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…