30 results
- 7 Mar 2022
Nigeria Gets $6.8Bn in Emergency Support from IMF in 2 Years
International Monetary Fund (IMF) has assisted Nigeria with a total of $6.8 billion in emergency support to cushion the effect of the Corona virus pandemic in 2020 and 2021, Ari Aisen, IMF country…
- 17 Nov 2020
IMF Doles $3.4Bn Cash to Nigeria
International Monetary Fund (IMF) has released its updated economic funding support showing that it doled out a total $3.4 billion to Nigeria to help tackle COVID-19 pandemic. In an emailed report,…
- 1 Dec 2019
CBN’s Order to Banks on Loans May Weaken Balance Sheets – IMF
International Monetary Fund (IMF) has said the directive from the Central Bank of Nigeria (CBN) that deposit money banks should achieve a minimum loan-to-deposit ratio could weaken their balance…
- 5 Jul 2026
Tokenization, Blockchain Technology will Transform Financial Institutions – IMF
International Monetary Fund (IMF) has projected that tokenization and blockchain technology will fundamentally transform global financial market infrastructure (FMI), but insisted that regulated…
- 16 Jun 2022
Nigeria’s Fiscal Woes to get Worst- IMF
International Monetary Fund (IMF) has again raised concern about the rising Federal Government fiscal deficit, warning it could hit 6.1 per cent of the nation’s Gross Domestic Product (GDP) as oil…
- 17 Jun 2026
IMF Warns of New Risks for Monetary Policy over $59Bn Crypto Inflows into Nigeria
The International Monetary Fund (IMF) has warned that the rapid expansion of stablecoin usage in Nigeria could significantly weaken demand for the naira and reduce the effectiveness of domestic…
- 2 Apr 2016
IMF Cuts Nigeria Growth Forecast
The International Monetary Fund (IMF) has said that it has again cut its growth forecast for Nigeria as the oil exporter faces "substantial challenges" from low crude prices. In its annual review of…
- 15 Jan 2024
AI to Hit 40 Percent of All Jobs, Worsen Inequality- IMF
Artificial intelligence is set to affect nearly 40 percent of all jobs, according to a new analysis by the International Monetary Fund (IMF). Kristalina Georgieva, IMF's managing director said"in…
- 30 Aug 2013
CBN Says Rogers, IMF Rep is Friend of Nigeria
The Central Bank of Nigeria (CBN) has described Dr. William Scott Rogers, out-going senior resident representative of the International Monetary Fund (IMF) in Nigeria, as a true friend of the…
- 13 May 2024
IMF Urges CBN to License Cryptocurrency Dealers
International Monetary Fund (IMF) has explained why the Central Bank of Nigeria (CBN) should issue operating licences or register cryptocurrency dealers. In its 2024 Staff Report released at the…
- 10 May 2017
IMF Predicts 2.6% Growth for Africa
The International Monetary Fund (IMF) has released its 2017 Sub-Saharan Africa Regional Economic Outlook, predicting a 2.6 per cent growth. Mr. Abebe Selassie, head of the African Region, who…
- 23 Oct 2024
IMF Commends CBN for Naira stability Signs
International Monetary Fund (IMF) has reported that Nigeria’s local currency, the naira, is beginning to show signs of stability, largely due to recent interest rate hikes and the clearing of foreign…
- 14 Jun 2026
IMF Urges FG to Introduce Fuel, Telecom Taxes
The International Monetary Fund (IMF) has recommended introducing taxes on fuel products and telecommunications services in Nigeria. According to the IMF, this is part of broader measures to increase…
- 6 Apr 2009
IMF Earmarks over $31 million to Fight money laundering
Money Launderers and Terrorism financiers in African countries are in for a big confrontation as the International Monetary Fund (IMF) has packaged for launching a donor-supported trust fund worth…
- 14 May 2013
NAAPE Accuses IMF of Encouraging Wastes in Nigeria
National Association of Aircraft Pilots and Engineers (NAAPE) has returned a damning indictment on the International Monetary Fund (IMF) for calling for the wind up of Assets Management Corporation…
- 16 Nov 2021
IMF Warns CBN Over e-Naira Risks
The International Monetary Fund (IMF) has said that the recently launched e-Naira has the potentials for Financial Inclusion and boost Diaspora remittances but could pose risks to Nigeria’s financial…
- 28 Mar 2025
IMF Appoints Elumelu, Nigerian Businessman to Advisory Council
International Monetary Fund (IMF), has appointed Tony Elumelu, Nigerian billionaire and group chairman of Heirs Holdings, owners of United Bank of Africa, to its advisory council on entrepreneurship…
- 10 Jan 2022
IMF Tells Nigeria, Others to Devalue Currency, Hike Interest Rates
The International Monetary Fund (IMF) has advised emerging economies including Nigeria to allow their currencies to depreciate in response to tighter funding conditions and an imminent policy…
- 24 Mar 2020
IMF Says COVID-19 May Trigger Global Recession
The International Monetary Fund (IMF) has warned that the global economy will likely suffer a severe recession worse than that of the 2008 global financial crisis in 2020. During a phone call of G20…
- 17 Apr 2026
FG Rules Out Borrowing from IMF’s $50Bn Support Fund
Federal government has said that Nigeria has no plans to seek a loan from the International Monetary Fund’s proposed $50 billion support package for economies hit by the Middle East crisis. Wale…
- 24 Feb 2016
IMF Urges Nigeria to Lift Foreign Exchange Curbs
The International Monetary Fund (IMF) has called on Nigeria to lift foreign exchange curbs and let the naira reflect "market forces" more closely, also urging more fiscal discipline and structural…
- 7 Feb 2022
Again, IMF Asks Nigeria to Hike VAT, Remove Fuel Subsidy
International Monetary Fund (IMF) has once more advised Nigeria's federal government to increase Value Added Tax (VAT), while also offering other fiscal measures that the country could adopt to…
- 2 Jul 2025
IMF Raises Nigeria’s 2025 GDP Growth Forecast to 3.4%
International Monetary Fund (IMF) has projected a 3.4 percent expansion in Nigeria’s real Gross Domestic Product (GDP) for 2025, following the conclusion of its annual Article IV consultation with…
- 2 Nov 2021
COVID-19: IMF Says Nigerian Banks Closed 234 Branches, 649 ATMs
International Monetary Fund (IMF) has said Nigerian banks closed 234 branches and 649 automated teller machines (ATMs) in 2020 amid the COVID-19 outbreak. The Bretton Woods institution which said…
- 28 May 2024
IMF Says 56 Percent of CBNs Lack National Cybersecurity Strategy
International Monetary Fund (IMF) has revealed that 56 percent of central banks or supervisory authorities do not have a national cyber strategy for their financial sectors. The Washington-based…
- 7 Mar 2015
IMF Urges Nigeria to Devalue Naira Again
As if the suffering is not enough, the International Monetary Fund (IMF), has called on Nigeria to further devalue the Naira in order to protect the country from potential harm during trying time for…
- 27 Mar 2013
BRICS Development Bank to Rival IMF, the World Bank
Geoffrey Wood, Professor of International Business said that the new BRICS Development Bank can rival the International Monetary Fund (IMF) and the World Bank if it can reconcile its competing…
- 19 Apr 2017
Nigeria to Grow by 0.8% in 2017 – IMF
The International Monetary Fund on Tuesday forecast 2.6 percent growth in sub-Saharan Africa this year, aided by a modest recovery in large economies South Africa, Nigeria and Angola. “Growth is…
- 22 Apr 2022
CBN List Conditions for Forex Rate Review
Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), has said the apex bank will consider the advice of the International Monetary Fund (IMF) to review its exchange rate policies once…
- 15 Jun 2017
Oviosu, Paga Boss Speaks @ 2017 Spring Meetings, Washington DC
Tayo Oviosu, founder and CEO Paga, Nigeria’s #1 Digital Financial Service company, spoke at the Spring Meetings hosted by World Bank Group and International Monetary Fund (IMF) in Washington DC…