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Tag "international monetary fund"

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 5.4 percent. This is worse than the -3.4 percent contraction

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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 on interest repayments. Jesmin Rahman, IMF’s mission chief and senior

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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 published on its website, Kristalina Georgieva, IMF managing director, said

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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 projected that the extent of the recession can be mitigated

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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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EXPLAINER: Not a loan with conditionalities… what to know about IMF’s $3.4bn to Nigeria

  EXPLAINER: Not a loan with conditionalities… what to know about IMF’s $3.4bn to Nigeria

The executive board of the International Monetary Fund (IMF), on Tuesday, approved Nigeria’s request for financial assistance to the tune

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Report: IMF to approve Nigeria’s $3.4bn emergency fund request

  Report: IMF to approve Nigeria’s $3.4bn emergency fund request

The staff of the International Monetary Fund (IMF) will recommend that Nigeria’s $3.4 billion request for financial aid be approved.

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IMF board to decide Nigeria’s aid request on April 28

  IMF board to decide Nigeria’s aid request on April 28

The executive board of the International Monetary Fund (IMF) will meet on Tuesday, April 28, to debate on Nigeria’s request

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IMF: Aid requests from sub-Saharan Africa will be prioritised

  IMF: Aid requests from sub-Saharan Africa will be prioritised

Kristalina Georgieva, managing director of the International Monetary Fund (IMF), says aid requests by sub-Saharan African countries would be prioritised during

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IMF: Nigeria heading into its worst recession in over 30 years

  IMF: Nigeria heading into its worst recession in over 30 years

The International Monetary Fund (IMF) has projected that Nigeria’s economy will recede by 3.4% in 2020 as a result of

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