International Monetary Fund

World Bank, IMF, CBN Accused Of Sabotaging Nigeria, China Swap Deal Amid Low Utilisation

The World Bank and the International Monetary Fund (IMF) have been accused by a human rights lawyer, Femi Falana, of sabotaging the Nigeria and China swap deal. Falana said the global financial institutions are working with the Central Bank of Nigeria (CBN)

August 29, 2023

IMF Sympathises With Victims Of Kenya Anti-tax Protest

Business·Oil & Gas

IMF Backs Fuel Subsidy Removal, As Gov’ts Spend $7trn To Lower Prices

About $7 trillion was spent globally on explicit and implicit fossil-fuel subsidies in 2022, the International Monetary Fund (IMF) revealed in a new report. With the cost of subsidies rising by $2 trillion over the past two years, the IMF advised governments

August 25, 2023

Business

Nigeria’s Economy To Decline, IMF Reveals, Proffers Solution

Nigeria’s economy will decline between 2023 and 2024, the International Monetary Fund (IMF) has revealed in its World Economic Outlook Update. The IMF said the decline will be driven by the country’s oil sector, which has been battling sabotage and oil theft for

July 26, 2023

Business

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

The International Monetary Fund (IMF) said Nigeria and other countries didn’t take advantage of the opportunity to generate $100 billion from the cryptocurrency industry. IMF, in a report titled; “Crypto Poses Significant Tax Problems—and They Could Get Worse,” said Nigeria and other

July 6, 2023

Africa·Business

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 Says CBN’s eNaira Have Unknown Consequences

The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has warned that the eNaira and other retail Central Bank Digital Currencies (CBDC) have unknown consequences. CBDC is a government-controlled digital currency that is split into two types; retail and wholesale

May 5, 2023

Business

IMF Reveals How Nigeria, Others Could Lose $10 billion To US, China Dispute

Foreign Direct Investment (FID) into Nigeria and other Sub-Saharan African countries could drop by $10 billion, the International Monetary Fund (IMF) has disclosed. The IMF made this known in a post titled; “Economic Growth in Sub-Saharan Africa Could Permanently Decline if Geopolitical

May 2, 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

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World Bank, IMF, CBN Accused Of Sabotaging Nigeria, China Swap Deal Amid Low Utilisation

IMF Backs Fuel Subsidy Removal, As Gov’ts Spend $7trn To Lower Prices

Nigeria’s Economy To Decline, IMF Reveals, Proffers Solution

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

Ghana Gets IMF Approval For $3 billion Loan Bailout

IMF Says CBN’s eNaira Have Unknown Consequences

IMF Reveals How Nigeria, Others Could Lose $10 billion To US, China Dispute

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

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