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Tag "international monetary fund"

Zainab Ahmed: Nigeria has fulfilled all conditions for $1.5bn World Bank loan

    Zainab Ahmed: Nigeria has fulfilled all conditions for $1.5bn World Bank loan

Zainab Ahmed, the minister of finance, budget and national planning, says the federal government has fulfilled the conditions required for the World Bank loan. Ahmed told Bloomberg in an interview

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Nigeria’s debt rose by N2.3trn between March and June

    Nigeria’s debt rose by N2.3trn between March and June

Nigeria’s total debt stock increased by N2.381 trillion between March 31 and June 30, data released by the Debt Management Office (DMO). The total public debt stock, which comprises the

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Is Nigeria heading for a technical recession?

    Is Nigeria heading for a technical recession?

Nigeria’s monetary and fiscal policymakers face enormous challenges as the country confronts a looming technical recession just three years after the last downturn in 2017. The COVID-19 pandemic circumstances have

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Report: World Bank delays approval for Nigeria’s $1.5bn loan over naira reforms

    Report: World Bank delays approval for Nigeria’s $1.5bn loan over naira reforms

The World Bank is delaying approval of Nigeria’s request for a $1.5 billion loan due to concerns over desired reforms, Reuters is reporting. The newspaper quotes unidentified sources as saying

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This is not the time to aggressively pursue new tax measures, IMF tells FG

  This is not the time to aggressively pursue new tax measures, IMF tells FG

The International Monetary Fund (IMF) has advised the federal government to adopt supportive policies during the period of the COVID-19

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IMF projects worse decline for Nigeria’s economy

  IMF projects worse decline for Nigeria’s economy

The International Monetary Fund (IMF) has revised its projection for Nigeria’s gross domestic product (GDP) projection downwards to a negative

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IMF projects debt servicing will gulp all FG’s revenue in 2020

  IMF projects debt servicing will gulp all FG’s revenue in 2020

The International Monetary Fund (IMF) has projected that all revenue accrued to the federal government in 2020 will be spent

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IMF advises banks to suspend dividend repayment, share buybacks

  IMF advises banks to suspend dividend repayment, share buybacks

The International Monetary Fund (IMF) has advised banks to suspend dividend repayment to shareholders during the pandemic. In an article

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Zainab Ahmed: Nigeria’s economy is heading towards a recession

  Zainab Ahmed: Nigeria’s economy is heading towards a recession

Zainab Ahmed, the minister of finance, budget and national planning, says the economy is heading towards a recession. However, Ahmed

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‘It’s a loan’ — Zainab Ahmed clarifies IMF’s $3.4bn facility

  ‘It’s a loan’ — Zainab Ahmed clarifies IMF’s $3.4bn facility

Zainab Ahmed, the minister of finance, says the $3.4 billion credit facility approved for Nigeria by the International Monetary Fund

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