International Monetary Fund don review Nigeria economic growth potential to three-point-four percent for 2022. The IMF tok for their April 2022 report sey dem do di review after oil price go up. For di latest forecast, IMF come out to tok se dem de see three point one percent growth for Nigeria for 2023.
The International Monetary Fund says Nigeria will likely depend on overdrafts from the Central Bank of Nigeria to fund its proposed two point five-five trillion-naira petrol subsidy bill. The IMF made this known in its report which was prepared by a staff team of the fund as background documentation for its regular discussion with Nigeria. The report…
The National Bureau of Statistics says Nigeria recorded an annual Gross Domestic Product growth of three point four per cent in 2021, representing the strongest growth in seven years. The GDP growth exceeded the World Bank and International Monetary Fund 2021 projections of two point five per cent and two point seven per cent for the country.…
The International Monetary Fund has urged El Salvador to reverse its decision to make Bitcoin legal tender. El Salvador had in September 2021 became the first country to allow consumers to use the cryptocurrency in all transactions with the US dollar. The decision led to large-scale protests over fears it would bring instability and inflation to the…
The International Monetary Fund has allocated the sum of three point three-five billion dollars to Nigeria under its Special Drawing Rights. The allocation is part of about six hundred and fifty- billion dollars approval of a general allocation by the IMF Board of Governors. The IMF allocation announced by the Managing Director, Kristalina Georgieva, is meant to…