THE global economic landscape in 2024 reveals a fascinating array of nations leading in wealth and prosperity for their citizens. This year’s lineup of the world’s most affluent countries, ranked by their GDP per capita PPP, offers a glimpse into the diverse strategies and unique economic characteristics that catapult nations …
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CHINA declining growth is set to affect Nigeria’s economic fortune, the International Monetary Fund has disclosed. IMF noted that because China has forged deep economic ties with countries in sub-Saharan Africa over the past 20 years, its recent declining growth may affect growth in Nigeria by 0.5 percentage points on …
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The International Monetary Fund has proposed a higher tax policy to solve Nigeria’s fiscal challenges. IMF Africa Department Director, Abebe Selassie disclosed this during a press briefing on the Sub-Saharan Africa Regional Economic Outlook on Friday at the ongoing World Bank Group/International Monetary Fund Meeting in Marrakech, Morocco. Newsextra24 reports that …
Read More »THE naira traded at 663.04/dollar at the close of business on Friday after a free fall following the Central Bank of Nigeria’s floating of the national currency against the dollar and other global currencies. This means that the currency appreciated by about 5.9 per cent within 24 hours from the …
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INTERNATIONAL Monetary Fund chief Kristalina Georgieva says that risks to financial stability had increased, stressing “the need for vigilance” following the recent turmoil in the banking sector. Speaking at a forum in Beijing, the IMF managing director said she expected 2023 “to be another challenging year”, with global growth slowing …
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The International Monetary Fund has disclosed that inflation, debt, and forex crisis is pushing the Nigerian economy and other African economies to the brink. The Managing Director of the IMF, Kristalina Georgieva, said ministers of finance and central bank governors on the continent disclosed this to her this week. She …
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The International Monetary Fund has cautioned that debt servicing may gulp 100 percent of the Federal Government’s revenue by 2026 if the government fails to implement adequate measures to improve revenue generation. This was disclosed by the IMF’s Resident Representative for Nigeria, Ari Aisen while presenting the Sub-Saharan Africa Regional Economic …
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