The International Monetary Fund (IMF) has upgraded its forecast for Nigeria’s economic growth to 3.4 per cent in 2025. The new forecast represents a 0.4 percentage point decrease from the 3.0 percent forecast of the IMF in April this year. Similarly, the IMF raised its forecast for the country’s economic growth for 2026 to 3.2…
The International Monetary Fund (IMF) has removed Nigeria from its list of debtor-countries. Established in 1944, IMF supports countries’ economic growth by providing financial aid and guidance on policies to enhance stability, productivity, and job opportunities. Countries seek loans from the IMF to address economic crises, stabilise their currencies, implement structural reforms, and alleviate balance…
Nigeria government under President Bola Tinubu has fully repaid its $1.61bn (N2.59trn as of May 6, 2025) debt obligation to the International Monetary Fund (IMF). A check through the IMF’s website by our correspondent revealed that Nigeria has been removed among list of countries owning the international financial agency. Check here A data obtained popular…
The International Monetary Fund (IMF) has urged Nigeria to broaden its tax revenue base in order to strengthen its fiscal policy. IMF Managing Director, Kristalina Georgieva stated this at a news conference in Washington D.C. on the sidelines of the 2025 IMF Spring Meeting. In achieving this, Georgieva said Nigeria, like other African nations, should…
A few days ago, the leadership of the Nigeria Labour Congress, NLC, received a two-man delegation from the International Monetary Fund, IMF, comprising the IMF Resident Representative for Nigeria, Christian H. Ebeke, and, Axel Schimmelpfennig from Washington, D.C. The purpose of the visit was to assess how Nigerian workers and the general populace are being…
The International Monetary Fund (IMF) has projected that Nigeria’s headline inflation will average 26.5% in 2025, following a recent rebasing of the Consumer Price Index (CPI) by the National Bureau of Statistics (NBS). The inflation rate, although down from 33.2% in 2024, is expected to spike again to 37.0% in 2026. This forecast is contained…
The International Monetary Fund (IMF) has projected that Nigeria’s economy will grow by 3.0 per cent in 2025, according to its latest World Economic Outlook report released on Tuesday. However, the current Medium Term Expenditure Framework (MTEF) forecasts the economy to grow at 4.6 percent in 2025, yet with targets of the last ten years…
The International Monetary Fund (IMF) says Nigeria will navigate global shocks due to the reforms implemented by President Bola Tinubu. Axel Schimmelpfennig, IMF mission chief for Nigeria, spoke during a visit to Lagos and Abuja from April 2 to 15, where he led a delegation to hold discussions for the 2025 Article IV Consultations with…
The International Monetary Fund (IMF) has appointed Tony Elumelu, founder and group chair of Heirs Holdings, to its advisory council on entrepreneurship and growth, convened by Kristalina Georgieva, IMF managing director. The entrepreneur’s appointment was announced in a statement on Friday. The IMF advisory council comprises global business leaders, policymakers, and academics, dedicated to identifying…
A Madrid court on Friday sentenced former International Monetary Fund (IMF) chief Rodrigo Rato to more than four years in prison for tax crimes, money laundering and corruption. Judges found Rato who was also a former economy minister in Spain, guilty of “three offences against the treasury, one offence of money laundering and one offence…