International Monetary Fund

Nigeria spent a total of $4.66 billion servicing its external debts in 2024, according to fresh data released by the Debt Management Office (DMO), laying bare the country’s increasing reliance on borrowing amid fiscal pressure and dwindling…

Nigeria’s economic reform efforts have gained significant momentum with the International Monetary Fund (IMF) endorsing the country’s Single Window Trade Project. The initiative aims to enhance trade efficiency, boost revenue generation,…

Heirs Holdings Founder and Group Chair Tony Elumelu has been appointed to the International Monetary Fund's (IMF) Advisory Council on Entrepreneurship and Growth, convened by IMF Managing Director Kristalina Georgieva. Elumelu, Africa’s…

The International Monetary Fund raised its economic growth forecast for sub-Saharan Africa next year to the highest since 2021, while warning that factors including social unrest create elevated uncertainty. The Washington-based lender…

The International Monetary Fund (IMF) has revised downward by 0.2 per cent, Nigeria’s economic growth projection amid weaker than expected activity in the first quarter of the year. This has thus led to a downward revision of economic…

African Development Bank President, Dr Akinwumi Adesina, has said the Special Drawing Rights (SDRs) hybrid-capital based solution approved by the International Monetary Fund’s Executive are the types needed to tackle Africa’s growing…

The International Monetary Fund (IMF) has cautioned against the proposed amendment to the Act establishing the Central Bank of Nigeria (CBN), which it said could weaken the bank's autonomy. The IMF alternatively called for the…

Egypt signed a deal with the International Monetary Fund to increase an initial $3 billion loan package to $8 billion, the two sides said on Wednesday. The agreement, announced by Egyptian Prime Minister Mostafa Madbouly and the IMF’s…

The International Monetary Fund raised its outlook for the world economy this year, estimating that risks have eased in recent months after the US averted a default and authorities staved off a banking crisis on both sides of the Atlantic.…

The Nigerian Economic Summit Group, (NESG) says the ongoing Obajana Cement Plant dispute between the Kogi government and Dangote Industries Limited sends wrong signals to investors, both domestic and foreign, and could result in an increase…