The Nigeria Labour Congress (NLC) has accused the International Monetary Fund (IMF) and World Bank of driving Nigeria's economic hardships, blaming their policy recommendations for the country’s financial struggles. NLC President Joel Ajaero calls for IMF and World Bank to end their influence...
The IMF recently clarified that it had no involvement in Nigeria’s decision to remove fuel subsidies, emphasizing that the policy was a domestic choice. During a press conference, IMF's Abebe Selassie highlighted the need for social investments to mitigate the impact on vulnerable Nigerians amid...
The IMF has reduced Nigeria's growth forecast for 2024 to 2.9%, down from 3.3%, citing low crude oil production and severe flooding as primary factors. The report highlights persistent inflation challenges, projecting Nigeria’s inflation rate to stabilize at 25% in 2025 amid ongoing economic...
Amidst the World Bank's International Development Association summit for African Heads of State in Nairobi, Kenya, Ugandan President Yoweri Museveni delivered a scathing indictment, accusing the IMF, World Bank, and Western nations of perpetuating poverty in Africa.
Museveni contended that the...
In a surprising turn of events, the International Monetary Fund (IMF) has confirmed that the Nigerian government, under President Bola Tinubu's administration, has quietly resumed the payment of subsidies on petrol, also known as premium motor spirit (PMS). This revelation comes just months...
In the wake of the International Monetary Fund's (IMF) recommendation for the Nigerian government to eliminate electricity subsidies, a wave of diverse reactions has swept across the nation. Citizens, taking to social media platforms, have expressed a range of sentiments reflecting skepticism...
In the face of persistent economic challenges and the ongoing struggle of Nigerians, the International Monetary Fund (IMF) has strongly urged the Federal Government to eliminate subsidies on fuel and electricity. The IMF argues that these subsidies, considered costly and ineffective, should be...
The International Monetary Fund (IMF) has adjusted Nigeria's 2024 economic growth forecast downward to 3.0%, marking a notable decrease from the previous projection of 3.1% made in October 2023.
This downgrade was unveiled in the IMF's World Economic Outlook update released in January 2024...
The federal government of Nigeria is on the brink of securing a substantial budget support facility amounting to $1.5 billion from the World Bank, announced Mr. Wale Edun, the Minister of Finance and Coordinating Minister of the Economy. This significant development was disclosed during the...
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The International Monetary Fund (IMF) has advised the Nigeria government to remove fuel subsidy and direct the money to the provision of social amenities for the country. Christine Lagarde, Managing Director of IMF, gave the advice during a press conference at the ongoing joint annual spring...
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EXCLUSIVE: Documents show Atiku paid $30,000 to US firm to ‘unseat Buhari’ - The Cable
https://www.nigerianbulletin.com/threads/exclusive-documents-show-atiku-paid-30-000-to-us-firm-to-%E2%80%98unseat-buhari%E2%80%99-the-cable.381809/
Remove fuel subsidy, IMF...
The International Monetary Fund (IMF) has expressed concern over Nigeria’s ability to service its external loans estimated at over $18.9billion, given its mono-product economy status and low revenue base.
IMF Director................
Read more via The Guardian Nigeria Newspaper – Nigeria...
The Central Bank of Nigeria (CBN) is relishing the success of its monetary policy, especially regarding the foreign exchange, as the efforts have been finally acknowledged by the international financial community.
The International Monetary …
Read more via The Guardian Nigeria Newspaper –...
Despite Nigeria’s exit from recession, its economic situation remains challenging and policy implementation needs to move quickly and comprehensively, if the country is to reap its long-term potential, the International Monetary Fund (IMF) has said. The IMF, which stated this in its latest...
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