Nigeria will receive $3.35 billion as its share of the International Monetary Fund (IMF) $650bn special drawing rights (SDRs) to help boost the liquidity of member countries. Kristalina Georgieva, managing
Tag "international monetary fund"
The African Development Bank (AfDB) has announced that the G7 development finance institutions (DFIs) and multilateral partners have pledged to invest $80 billion in the continent’s private sector. In a
The Central Bank of Nigeria (CBN) has officially adopted the Nigerian autonomous foreign exchange (NAFEX) rate — weakening the naira by 8 percent to N410.25/$1. The apex bank has also
The International Monetary Fund (IMF) has advised the federal government to raise value-added tax to at least 10 percent by 2022. In a country focus article published on Monday, the
The International Monetary Fund (IMF) has estimated that 90 million people will slip into extreme poverty in 2021. Gita Gopinath
Zainab Ahmed, the minister of finance, budget and national planning, says the federal government has fulfilled the conditions required for
Nigeria’s total debt stock increased by N2.381 trillion between March 31 and June 30, data released by the Debt Management
Nigeria’s monetary and fiscal policymakers face enormous challenges as the country confronts a looming technical recession just three years after
The World Bank is delaying approval of Nigeria’s request for a $1.5 billion loan due to concerns over desired reforms,
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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