No matter what, Nigeria’s economy still attractive to investors, says IMF
After months of threats that Nigeria’s economy is still susceptible to recession shocks and steady calls for devaluation of the currency, the International Monetary Fund (IMF), has made a U-Turn, saying the same economy is still on international investors’ radar…
IMF traces weak economic growth in Nigeria, S’Africa to political risks
More facts have emerged on why several frantic efforts so far made by the present administrations in Africa’s largest economies to attract credible deep pocket foreign investors have failed to yield results. The International Monetary Fund (IMF), earlier in the…
Only technology can capture SMEs into Nigerian tax basket—IMF
The International Monetary Fund (IMF) has argued that beyond tax reforms targeting mega businesses, “Another way Nigeria’s Federal and State Governments could enhance compliance is by encouraging businesses of all sizes to use technology to streamline capturing of transactions and…
Refinancing local loans with foreign facility’ll kill forex—IMF
The International Monetary Fund (IMF) has warned the federal government any attempt to refinance local debts with low interest foreign facility will expose the economy to exchange rate risks. Already, the economy has been suffering forex crisis since the last…
ERGP success tied to robust banking industry—IMF
Whereas the Central Bank of Nigeria (CBN) has repeatedly claimed that Nigerian commercial banks are all strong and fit, the International Monetary Fund (IMF), has warned that many commercial banks need to raise new capital and boost their capital adequacy…
Looming insolvency in Nigerian banks worries IMF
The International Monetary Fund (IMF) has observed serious level of insolvency in many Nigerian commercial banks, saying the scourge remains a threat to effective recovery of the economy from recession. Though the economy exited recession based on data rolled out…
Egypt to raise electricity tariff up to 42% to meet IMF bailout condition
Egypt has announced electricity tariff increases of up to 42% to meet demands by the International Monetary Fund (IMF) for a $12 billion bailout loan. According to Medhat Fouda, the company’s chairperson, funds will be used toward the replacement of…
IMF names confused budgets, two other factors frustrating sub-Saharan economies
The International Monetary Fund (IMF) has come up with a bang saying economies of the sub-Saharan Africa need to get their budgets in order, diversify their economies and look after their poorest people in order to grow out of poverty…
Adeosun, IMF, CBN hold different views on Nigeria’s economic outlook, recovery time
Whereas the Minister of Finance, Mrs. Kemi Adeosun has claimed that Nigeria economy will grow this year by 2.5 per cent, the International Monetary Fund (IMF) and the Central Bank of Nigeria (CBN) are heading opposite directions on the projections…
