IMF

The decision of the Central Bank of Nigeria directing banks to desist from carrying out transactions with entities dealing in cryptocurrencies has been backed by the International Monetary Fund (IMF). This was made known by the IMF…

The Debt Management Office (DMO) has disclosed that Nigeria took loans worth $31.98 billion from World Bank Group, International Monetary Fund (IMF), African Development Bank (AfDB) Group and others as of September 2020. This is…

Nigeria stands as the number one country in Africa in the International Monetary Fund (IMF) 2020 World Economic Outlook’s ratings of countries. Using countries’ GDPs, IMF ranked Nigeria among the first 26 countries in the world in the…

Former presidential aide, Reno Omokri, has called on the International Monetary Fund and World Bank to stop lending money to President Mohammadu Buhari. Reno in a tweet via his official Twitter account made this known, stating that the…

The board of the International Monetary Fund (IMF) on Tuesday approved Nigeria’s request for $3.4 billion emergency support to address the severe impact of the COVID-19. The IMF, however, insisted that the Federal Government must be…

The International Monetary Fund (IMF) has granted debt relief to 25 countries. Kristalina Georgieva, Managing Director of the IMF, made this known in a statement issued on Monday. “Today, I am pleased to say that our Executive Board…

Minister of Finance, Mrs Zainab Ahmed, says the Federal Government has secured a $3bn loan from the World Bank. According to the Finance Minister, the loan is to be used for reforming the nation’s power sector. Mrs Ahmed announced the…

The Managing Director of the International Monetary Fund (IMF), Ms. Christine Lagarde, yesterday officially notified the Executive Board of the Fund of her decision to step down from the position, effective September 12, 2019. She…

The International Monetary Fund (IMF) has warned Nigeria and other emerging market countries taking loans from China to consider the terms of such facilities, especially their compliance with the Paris Club arrangements.