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 …
Read More »
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 …
Read More »
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 …
Read More »
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 …
Read More »
…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 …
Read More »
…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 …
Read More »
THE IMF and Ghana have reached an agreement on the third review of the country’s $3bn loan programme, the Fund announced on Friday. This marks a key milestone in Ghana’s ongoing efforts to stabilise its economy amidst significant financial challenges. Ghana, a leading producer of gold and cocoa in West …
Read More »
THE International Monetary Fund, IMF, on Tuesday downgraded its forecast for Nigeria’s economic growth in 2024 to 3.1 percent citing weaker growth recorded in the first quarter of the year, Q1’24. The new forecast was contained in the July 2024 World Economic Outlook of the IMF released, on Tuesday. The …
Read More »
THE International Monetary Fund, or IMF, has predicted that Nigeria’s economy will reach $1.85 trillion by 2029 in terms of purchasing power parity. This forecast suggests a significant growth trajectory for the country’s economy over the next five years. According to the IMF data, Nigeria’s gross domestic product in PPP …
Read More »
NIGERIA’s current account balance recorded a surplus of $1.432bn in 2024, according to the International Monetary Fund’s World Economic Outlook Database, accessed on Wednesday. The rise in FG’s account for the period represents a substantial increase from the $1.21 billion surplus recorded in 2023. A country’s current account balance represents …
Read More »
