Budget Support Loan: Nigerian Govt Should Cut Cost of Governance Not Borrowing More – Moghalu

Former deputy governor of the Central Bank of Nigeria, Prof. Kingsley Moghalu, has called on Nigeria’s political leaders to cut cost of governance not going to borrow more funds. He stated this in reaction to the current move by the Federal Government

October 16, 2023

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IMF News - Page 3

Nigeria’s Hardship Will Multiply If IMF’s Advice On Electricity Subsidy Removal Is Followed, Alaje, Shehu Sani Warn

IMF Warns Of Deepening Economic Crisis In Nigeria

Why IMF Downgraded Nigeria’s Economic Growth Forecast To 3% – Report

IMF Calls For Urgent Tax Reforms As Debt-stricken Nations Face Mounting Challenges

AI Will Displace 40% Of Jobs Globally, IMF Warns Amid Inequality Concern

Fuel Subsidy: World Bank Must Allow Africa’s Poor Breathe [Editorial]

eNaira Sees Surge In Transaction Volume, Yet Adoption Lags Behind

How China’s Slowing Economy Drags Nigeria’s – IMF

IMF Calls For Global Action As 158 Million Battle Hunger In Africa

$1.5bn Budget Support Loan: Nigerian Govt Should Cut Cost of Governance Not Borrowing More – Moghalu

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