The International Monetary Fund (IMF) has warned the federal government against restoring blanket petrol subsidies, urging it to channel public funds towards vulnerable households struggling with rising fuel and transportation costs. The warning comes amid growing political pressure for the return of petrol subsidies ahead of the elections, as higher …
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The World Bank Group has unveiled a new strategy to expand access to finance for micro, small and medium enterprises (MSMEs) in developing countries. The group said that it would use digital technology and data-driven solutions to boost business growth and create jobs. Ajay Banga, President of the World Bank …
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The International Monetary Fund (IMF) has warned that global public debt is projected to reach 100 per cent of Gross Domestic Product (GDP) by 2029. The Fund is urging governments to urgently strengthen public finances as rising borrowing costs, persistent spending pressures and costly energy subsidies narrow their room for …
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Senegalese President Bassirou Faye and International Monetary Fund (IMF) Managing Director Kristalina Georgieva have welcomed progress in talks towards a new programme supporting the country’s economic recovery. The Senegalese Presidency said on Tuesday that Faye and Georgieva agreed to move quickly towards a new IMF-supported programme following their meeting at …
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THE International Monetary Fund (IMF) has projected global growth at 3.0 per cent in 2025 and 3.1 per cent in 2026, as significant policy shifts continue to unfold worldwide. This projection is contained in the IMF’s latest World Economic Outlook (WEO) Update for July 2025, titled “Global Economy: Tenuous Resilience …
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AS many African countries grapple with heavy debt burdens and financial pressure, a few have quietly demonstrated notable fiscal discipline. According to the latest data from the International Monetary Fund (IMF), some nations are maintaining exceptionally low levels of debt to the institution—an achievement that reflects economic resilience and sound …
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GOLD prices are expected to decline in 2025 while silver prices may increase, according to Economic Survey 2024-25 tabled in Parliament on Friday. Citing the World Bank’s Commodity Markets Outlook for October 2024, the economic survey highlighted that commodity prices are projected to decrease 5.1 per cent in 2025 and …
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DESPITE the outrage caused by its advice to the Nigerian Government on floating the naira and the removal of fuel subsidy, the International Monetary Fund (IMF) has said that it stands by its recommendations. Recall that experts and several Nigerians have accused the IMF of rendering ill advice to the …
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…Global debt to exceed $100tr A gradual drop in Nigeria’s debt-to-Gross Domestic Product (GDP) ratio has been projected by the International Monetary Fund (IMF). The lender projected a drop from 50.7 percent to 49.6 percent next year. Debt-to-GDP ratio is a metric that compares a country’s public debt to its …
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…says naira now showing sign of stability THE International Monetary Fund (IMF) has commended the Central Bank of Nigeria for increasing interest rates, saying Nigeria’s currency, the naira is now showing signs of stability. The IMF stated this in its global financial stability report launched during a press briefing in …
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