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...
Nigeria’s people are getting poorer despite the country’s slow recovery from recession, and economic reforms are urgently needed, the International Monetary Fund (IMF) said in a report seen by Reuters on Wednesday. The Fund expects the government to “muddle through” in the medium term, and any …...
The Nigerian naira has been the major talk of the town as the currency gained heavily within a week after losing over 100 per cent in 2016.
In an intriguing article on The Guardian Newspaper dated 26 February 2017 and titled: “Saving The Naira, The Soludo Option”, the writer, Dan Agbese...
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Nigeria's Finance Minister, Kemi Adeosun, has ruled out FG borrowing money from the IMF to improve the country's economy.
Speaking on CNBC, Adeosun said it is a last resort.
“For us the IMF is really a lender of last resort when you have balance of payments problem. Nigeria doesn’t have...
The Federal Government has said it will not apply for International Monetary Fund loan.
Minister of finance, Kemi Adeosun stated this in an interview with CNBC.
She said: “For us the IMF is really a lender of last resort when you have balance of payments problem. Nigeria doesn’t have balance...
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