IMF warns 20 million Africans face food insecurity amid price surge
IMF warns 20 million sub-Saharan Africans face food insecurity as global prices surge
China’s Economic Slowdown Poses Challenges To Nigeria’s Growth – IMF
The International Monetary Fund (IMF) has issued a warning that China’s recent economic slowdown could have far-reaching repercussions for Nigeria’s...
IMF Warns of Economic Impact On Neighboring Nations As Israel-Hamas War Rages On
The International Monetary Fund (IMF) said the ongoing conflict between Israel and the Palestinian militant group, Hamas, is causing significant...
98.5% Of eNaira Wallets Unused – IMF
The International Monetary Fund says 98.5% of eNaira wallets created has never been used.
Ghana Gets $3bn Loan From IMF Amid Economic Crisis
The International Monetary Fund has approved a $3 billion loan to Ghana to help the country resolve it's raging economic crisis.
29 Migrants Die in Tunisia Boat Sinking Tragedy
At least 29 migrants have died after several boats sank off Tunisia's coast while attempting to cross the Mediterranean and reach Italy. This tragedy is the latest in a series of migrant boat capsizes off Tunisia's coast in recent days. The situation in Tunisia has led to an increase in racist incidents, and some countries, such as Ivory Coast and Guinea, have repatriated their citizens due to the climate of intolerance. Read on for more details about the latest tragedy, the situation in Tunisia, and the efforts to address the crisis.
IMF Says Nigeria’s Inflation Index Outdated
The International Monetary Fund says the weights used to calculate Nigeria's monthly consumer price index are outdated, OduNews reports.
IMF Asks Buhari To Extend Naira Swap Deadline
IMF has asked President Muhammadu Buhari to extend the deadline to stop the N200, 500, and N1,000 notes from being legal tender.
Nigeria’s External Debt Hits $40bn
Nigeria has incurred $40 billion in debt since President Muhammadu Buhari assumed office in 2015, OduNews reports.
Nigeria Risking Financial Instability With Rate Hikes, IMF Warns
The International Monetary Fund says Nigeria risks financial instability if it continues to increase its benchmark rates.
IMF Reduces Nigeria’s Growth Projection To 3.2%
The International Monetary Fund has reduced Nigeria's economic growth by 3.2%, OduNews reports.
Nigeria’s Dependence On Importation Worsening Food Crisis – IMF
The International Monetary Fund says overreliance on importation has worsened the food crisis in Nigeria and other sub-Saharan countries.
IMF, FirstBank Call For Unified Exchange Rate
The International Monetary Fund has called for a unified exchange rate to help strengthen Nigeria's economy, OduNews reports.
Nigeria’s GDP Grows By 3.54% In Q2 2022
The National Bureau of Statistics (NBS) says Nigeria's Gross Domestic Product grew by 3.54% Year-on-Year in the second quarter of 2022.
IMF Pegs Nigeria’s 2022 Growth Prospect At 3.4%
The International Monetary Fund has pegged the growth prospect of Nigeria in 2022 at 3.4%, OduNews reports. This was made...
Economic Crisis Looming In Nigeria, Others Over Inflation, Debt – IMF
The International Monetary Fund says the economies of Nigeria and other African countries are being pushed to the brink as a result of inflation, debt and forex crisis.
Nigeria May Use 100% Revenue To Pay Debts By 2026 – IMF
The International Monetary Fund says Nigeria may use all its revenue to service debt by 2026 if the government fails...
World Bank To Disburse $700 Million To Crisis-Hit Sri Lanka
The World Bank is planning to disburse $ 700 million to crisis-ridden Sri Lanka by re-purposing its existing loans, a...
Ex-Babcock Student In Viral Sex Tape Gets Scholarship To Study Abroad
One of the ex-Babcock University students in the sex tape video which went viral in November 2019, has gotten a...
Nigeria’s Economy Growth To Slide By 5.4% – IMF
The International Monetary Fund has further projected a 5.4% reduction in Nigeria’s economic growth as a result of the COVID-19...