IMF News – Page 5 of 8 – Prime Business Africa

Ghana Gets IMF Approval For $3 billion Loan Bailout

The International Monetary Fund (IMF) has approved the $3 billion loan requested by the Ghanaian government, as the firm moves to assist the government in its ongoing debt restructuring and economic recovery. Ghana is faced with financial challenges that have resulted in

May 18, 2023

Business

IMF Blames China, US, Others For Dwindling Foreign Investments In Nigeria

The International Monetary Fund (IMF) has blamed Brexit and trade tensions between the United States and China amongst others as factors pulling down Foreign Direct Investment (FDI) in Nigeria. According to the IMF, geopolitical tensions resulting from Russia’s invasion of Ukraine also

April 17, 2023

Business

IMF, US Disagree Over Global Recession Induced By Financial Crisis

The International Monetary Fund (IMF) has stated that the financial crisis in the global banking sector is increasing the possibility of global recession, but the US says otherwise on Tuesday, 11 April 2023. Although the IMF said the possibility of a recession

April 12, 2023

Breaking: CBN Raises Interest Rate To 18.75%

Business

CBN Defends Anchor Borrowers’ Programme After IMF Criticism

The Central Bank of Nigeria (CBN) on Monday, 7 March 2023, countered the statement of the International Monetary Fund (IMF) over the Anchor Borrowers’ Programme (ABP). IMF had stated that the Anchor Borrowers’ Programme is experiencing bad debt, with only 24 per

March 8, 2023

Breaking: CBN Tell Banks To Increase Interest Rate On Loan, Set MPR At 18.5%

Business

IMF Warns CBN, Others Against Financing Government’s Excessive Debt

The central banks have been warned by the International Monetary Fund (IMF) against constantly bailing out governments in their quest to borrow funds outside the bond market. Recall that the N23.7 trillion debt the Nigerian government owes the Central Bank of Nigeria

March 6, 2023

IMF Asks Nigeria, Others To Charge VAT, Capital Gains Tax On Crypto Assets

Business

Crypto Assets Have Been More Of Disappointment, IMF Says

The International Monetary Fund (IMF) has described cryptocurrencies as a disappointment, as they failed to meet the expectation of their users. In an IMF report authored by Tobias Adrian and Tommaso Mancini-Griffoli, IMF said crypto assets couldn’t revolutionise the global financial system.

February 28, 2023

Fuel, Bread, Others Push Nigeria's Inflation Rate To 22.41%, NBS CPI Report Shows

Business

NBS: IMF Tackles Nigeria’s ‘Outdated’ Inflation Rate Data

The monthly consumer price index (CPI) of the National Bureau of Statistics (NBS) has come under criticism from the International Monetary Fund (IMF). In a report titled; Nigeria: 2022 Article IV Consultation’, the IMF said the NBS is using the 2003/2004 National

February 21, 2023

Business

UPDATED: IMF, World Bank Warn CBN On Naira Transition Timeframe

The International Monetary Fund (IMF) and the World Bank have cautioned the Central Bank of Nigeria (CBN) over its handling of the transition from the old Naira to new banknotes. Nigeria’s financial regulator announced in October 2022 that the N200, N500 and

February 9, 2023

Naira Vs Dollar: What To Expect This Week (2nd - 6th June 2025)

Business·Currency·Insights

CBN Sells $9.4 billion Forex In 6 Months To Control Dollar Rate

In the first half of 2022, the Central Bank of Nigeria (CBN) sold $9.4 billion to the foreign exchange market to control dollar rate, despite international creditors advising against such intervention. Why CBN’s forex intervention matters? The CBN’s $9.4 billion intervention in

December 2, 2022

Business

Nigeria’s Economic Growth Projection Drops 0.2%, As IMF Downgrades Country

The International Monetary Fund (IMF) has downgraded the economic growth projection of Nigeria, as it advises the government to be consistent with clear policies. IMF downgraded the growth projection for Africa’s largest economy by 0.2 per cent, from the 3.4 per cent

October 12, 2022

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IMF News - Page 5

Ghana Gets IMF Approval For $3 billion Loan Bailout

IMF Blames China, US, Others For Dwindling Foreign Investments In Nigeria

IMF, US Disagree Over Global Recession Induced By Financial Crisis

CBN Defends Anchor Borrowers’ Programme After IMF Criticism

IMF Warns CBN, Others Against Financing Government’s Excessive Debt

Crypto Assets Have Been More Of Disappointment, IMF Says

NBS: IMF Tackles Nigeria’s ‘Outdated’ Inflation Rate Data

UPDATED: IMF, World Bank Warn CBN On Naira Transition Timeframe

CBN Sells $9.4 billion Forex In 6 Months To Control Dollar Rate

Nigeria’s Economic Growth Projection Drops 0.2%, As IMF Downgrades Country

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