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Tag "Gene Leon"

IMF hints at fresh devaluation, says naira is overvalued

    IMF hints at fresh devaluation, says naira is overvalued

The International Monetary Fund (IMF) says the Nigerian naira is overvalued by about 10 percent to 20 percent.  Speaking at a news briefing in Washington on Wednesday, Gene Leon, IMF mission

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IMF admits Nigerian economy ‘will probably shrink’ in 2016

    IMF admits Nigerian economy ‘will probably shrink’ in 2016

The International Monetary Fund (IMF) has admitted that the Nigerian economy “will probably” shrink in 2016, performing below the IMF forecast for the country. Speaking in Abuja on Monday, Gene

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IMF asks Buhari to remove FX restrictions

    IMF asks Buhari to remove FX restrictions

The International Monetary Fund (IMF) has called on President Muhammadu Buhari to adopt a sound petroleum industry bill (PIB) and eliminate restrictions around foreign exchange policy. The PIB has been

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IMF endoses Nigeria’s belt-tightening policies

    IMF endoses Nigeria’s belt-tightening policies

The International Monetary Fund (IMF) has described the set of measures put in place by the federal government to mitigate the effects of the dwindling oil revenues as a move

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