Reversing years of economic volatility, the International Monetary Fund’s latest Article IV Consultation affirms a new reality: Nigeria is making meaningful progress following a series of significant structural reforms to…
Read More Nigeria’s economic reforms win IMF praise amid signs of durable recovery
Our reporter/ The International Monetary Fund (IMF) has cut its forecast for Nigeria’s economic growth in 2024 to 3.1 per cent. The downgrade is contained in a newly released report…
Read More IMF slashes Nigeria’s economic growth forecast
The IMF held its global growth expectations for 2024 steady in a report Tuesday even as it cut forecasts for the United States and Japan, while warning of inflation risks…
Read More IMF maintains 2024 global growth forecast at 3.2%
Nigeria’s current account balance has experienced a surplus of $1.432bn in 2024, according to a report by the International Monetary Fund (IMF). The report, ‘World Economic Outlook Database’, noted that…
Read More Nigeria’s current account balance up by $1.43bn – IMF
The International Monetary Fund has advised the Tinubu administration to scrap electricity subsidy to free up funds for “development spending” to strengthen Nigeria’s economy. In a report which evaluated Tinubu’s…
Read More IMF asks Tinubu to remove electricity subsidy to create space for Nigeria’s development spending
