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IMF Warns Nigeria, Others Of High Risk Of Debt Distress

Nigeria and 72 other countries, according to a new report by the International Monetary Fund (IMF), are at high risk of debt distress or are already in debt distress. This was contained in a report, titled “Restructuring debt of poorer nations requires
April 8, 2022
IMF

FG Gross Debt To Grow By 92%, Hits N136tn In 2026 – IMF

The federal government’s gross debt profile, according to the International Monetary Fund, is projected to grow by 92.11 per cent from N70.85tn in 2022 to N136.11tn in 2026. The Washington based lender made this projection in a report titled ‘Nigeria Staff Report
February 15, 2022

Remove Fuel Subsidy, Official Exchange Rate, IMF Tells FG

The International Monetary Fund (IMF) has again urged the Nigerian government to stop subsidising fuel and remove the official exchange rate. This came two weeks after the federal government suspended the removal of petrol subsidy. It on January 24 suspended its plan
February 8, 2022
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IMF Urges Nigeria, Others To Prepare For Unstable Loan Markets

The International Monetary Fund (IMF) urged Nigeria and other developing economies with large foreign currency borrowings and external financing need to prepare for turbulence in financial markets. The IMF explained that countries such as Nigeria should consider extending their debt maturities as
January 27, 2022
IMF

IMF Asks Nigeria To Devalue Currency Further, Gives Reasons

The International Monetary Fund (IMF) has asked Nigeria to devalue its currency and raise benchmark interest rate in preparation for the Fed policy tightening. The IMF disclosed this in a blog post titled, ‘Emerging Economies Must Prepare for Fed Policy Tightening,’ on
January 11, 2022
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