About Nigerians, Nigerian Business and Other Stories
Nigeria should explore ways of increasing revenue outside its traditional base of oil proceeds, the International Monetary Fund (IMF) has said. Speaking during a press briefing at the on-going 2018 IMF/World Bank Meetings in Bali, Indonesia, IMF’s Deputy Director, Fiscal Affairs Department, Paulo Mauro, explained that there is an issue of how to increase Nigeria’s […]
The International Monetary Fund (IMF) has urged Nigeria to prioritise and embark on infrastructural projects that would boost the nation’s economic growth. The body stressed that increasing revenues was very important for Nigeria, but equally significant was the choices made on what it would be spent on. Deputy Director, IMF Fiscal Affairs Department,Mr Paolo Mauro, […]
The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele; Chairman, UBA, Heirs Holdings and Transcorp, Mr. Tony Elumelu and International Monetary Fund (IMF) Country Chief, Mr. Amine Mati are among the dignitaries who have confirmed their attendance at the 2018 Financial Markets Conference of the Financial Markets Dealers Association (FMDA). The event scheduled to […]
The International Monetary Fund on Monday expressed concern over Nigeria’s capacity to repay its debts and stressed the need for the Federal Government to mobilise more revenues domestically. The Washington-based fund, at the public presentation of the Spring 2018 Issue of the Regional Economic Outlook for Sub-Saharan Africa, said the public debt in the region […]
The International Monetary Fund (IMF) Tuesday. warned that Nigeria and other debtor nations may run into more troubles with repayment as the global debt levels are becoming unsustainable. This is even as the Fund warned that voters’ disillusionment could raise the threat of political developments that could destabilise a range of economic policies in the future, […]
The head of the International Monetary Fund warned Wednesday that a trade war US President Donald Trump apparently intends to provoke with tariffs on steel and aluminium would snuff out global growth. “If international trade is called into question by these types of measures, it will be a transmission channel for a drop in growth, […]
The International Monetary Fund (IMF) says Nigerians are getting poorer and that “coherent and comprehensive” economic reforms are urgently needed in the country. The gross domestic product report released by the National Bureau of Statistics (NBS) on Tuesday showed that the economy recorded a growth of 0.83 percent in 2017. The Bretton Wood institution said […]
Tayo Olanipekun Apart from the growth witnessed in its oil and agricultural sectors, Nigerian economy did not grow in the first three quarters of this year, making the recovery of Africa’s largest economy challenging, the International Monetary Fund (IMF) has said. This is as it also noted that difficulties in accessing financing and high inflation […]
Monetary and regulatory authorities in Nigeria have been enjoined to roll out policies that would bring down the inflation rate in the country as well as increase access to domestic funds in order to ensure that the economy attains further growth in 2018, adding that Nigeria is still an investor’s destination. The call was made […]
The International Monetary Fund (IMF) has warned that Nigeria and other oil producing countries in Africa may be overburdened with the high cost of debt servicing. It said such costs are expected to absorb over 60 per cent of governments’ revenues this year in Nigeria, Angola and Gabon. Public debt, the IMF said, rose above 50 per […]