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IMF Backs CBN’s New Exchange Rate Policy

IMF Backs CBN’s New Exchange Rate Policy

The International Monetary Fund (IMF) on Friday gave its backing to the Central Bank of Nigeria’s (CBN) exchange rate unification policy. The policy, which merged all exchange rates into the Investors and Exporters (I&E) window,…

IMF, World Bank Important Counterweights To China – US Treasury

IMF, World Bank Important Counterweights To China – US Treasury

The United States Treasury Secretary, Janet Yellen on Tuesday said that International Financial Institutions (IFIs), such as the World Bank and the International Monetary Fund (IMF), are important in balancing China. Yellen lauded the institutions that…

Nigeria Spends Huge In Servicing Foreign Debt

Nigeria Spends Huge In Servicing Foreign Debt

The released data by the Central Bank of Nigeria (CBN) has revealed that the Federal Government spent $894 million to service foreign debt obligations from January to April 2023. The export and international payment data…

IMF: ENaira Adoption Is Disappointedly Low

IMF: ENaira Adoption Is Disappointedly Low

The public adoption of the eNaira has been characterized as unbelievably low by the International Monetary Fund (IMF). The Bretton Woods organization recently published a working paper titled “Nigeria’s eNaira, One Year After” that detailed…

Rewane Reveals How Nigeria Can Escape Mounting Debt Cycle

Rewane Reveals How Nigeria Can Escape Mounting Debt Cycle

Three strategies have been provided by Bismarck Rewane, the Managing Director and Chief Executive Officer of Financial Derivatives Company Limited, for Nigeria to escape its debt cycle. Rewane who disclosed this in the latest Financial…

Global Food Prices To Remain High – IMF

Global Food Prices To Remain High – IMF

International Monetary Fund (IMF) has revealed that the price of global food would have been reduced because of the war between Russia and Ukraine but remain historically high. This is according to the Recent Global…

World Bank Working To Make Nigeria More Productive

World Bank Working To Make Nigeria More Productive

….The country needs to make structural reforms – IMF All hands are on deck to make sure that the Nigerian economy is more productive, the World Bank has said. The global bank’s President, David Malpass,…

IMF: Global growth to fall below 3% in 2023

IMF: Global growth to fall below 3% in 2023

The International Monetary Fund (IMF) expects global economic growth to dip below three per cent in 2023 and to remain around three per cent for the next five years, IMF Managing Director, Kristalina Georgieva, said…

IMF laments cold approach to funding squeeze in Africa

IMF laments cold approach to funding squeeze in Africa

The Director Director, African Department of the IMF, Abebe Aemro Selassie, has taken a swipe at the attitude of international community and African region policymaker towards the prevailing funding squeeze in Africa. Abebe, while delivering…

Naira Crisis: IMF advises CBN to extend deadline

Naira Crisis: IMF advises CBN to extend deadline

The International Monetary Fund (IMF) has advised the Central Bank of Nigeria (CBN) to consider extending its deadline for the swapping of the old naira notes for the new ones “should problems persist in the…